Credit Risk Model Developer
Pubblicato il 04-08-2026 - ING Bank N.V. Milan Branch in Milano
Key ResponsibilitiesDevelop and maintain IFRS 9 models, managing all project phases: initiation, data collection, model design, development, validation interaction, and audit/regulatory engagement when required.
Design and calibrate point?in?time risk parameters and macroeconomic overlays, ensuring proper incorporation of forward?looking information and scenario?based approaches.
Monitor model performance through backtesting, benchmarking, and sensitivity analysis, identifying model weaknesses and implementing enhancements when necessary.
Define and execute remediation plans to address findings from Internal Validation, Audit, and external reviews.
Support model implementation and production deployment, including test strategy definition, UAT execution, reconciliation checks, and issue resolution.
Collaborate with key stakeholders (Finance, Accounting Policy, Risk, IT, Data Management) to ensure alignment between risk models and financial reporting requirements.
Conduct impact analyses related to model changes, macroeconomic scenarios, portfolio evolution, and regulatory/accounting updates.
Perform portfolio monitoring activities, focusing on ECL drivers, staging allocation (Stage 1, 2, 3), and parameter evolution over time.
Prepare reporting and documentation for Senior Management, including model performance, ECL dynamics, and key risk drivers.
Ensure proper model governance and documentation, in line with IFRS 9 standards and internal policies.
Promote best practices in IFRS 9 modeling and forecasting, supporting continuous improvement and knowledge sharing across the organization.
Skills & CompetenciesStrong knowledge of IFRS 9 accounting principles,
including ECL methodology, staging criteria, and forward?looking adjustments.
Solid understanding of regulatory and accounting interactions (e.g. linkage between IFRS 9 and IRB frameworks).
Technical proficiency in data management and modeling tools (primarily SAS).
Strong analytical skills, with ability to interpret macroeconomic scenarios and their impact on credit risk parameters.
Excellent communication skills, with the ability to interact with Finance, Audit, Validation, and Senior Management.
Proven collaboration skills with cross?functional teams (Risk, Finance, IT, Data).
Strong organizational and project management capabilities.
Fluent in English, both written and spoken.
Required ExperienceMinimum 4 years of experience in IFRS 9 model development or validation, preferably on retail portfolios.
Strong background in quantitative credit risk modeling, time?series analysis, and forecasting methodologies.
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LocationMilan (hybrid)
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BenefitsSuper flexible smart working
Competitive base salaries and performance?based bonuses
Diverse cultures & innovative mindsets
International environment
Commitment to sustainability
Lots of training development opportunities
Moments dedicated to physical and mental well?being
A special day off on your birthday
We are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.
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