Senior Model Developer

ING is looking for professionals with at least 4 years of experience to join the Bank‑wide Credit Risk, ESG Risk development teams, or the Risk Strategy and Oversight group. The role is based in Milan within the following departments:
Bankwide Credit Risk Models, ESG Risk Models, Risk Strategy and Oversight.

Key Responsibilities Support the full model development lifecycle: methodology definition/application, data collection and analysis, development, calibration, documentation, and monitoring.

Contribute to initiatives required by supervisory authorities or internal/external auditors.

Coordinate and collaborate on testing, validation, and production release activities.

Collaborate with front office, Risk Management, Model Risk Management, and auditors throughout the model lifecycle.

Perform portfolio and deep‑dive analyses to support both business‑as‑usual model usage and ad‑hoc initiatives requiring advanced model expertise.

Qualifications At least 4 years of experience in credit risk model development (AIRB, IFRS9) or a master’s degree or PhD in Econometrics, Physics, Statistics, Mathematics, or Engineering.

Strong knowledge of regulatory models (Basel framework) and IFRS9, with experience developing expert‑based or statistical credit risk models.

Additional or alternative knowledge of ESG modelling topics (e.g. double materiality assessment, ESG risk factors, ESG data).Strong understanding of regulatory frameworks (ECB, EBA); experience with supervisory authorities, ideally the European Central Bank.

Extensive experience with data modelling and coding tools (Python, R, SAS) and familiarity with GenAI tools.

Strong communication skills, including the ability to interact with senior management.

Excellent analytical and problem‑solving capabilities, with strong execution skills.

Creative and innovative mindset and a team‑player attitude.

Fluent in English.
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