Head of Credit Risk Modelling at ING

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

29 Dec, 25

Salary

0.0

Posted On

30 Sep, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Risk Modelling, Leadership, Quantitative Analysis, SAS, R, Python, SQL, Retail Credit Risk, Decision Models, Regulatory Compliance, Stakeholder Management, Performance Planning, Basel Capital Framework, IFRS 9, Early Warning System

Industry

Financial Services

Description

ING Australia are recruiting a Head of Credit Risk Modelling which is key leadership role within our newly formed Modelling CoE under the Integrative Risk function. The role is responsible for a team of 13-20 specialist modelers under two Senior Managers and leads the strategic direction, development, and governance of credit risk models across the retail and wholesale bank portfolio, ensuring that all modelling activities align with regulatory expectations (APRA, EBA), internal governance standards, and business objectives. You will play a critical role in supervising the development of IRB and IFRS9 and Credit decision models, driving innovation in modelling practices, and representing the modelling function in senior leadership and regulatory forums. The role requires strong leadership, technical expertise, and the ability to translate complex modelling outcomes into actionable insights for decision-makers. Your ability to navigate senior stakeholder relations is critical as you will be the main point of contract for all modelling conversations with Board members, Exco, regulators (APRA, ECB, JST) and internal stakeholders (Tribe leads, Finance, Support function leads) to communicate modelling strategy (Tribe leads and Heads of Business & Operations) and outcomes. This is the first time ING Australia has had a modelling centre of excellence and you will have the chance to guide, shape and build the success of the team, creating a lasting legacy in the modelling function at ING. ING is going through a huge growth phase in Australia, and we want to use models as the driver for that growth. You will be one of the key factors in making that happen. Ready to make an impact? What you’ll do Provide strategic direction for the modelling team, ensuring alignment with regulatory and business objectives Supervise development of IRB & IFRS9 models (PD, LGD, EAD), Credit decision models, and ensure regulatory compliance where required Ensure modelling practices meet APRA, EBA, and internal standards Lead and mentor two Senior Managers, manage team resources, and oversee performance planning What we’re looking for 10+ years of quantitative credit model development experience. 5 + years of experience leading specialist quantitative modelling teams. SAS, R, Python or SQL coding skills. Advanced knowledge of retail credit risk/decision models. Knowledge of prudential standards for retail credit portfolios. Understanding of Basel capital framework and IFRS 9. ‘Early Warning System’ and credit decisioning experience. Strong leadership & staff/resource management skills. Strong senior stakeholder management & reporting skills. Ability to critically analyse complicated model outputs and provide challenges/recommendations. What’s in it for you? Discounted ING Health Insurance An additional Rest Day to support your wellbeing An IMPACT day to volunteer on approved sustainability activity About Us At ING, we’re all about making life simpler and more rewarding - for the people who bank with us, the team members who work with us, and the communities we’re proud to support. Joining ING means stepping into an environment where your individuality isn’t just welcomed - it’s celebrated. We’ve built a culture that’s fun, inclusive, and supportive, giving you the freedom to be yourself, so you can do your thing. Whether you’re taking ownership of exciting projects, thinking outside the box, or working with global colleagues, you’ll find ING is the kind of place where growth isn’t just a possibility; it’s a promise. As a WGEA Employer of Choice for Gender Equality and Family Inclusive workplace, you’ll feel the difference in how we value and champion our people. We make hiring decisions based on your skills, capabilities, and how you align with our values - not on ticking every box. So, if you’re interested but don’t meet all the criteria, we encourage you to apply. We’re invested in fostering a diverse and inclusive workplace where everyone feels like they belong. We’re your allies in helping you do your thing during the recruitment process, so let us know if you require any support or adjustments when you apply. Let us know if you’d like to chat with an LGBTQ+ Confidential contact. Sound like your kind of vibe? We can’t wait to hear from you! (One last note: We operate using a direct talent sourcing model, so no agency introductions, please.) ING is Australia’s most recommended bank according to RFI Global’s Consumer Atlas Survey, January–June 2025 (n = 29,510) when compared to customers of the 10 largest ADIs operating in Australia. Need more? Contact Mark Montgomery on mark.montgomery@ing.com. Applications close Friday 17th October Before you apply Here at ING we consider employee development to be important and encourage existing employees to apply for suitable internal positions. It is expected that any employee applying for a vacant position would have been in their current role for a minimum of twelve (12) months before applying. This may be waived in special circumstances and after consultation with your manager #LI-DNI 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 Head of Credit Risk Modelling will provide strategic direction for the modelling team and supervise the development of credit risk models. This role ensures alignment with regulatory and business objectives while leading a team of specialist modelers.