{"id":2175113,"url":"https://alion.io/job/ing-group-credit-risk-model-developer-irb-ifrs9","title":"Credit Risk Model Developer (IRB & IFRS9)","company":{"id":3744,"name":"ING Group","domain":"ing.com","url":"https://alion.io/company/ing","size_band":"5000+","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"B","score":80,"open_postings":107,"ghost_share":0.009,"stale_share":0.776,"repost_share":0.028,"time_to_fill_p50_days":28,"computed_at":"2026-10-28T05:59:10Z"}},"role":"Finance","role_family":"Finance","seniority":"middle","employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Milan, Italy"],"countries":["IT"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":57000,"max":null,"currency":"EUR","period":"year","gross":null,"usd_annual":63837},"salary_estimate":null,"experience_years_min":4,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"MATLAB","optional":false},{"name":"Python","optional":false}],"status":"live","first_seen_at":"2026-10-09T13:55:07Z","employer_posted_date":"2026-10-09","last_verified_at":"2026-10-28T09:20:46Z","board_verified":true,"closed_at":null,"days_open":18,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":18},"description":"Activities:\nYou will join the Model Development Unit within the Retail Credit Risk area, contributing to the design and enhancement of risk models for retail portfolios. Specifically, you will be part of the team responsible for developing models for calculating risk parameters (PD, LGD, EAD) under both IRB and IFRS9 frameworks.\nYou will play a key role in the development, maintenance and monitoring of regulatory and accounting risk models for Retail Banking portfolios.\nThe role covers AIRB models (PD, LGD, EAD) for the Mortgage portfolio as well as IFRS9 models for both Mortgages and Consumer Lending portfolios. The successful candidate will contribute across the full model lifecycle, from methodology implementation and model development to monitoring, regulatory interactions and implementation oversight.\nResponsibilities:\nLead the development, maintenance and monitoring of AIRB and IFRS9 models covering Mortgage and Consumer Lending portfolios.\nDevelop and maintain PD, LGD and EAD models for Mortgage portfolios under the AIRB framework, as well as IFRS9 risk parameter models for Mortgages and Consumer Lending portfolios.\nEnsure compliance with ECB, EBA and Group model risk management requirements, supporting model approvals, annual reviews, remediation plans and regulatory inspections.\nMonitor model performance through periodic backtesting and implement corrective actions when necessary.\nDefine and execute action plans to address validation findings and regulatory feedback.\nSupport implementation and production deployment, including test strategy definition, result verification, and corrective measures.\nCollaborate with internal and external assessment teams (Internal Validation, Audit, ECB) ensuring timely adoption of recommendations.\nConduct ad-hoc qualitative and quantitative analyses, including impact assessments and sensitivity analyses for forecasting, new product introduction, pricing, and model changes.\nPerform portfolio monitoring with a focus on risk parameter evolution.\nPrepare reports for Senior Management on model performance and corrective actions.\nEnsure integration of models into business processes and promote knowledge sharing across the organization.\nAct as a change agent, fostering awareness and adoption of advanced risk modeling practices.\nRequired skills:\nStrong experience in credit risk modelling within banking environments.\nProven experience in AIRB and/or IFRS9 methodologies, including PD, LGD and EAD modelling.\nGood understanding of ECB and EBA requirements related to IRB and IFRS9 frameworks.\nExperience interacting with Validation, Internal Audit and regulators and senior management is considered a strong advantage.\nKnowledge of Mortgage and Consumer Lending portfolios is preferred. \nTechnical proficiency in data management and modeling tools (SAS, Python, MATLAB, etc.).\nStrong collaboration skills with internal stakeholders (IT, Data Management, Finance, etc.).\nProven team coordination, time management, and organizational skills.\nFluent in English, both written and spoken.\nRequired Experience:\nMinimum 4 years of experience in IRB/IFRS9 model development or validation for retail portfolios.\nSolid background in quantitative risk modeling and regulatory compliance.\nContract offer:\nWorking conditions: Permanent employment contract\nWorking hours: Full time (37 hours per week)\nApplicable Collective Labour Agreement: National Collective Labour Agreement for employees in the credit sector (NCLA)\nLocation: Milan\nAnnual base salary starting from: 57.000€\nVariable remuneration: in line with the applicable remuneration policies (with a target based on the role, outcomes linked to the Group, Business line/function, and individual performance)\nOur compensation approach is built on objective, gender-neutral criteria aligned with the role’s core requirements. That said, we believe talent goes beyond any framework: your total reward package will be tailored to reflect your unique experience, skills, and potential, ensuring we fully recognize the value you bring.\nThe benefits of joining ING\nIn addition to being a part of a great team, working in a fun and innovative environment, we offer:\nFlexible Smart Working\nCompetitive base salaries and performance-based bonuses\nMeal vouchers and corporate restaurant and bar\nHealth insurance and Accident insurance\nPension fund and welfare plan\nDiverse cultures & Innovative mindsets\nInternational Environment and Talent Program\nCommitment to sustainability\nLots of training development opportunities to help you grow\nLots of moments dedicated to physical and mental well-being\nA special day off when it is your birthday: we call it #doyourbirthday!\nAnd of course, we can’t forget free water & coffee at the office!\nAbout ING\nING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional.\nOur purpose - empowering people to stay a step ahead in life and in business - represents our belief in people’s potential. We don’t judge, coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future.\nOur Commitment\nDiversity is a fundamental element of our corporate culture, and 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.\nJob Application Safety Reminder \nWe’re seeing an increase in fraudulent job offers. To protect yourself, please follow these key guidelines when applying for roles at ING:\n· Apply only via official ING platforms: ING uses Workday as its internal recruitment system. Applications should be submitted only via our official career site.\n· Check the sender’s email carefully: legitimate communication will always come from: @ing.com and/or @myworkday.com\n· No payments or banking details will ever be requested. If someone asks for this information, it’s a scam.\nIf you suspect suspicious activity, report it immediately. Your safety matters to us.","description_format":"text","description_chars":6248,"description_truncated":false,"requirements":{"experience_years_min":4,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":null,"security_clearance":false,"languages":[{"language":"English","level":"Advanced (C1)","optional":false}]},"benefits":["Health insurance"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Commercial & Retail Banks","Investment Banking & M&A Advisory"],"lifecycle":[{"event":"open","at":"2026-10-09T13:55:07Z"}],"visa":[],"liveness":{"score":52,"band":"ok","label":"Likely open","p_open":1,"p_active":0.582,"p_room":0.9,"age_days":18,"expected_fill_days":28,"reasons":["conf:2","stale_co","velocity","win:mid","comp:brand"],"computed_at":"2026-10-28T05:59:10Z"},"pay":{"stated_usd_annual":63837,"is_top_pay":false},"html_url":"https://alion.io/job/ing-group-credit-risk-model-developer-irb-ifrs9","json_url":"https://alion.io/job/ing-group-credit-risk-model-developer-irb-ifrs9.json","meta":{"generated_at":"2026-10-28T13:48:53Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":18718,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-29T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":3744},"rest":"https://alion.io/mcp/rest/get_company?id=3744"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fing-group-credit-risk-model-developer-irb-ifrs9"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fing-group-credit-risk-model-developer-irb-ifrs9"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fing-group-credit-risk-model-developer-irb-ifrs9"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/ing-group-credit-risk-model-developer-irb-ifrs9\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fing-group-credit-risk-model-developer-irb-ifrs9"}],"agent":{"mcp":"https://alion.io/mcp/jobs","mcp_open":"https://alion.io/mcp/open","next":[{"tool":"get_job","arguments":{"id":2175113}},{"tool":"search_jobs","arguments":{"company":"ing.com","detail":"compact"}},{"tool":"match_people","arguments":{"job_id":2175113},"note":"people open to offers who fit this vacancy"}],"note":"The same data through MCP tools: https://alion.io/mcp/open needs no sign-in (compact searches, postings, people); https://alion.io/mcp with an Alion account has everything. Docs: https://alion.io/developers"}}