Regulatory Credit Risk Models Analyst en Madrid

This is Us.

A team of more than one thousand people sharing an idea: doing our bit in helping our clients create a better future for themselves, providing them with the tools they need to get where they want to go.

In today’s world, we know this happens because we are a fully online bank. We were born out of that idea and 20 years on, technology, simplicity and transparency continue to be the ingredients of the recipe that leaves the best taste in our mouths: being more than just a bank, someone useful in the lives of the millions of clients who have chosen us.

The way we do things also mirrors our eagerness to innovate. We are proud to be one of the very first banks to work with agile methodologies. It doesn’t ring a bell yet? No worries, we will be delighted to tell you all about it. You will find it’s one of those things you’ll want to repeat over and over.

And although we are based in Spain, we like to cross borders. We are lucky to work with international teams every day across 44 countries, composed of women and men as equal as they are diverse. Because here you are completely free to be who you want to be, love whomever you choose, and even go for pineapple as your pizza topping.

Making things happen, helping others be successful, always being one step ahead—that’s our DNA. If you look at yourself in the mirror and your reflection matches our way of being and working…we are looking forward to meeting you!

Your role and work environment:

You will be part of the Retail Credit Risk Management Team based in Madrid, the team responsible for the oversight of the risk in the Spanish Retail Lending portfolio during the whole credit cycle.

Particularly you will be within the team that is participating in the development and implementation of all regulatory credit risk models which determine the exposure measurement and capital and provisions adequacy. This modelling team is part of a collaborative international team of highly qualified professionals, that are working from our Central Offices in The Netherlands and from our Risk Hub in Poland.

What you will do?

• You will play a crucial role in the development and maintenance of regulatory models for measuring and managing Retail Credit Risk.
• You will cover regulatory models used for AIRB approach as well as the models used for IFRS9 based modelling.
• You will assist in the validation and monitoring of those models, as well as guiding and advising model owners and sponsors when taking financial risk decisions with model outputs.
• You will ensure compliance with all regulatory requirements and assist in model Application Packages.
• You will understand local business, product specifics and macroeconomic fundamentals impacting model performance.
• You will contribute with your knowledge and expertise to ensure the entire organization, particularly the senior management, is aware of the relevance of internal models.

What are we looking for?

A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems. You are fully conscious of the importance of data for the banking business and the relevance of regulatory models.

Particularly for this position, we are looking for:

• Bachelor Degree or equivalent in Economics, Business, Statistics, Math or Econometrics.
• Experience developing/monitoring/validating credit risk models > 3 YRS from banking or consultancy.
• Excellent knowledge of statistics and/or mathematics, as well as programming, preferably in SAS and SQL (Python and R would be welcome)
• Strong analytical skills and problem solving skills. Knowledge of banking and financial industry, preferably on the Retail Lending side.
• Independent, creative and pro-active mind-set. Focus on delivering pragmatic and feasible solutions.
• Fluent English language skills.
• Eager to lead projects.

What do we offer?

The time you spend at work, the challenges you face or the lessons you get are very important, but… What about your personal life? At ING we want your work to fill you in every way, and that is why we take care of even the smallest detail.

Check out what is waiting for you!

Flexible schedule and 100% flexible e-working.

Work or e-work? We have a totally flexible model: choose the one that best suits you.

Restaurant card.

So that thinking about what to have for lunch doesn’t take up your time or your cravings.

Our house will be your home.

In our offices you can find electric mobility solutions, doctor, hairdresser, gym, urban orchard, The Good Service (to help you in your arrangements) and much more!

Life insurance.

We hope you don't need to use it!

Health insurance.

For you and all your family (spouse/partner and children).

Flexible retribution.

In addition, you can enjoy our flexible remuneration model, through which you can access other services such as nursery, transport card, training aids…

Free company shuttle.

It doesn't matter where you live. We have 6 routes (North, Central, South, A5, A42 and A6) to get you to work comfortably.

Banking benefits.

Special loan or mortgage terms after 6 months working at the bank.

And benefit from our pension plan after 2 years with us.

More health, more sports.

Runners club with your own trainer.

Clinics with professional, world-class athletes.

Physiotherapy service on site.

Gympass.