Financial Risk Specialist (WB Capital & Models)

Financial Risk Specialist (WB Capital & Models)

The team
Risk models are of paramount importance to ING Wholesale Banking (‘WB’) given that they cover 50% of ING's capital consumption and provisions. The WB Capital & Models department is co-owner of ING’s WB risk models and is pivotal in the delivery of the redeveloped WB (credit) risk models. The department is an integral part of ING WB in centrally optimizing and managing the WB balance sheet / capital by collaborating with all business lines,  sector organizations and risk departments across the Bank.

The department is composed of three Capital teams, three Model Expert teams, and a Regulatory Transformation team. The Regulatory Transformation team oversees regulatory developments and assesses and mitigates their RWA impact. Key responsibilities across the department include managing Capital- and Model‑related ECB on‑site inspections, serving as the delegated model owner for the WB Lending Pricing tool (PricING), driving RWA optimization and scenario analysis, representing WB in various Risk Committees, and providing regulatory expertise to the Front Office.

For this team, we are looking for a Financial Risk Specialist with tangible experience and expertise in modelling,

Roles and responsibilities
We are seeking a Financial Risk Expert who will serve as cross‑portfolio regulatory transformation specialist. In this role, you will work with the team on cross‑model deliverables and ensure regulatory compliance across Counterparty Credit Risk, Market Risk, and Credit Risk models. Further you will focus on implementing regulatory requirements and embedding risk policies in the day-to-day Wholesale Bank activities and front office processes. You will play a key role in understanding, forecasting, and optimizing the impact of regulatory policies and models on capital, and consequently on WB profitability metrics.

In your role of Financial Risk Specialist, you will:

• Analyse and interpret the impact of new RWA‑related regulatory changes and risk model developments, and provide clear, actionable insights to model users and business stakeholders.
• Engage daily with Front‑Office, Finance, and Risk colleagues to discuss (potential) model behaviour, RWA impacts, and portfolio‑level implications, supporting informed decision‑making.
• Identify limitations or inconsistencies in the use and application of risk models across portfolios and ensure these are escalated and addressed.
• Advise model users on relevant policies and regulatory requirements, and support the embedding of these standards into commercial processes and day‑to‑day business activities.
• Provide expert advise on areas where traditional credit and market risk topics overlap.
• Deliver data driven insights in portfolio movements to steer front office and forecast RWA movements.
• Support the delivery of strategic initiatives by gathering external and internal requirements (e.g., regulatory, functional, sustainability) and ensuring timely alignment with key stakeholders such as the WB Lending Tribe, Financial Markets Tribe, PricING squad, and COOR.
• Monitor structural weaknesses in the regulatory capital framework and RWA calculations, and contribute to developing practical solutions and improvements.
• Support and manage ECB on‑site inspections and coordinate the remediation and mitigation of the resulting findings and recommendations.

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.

We are looking for a profile with the following knowledge and experience.

• Minimum of 5 years’ experience in the Risk and Front-Office Domain.
• Knowledge of relevant regulations (CRR, CRD, EBA, RTS, ECB Guide), ING policies, ING’s model methodology, model key concepts (e.g., PD, EAD, LGD, market risk).
• Able to identify problems and to solve them in collaboration with experienced stakeholders.
• Ability to translate complex content into simple messages to stakeholders with diverse backgrounds.
• Good stakeholder management skills and organizational sensitivity to act within complex stakeholder environments across business lines and across end-to-end value chain.
• “Make it happen” mindset and track record.
• Proven problem-solving skills.
• Work independently

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.

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