ING Model Developer Position - Risk Trading Quant Team
ING is looking for a Model Developer for the Risk Trading Quant Team in the Integrated Risk Model Development department. We are an energetic international team of highly qualified professionals specializing in Trading pricing models, Market risk, and Counterparty credit risk in the Trading book.
We are part of the Integrated Risk Model Development department, which includes a large team of modeling experts in Trading Risk, Credit Risk, and Market Risk across IRRBB and Balance Sheet Risk models, utilizing state-of-the-art modeling methods, tools, and data-processing technologies. This position offers excellent opportunities to excel, broaden your modeling and coding skills, and gain exposure to a dynamic, agile international environment. Does this sound interesting? Please read on!
Roles and Responsibilities
The team’s activities are diverse; here are some main tasks:
* Develop calculation methodologies for valuation adjustment models, accounting for model risk uncertainty and position concentration;
* Develop Trading Risk methodologies, such as Incremental Risk Charge (IRC/DRC), VaR scenario specifications, Risk not in model, historical market data models, stress tests, and economic capital models;
* Develop Counterparty Credit risk models;
* Design model monitoring methodologies;
* Perform production system implementation checks by comparing to benchmark implementations or directly implementing models in systems;
* Provide quantitative support to risk managers and traders, including integrating new products/pricing models into existing risk frameworks, developing tools for model insight, and analyzing methodologies used for P&L explanation or market data proxies.
How to Succeed
You should have:
* A PhD or MSc in a quantitative field such as mathematics, physics, statistics, or econometrics;
* 3 to 5 years of quantitative experience in areas including:
o Market Risk and/or Counterparty Credit Risk modeling and implementation in Python or C++;
o Derivatives pricing in asset classes like Interest Rate & Inflation, FX, Credit, Equity, Commodities, or XVA, with model implementation in Python or C++;
o Familiarity with key regulatory frameworks (e.g., CRR Market Risk, FRTB, Prudent Valuation);
* Strong communication skills and fluency in English;
* A constructive attitude and proactive team spirit.
Rewards and Benefits
We aim to help you balance your career and personal life. Find out more about our employment conditions.
The benefits of working with ING include:
* A salary aligned with your experience and qualities;
* 26–28 vacation days depending on your contract;
* Pension scheme;
* 13th-month salary;
* 8% holiday payment;
* Mobility card;
* Hybrid working options;
* Opportunities for personal growth and challenging work;
* An informal, innovative work environment.
About Us
Curious about how ING empowers people and businesses? Discover what we do and what we can offer you.
Questions?
Contact the recruiter attached to this advertisement. To apply directly, upload your CV and motivation letter by clicking the ‘Apply’ button.
#J-18808-Ljbffr