Area Lead Trading Book Risks

Team description

The Area Lead Trading Book Risks is responsible for leading model validation and model risk management activities across several key regulatory financial risk model domains. For Trading Book, this covers Market Risk, Counterparty Credit Risk (CCR) & x-Valuation Adjustments (XVA), Valuation (Risk) & Pricing and Algorithmic Trading. The Area Lead manages high-value specialist teams of model validators facing increasing strategic challenges, driving quality, efficiency, and effective stakeholder relationships in a rapidly evolving regulatory environment.

Specific Function

Model Risk Management (MoRM) in a nutshell; Models are an imperfect reflection of reality. Models impact our business and we use models for decision making throughout ING. We need to manage uncertainties and shortcomings in our models, as there are risks involved. Are we sure that the output leads to the right decision? Models are a great asset but come with a risk that needs to be managed. The purpose of the Model Risk Management department is to ensure that models drive business value safely. That's why we've created a cross-domain Model Risk Management Framework helping us identifying, classifying, recording and validating models we use across ING. For example, Credit, Market, KYC, Operational and Pricing models. Together with our stakeholders in e.g. Model Development and COO Risk we try to obtain the best models for ING.

Job description

As Area Lead, you will oversee, lead and contribute to risk-based model validations and holistic model risk management for your domain, ensuring timely, high-quality delivery in line with regulations and internal policies. You will develop and implement innovative validation frameworks, automate periodic validations, and optimize resources within your global team.

You will lead, coach, and develop a diverse team of model validators and chapter leads,

fostering a high-performance culture and ensuring fungibility across the Area. You will build and maintain strategic stakeholder relationships, act as a business partner while remaining independent, and contribute to the development and execution of the Area’s strategy and annual business plan, including continuous improvements and non-validation activities.

Specific Tasks and Responsibilities

• Deliver timely, risk-based model validations and holistic model risk management activities, presenting reports, analyses and findings to committees and stakeholders.

• Develop and implement future-proof, innovative, risk-based validation frameworks and automation for models in scope, ensuring consistency and compliance.

• Recruit, lead, manage, and develop a global team of fungible model validators and chapter leads, optimising area (/tribe) resources and fostering cross-chapter collaboration.

• Contribute to the MV Financial Risk strategy, develop the Area’s strategy and annual business plan, translating it into actionable roadmaps and leading strategic change

• initiatives.

• Build and maintain constructive stakeholder relationships and partnerships, facilitating effective communication and alignment with internal and external parties, including regulators and auditors.

• Operate as a business partner to stakeholders, influencing first line stakeholders and developing partnerships while maintaining independence.

Specific Knowledge and Experience

• University master’s degree or PhD with a strong quantitative focus (e.g., Econometrics, Mathematics, Physics, Statistics).

• Extensive experience (15+ years) in financial risk modelling, model validation, and/or model risk management within banking or trading domains (1st & 2nd line of defence).

• Proven track record in managing, leading, and developing highly quantitative teams (manager of managers), including product managers and functional reports.

• Wide experience in strategy formation, embedding ongoing regulations and policies, and managing diverse senior stakeholders.

• Deep technical and regulatory expertise, with the ability to present complex topics to less technical audiences and senior management.

• Strong people development, leadership, and continuous improvement mindset.

• Strategic vision and execution skills, with experience in driving change and embedding improvements across teams.

Reporting Line and Classification

Area Lead Trading Book Risks reports hierarchically to Head of Model Validation Financial Risk located in Amsterdam. You will be part of the leadership team of the MV FR tribe, contributing to strategy and driving its execution.

This position is classified as: GJA 21 | JG 15 – Job Title: Head of Model Risk I | Job Family Group: Model Risk Management | Job Family: Risk Management