Credit Risk Model Developer

Do you get energy from solving complex challenges using data, analytics, and mathematical thinking? As a Credit Risk Model Developer, you’ll work on models that directly shape how ING supports millions of customers. If you want to make real impact on responsible lending decisions, and enjoy the intellectual challenge of designing high‑quality models, this is your chance to build something meaningful.

The team

You’ll join the Credit Risk Model Development department, the group responsible for developing, maintaining, and improving ING’s credit risk models. Your team is responsible for the Retail and SME portfolios. The team works closely with colleagues across Risk, Data, and the business to build models that help ING manage its lending activities and empower responsible customer decisions.
The culture is analytical, collaborative, and curiosity-driven, with plenty of room for creative thinking, challenging assumptions, and learning from a diverse modelling community.

Roles and responsibilities

In this role, you will contribute to the full model development lifecycle. You will:

• Develop and calibrate credit risk models for Retail & SME portfolios using ING’s modelling standards.

• Build statistical, expert-based, and hybrid models across a wide range of products and countries.

• Analyse large datasets and translate findings into robust, regulatory-compliant model designs.

• Improve and monitor existing models to ensure they remain accurate, stable, and effective.

• Provide analytical insights and guidance to stakeholders to support high-quality credit risk decisions.

• Collaborate with modelling peers, model validators, and business experts to continuously raise model quality.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

To thrive in this role, you bring:

• Strong modelling experience using Python, R and SAS, and a passion for analytical problem-solving.

• A background in developing Basel and IFRS 9 credit risk models (must-have).

• An academic degree (MSc or PhD), ideally in econometrics, physics, mathematics, statistics, or similar.

• The ability to analyse complex problems, challenge assumptions, and translate results into clear insights.

• A proactive mindset, you enjoy improving things and taking ownership.

• Strong communication skills and a collaborative approach.

Rewards and benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.

The benefits of working with us at ING include:

• 25-28 vacation days depending on contract

• Pension scheme

• 13th month salary

• 8% Holiday payment

• Hybrid working

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us
Curious about how ING empowers people and businesses to move forward? Discover what we do and what we can offer you.

Questions?
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.