Chapter Lead MV IRRBB & ICLAAP at Ing Firm

Amsterdam, North Holland, Netherlands -

Full Time

Start Date

Immediate

Expiry Date

21 May, 26

Salary

0.0

Posted On

20 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Validation, Model Risk Management, IRRBB, ICLAAP, Regulatory Risk, Stakeholder Management, Team Leadership, Risk-Based Validation, Quantitative Modelling, Framework Development, Performance Management, Change Initiatives, Continuous Improvement, Auditor Communication, Team Development, Strategic Planning

Industry

Banking

Description

Team description The Chapter Lead MV IRRBB & ICLAAP is responsible for leading model validation and model risk management activities across several key regulatory financial risk model domains, i.e. Interest Rate Risk in the Banking Book (IRRBB) and Internal Capital & Liquidity Adequacy Assessment Process (ICLAAP). The Chapter Lead manages/leads a high-value specialist team 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 We are looking for an energetic, naturally collaborative, and hands-on Chapter Lead IRRBB & ICLAAP to support the Area Lead Banking Risk within Model Validation Financial Risk. Specific Tasks and Responsibilities Lead a team of high-value specialist and fungible model validators (across the Banking Book area), facing strategic challenges and driving a culture of accountability among 1st line stakeholders for model risk and deliverables. Oversee and contribute to model validation and model risk activities for two portfolios of financial risk models, covering complex specialist regulatory risk domains. Ensure the content, quality, efficiency, effectiveness and stakeholder relationships for all validation activities, both internally and externally, including continuous improvements and strategic changes within the chapter. Develop and implement risk-based validation frameworks for all models within the regulatory domains in scope, ensuring compliance with evolving external regulations and internal policies. Contribute to the broader Area, MV Financial Risk and Model Risk Management strategy, translating it into actionable plans and roadmaps for the chapter. Recruit, manage, and develop a team of 8–13 model validators, ensuring fungibility across the Area’s scope and fostering a culture of learning, feedback, and diversity. Deliver timely, high-quality, risk-based model validations in line with regulations, policies, and business requirements, and present validation reports to model approval committees and fora. Perform holistic model risk activities, such as thematic reviews, root cause analyses etc, and provide independent advice to stakeholders. Develop innovative validation frameworks and automate periodic validations to manage increasing validation backlogs with fewer resources. Lead and manage performance cycles, ensuring team wellbeing, diversity, and inclusion, and supporting cross-chapter and cross-location collaboration. Build and maintain constructive stakeholder relationships, aligning on planning and ensuring effective communication with internal and external parties, including regulators and auditors. Contribute to or lead broader change initiatives that require cross-tribe collaboration, challenging the status quo and driving improvements. Specific Knowledge and Experience University master’s degree or PhD with a strong quantitative focus (e.g., Econometrics, Mathematics, Physics, Statistics). Extensive experience (10+ years) in financial risk modelling, model validation, and/or model risk management within banking and/or trading domains (1st & 2nd line of defense). Deep technical & regulatory expertise (e.g. quantitative modelling, risk management, regulations, business), with ability to present & explain to a less technical audience. Planning, organizing & executing multiple simultaneous validation projects in line with (to be developed/evolving) risk-based model validation frameworks in a changing environment. Proven track record in managing, leading, and developing highly quantitative teams. Strong people development & leadership skills, with a learning/growth mindset. Experience with identifying, contributing to & translating strategy & regulatory developments into chapter improvements/deliverables (e.g. way-of-working, validation frameworks, other improvements, etc). Good stakeholder management & communication skills, flexible in approach while balancing internal priorities & regulatory expectations, thereby remaining critical, independent & keeping ground where needed. Reporting Line and Classification Chapter Lead MV IRRBB & ICLAAP reports hierarchically to Area Lead MV Banking Book Risks 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 20 | JG 14 – Job Title: Lead Model Risk IV | Job Family Group: Model Risk Management | Job Family: Risk Management. We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar – like location and job type – to help you find the perfect fit. Start exploring now and discover where your next career move could take you!

Responsibilities

The Chapter Lead is responsible for leading model validation and model risk management activities for Interest Rate Risk in the Banking Book (IRRBB) and ICLAAP, while managing and developing a specialist team of model validators facing strategic challenges. Key tasks include overseeing validation content and quality, developing risk-based frameworks, and ensuring timely, high-quality validation reports are delivered to approval committees.