Model Risk Specialist

ING Hubs Poland is hiring!

​The expected salary for this position: 13 000 - 22 000 PLN

The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.

We are looking for you, if you have:

• A quantitative degree and experience in Data Analytics

• Risk management professional skills with hands on Model Risk

• Knowledge of relevant regulations and ethical guidelines

• Experience in corporate governance and in-depth knowledge of Model Risk Management Framework principles (be ready to explore and develop) will be considered as a plus

• Design thinking

• Strong analytical and problem-solving capabilities

• Strong communication skills, with the ability to explain complex concepts to technical and non-technical audiences

You'll get extra points for:

• Experience in corporate governance and in-depth knowledge of Model Risk Management Framework principles

• Participation in end-to-end modelling, framework and governance initiatives/projects and change management

• Having automation experience in Python/VBA or in SAS MRM tool

• Having knowledge on structuring and application of Data Quality aspects: framework design and implementation, monitoring and control activities and validation rules on data sets

• Operational agile in Power BI or other data visualization platforms

• You think and act globally and grasp business opportunities or identify pain points to be addressed

• You recognize and understand correlation and dependencies between squads within different parts of the organization

• Have strong project management skills to lead long term initiatives under a program setup

• Have strong stakeholder management skills, including experience managing communication and influencing senior stakeholders. Good listener and interviewer, receptive to the feedback from the stakeholders
  

Your responsibilities:

• Quantitative and qualitative analysis of model inventory data at portfolio level to asses model risk and contribute in steering process by identification root causes of MRAS threshold breaches, perform monitoring of ongoing action plans aimed to keep model risk measures within defined MRAS limits, define portfolio-level analysis conclusions, communicate key messages to appropriate stakeholders, and initiate new actions and escalations through the model risk reporting and governance process

• Perform reviews of model risk topics (e.g. model identification, model waivers, etc.) and provide advice, ensuring quality and consistency

• Participate in strategic initiatives and support audit requests/ remediation activities, collaborating with other tribes/stakeholders

• Deliver information sessions and reporting to relevant stakeholders and participate in the delivery of trainings

• Influence strategic change in stakeholder behavior, moving away from operational activities towards portfolio management of risk levels

• Interact with Model owners and other stakeholders, fostering accountability and ownership of model risk within the 1st line of defense

• Maintain solid technical knowledge of iModel and draft business requirements and specifications for requested changes.

Information about the Team:

Team is a part of functional line Model Risk Oversight (MRO) that is responsible for the design and implementation of ING’s global Model Risk Management (MoRM) framework and tooling across all models used within ING Bank worldwide. The tribe aims to proactively manage model risks by guiding global and local communities in the execution of the model lifecycle activities, performing effective and efficient 2nd Line of Defence (LoD) challenge and oversight across ING’s model landscape, monitoring and reporting on model risks. MRO is an energetic, international team of highly qualified Model Risk Experts, Business Analysts, and Data Analysts/Programmers. MRO is developing and rolling out the new Model Risk Management (MoRM) framework which scope covers all models used within ING Bank worldwide. To further strengthen and manage the model risk management activities, MRO expands within Risk Hub of ING Hubs Poland. The Risk Hub Model Risk Oversight Chapter supports/guides global and local model communities in execution of the model life cycle activities, together with Global MRO team facilitates oversight, monitoring model risk, assessing and governing model inventory data quality, and reporting for global/local entities. We expect the MoRM department will have significant different activities due to re-setup operating model between 1st and 2nd line risk management, as well as emerging risks or regulations (EU AI Act). We are looking for Model Risk Experts to support Model Risk Management by enhancing steering mechanisms, extending reporting capabilities and contribute to various framework related projects. At ING Hubs Poland and ING Group we follow the Agile approach and mindset. We are innovative and we trust people we work with. The Model Risk Specialist reports functionally to the Chapter Lead MoRM MRO MRPM&F located in Amsterdam, hierarchically to the Chapter Lead Model Risk Reporting, Risk Hub Model Risk Management - Department located in Warsaw.

The role naming convention in the global ING job architecture will be "Model Risk Specialist IV".

The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.