jobid=A.0.049
Client: ING Bank N.V.
Location: Amsterdam
Job Category: Other
EU work permit required: Yes
Job Reference: 61f088d29af7
Job Views: 4
Posted: 18.02.2025
Expiry Date: 04.04.2025
Job Description:
Corporate Audit Services (CAS) performs operational audits in the area of Model Risk with a dedicated Models team. As part of this team, an Audit Supervisor Specialist plays a key role in providing assurance on Model Risk, with worldwide coverage across all risk and business domains.
The Team
You will be located in Amsterdam within the Model Risk audit team, working in hybrid mode between home and the office. International audits are performed as a joint effort between local audit teams and central model risk experts. This team is part of the CAS Risk & Finance Division. CAS is a highly professional organization with audit teams across the globe and comprises a diverse international team of around 400 members. You will work in a positive working atmosphere where open communication is encouraged. Education and training are highly supported, and innovation is stimulated.
Roles and Responsibilities
As an Audit Supervisor Specialist for Market Risk, you are a Subject Matter Expert in multiple model (risk) related domains.
- Responsible for performing model audits and contributing to model audit strategy development (including agile execution and data analytics solutions).
- Involved in complex audits, leading these on model-related content, and delivering key messages to auditees and senior management.
- Act as Audit Lead if required.
- Collaborate with model risk management, model development, model validation, model measurement, and analytics departments.
- Challenge counterparts towards developing industry best practices and new modeling techniques.
- Engage in stakeholder interaction and continuous learning.
How to Succeed
Strong verbal, writing, analytical, and interpersonal skills help you to ask the right questions and gather the necessary information. Good communication skills are essential to overcoming resistance. You are accurate, diligent, and describe yourself as a team player who is capable of working in international teams, coaching individuals, sharing specialist knowledge, and managing staff assignments.
Furthermore, you adhere to the ING values and align your behavior with these values. You are prepared to take the Banker’s Oath.
Skills Required
- Academic degree (MSc or PhD) in econometrics, mathematics, physics, or another quantitative topic; certification in Quantitative Risk Management is preferred.
- Minimum of 7 years of experience, with at least 5 years of relevant work experience within a major bank, financial institution, consultancy firm, or university.
- Thorough understanding of model risk management and its regulatory environment, applicable in domains like credit risk, market risk, and machine learning.
- Ability to apply well-known validation and test techniques for both regulatory and non-regulatory models.
- International experience in complex organizations with knowledge of ING’s business, risks, and associated model risk controls.
- Persuasive with the ability to ensure necessary buy-in from stakeholders.
- Organizationally sensitive and effective in conflict management.
- Fluent in English (fluency in other languages is appreciated).
- Preferably have a good understanding of internal audit processes, including identifying and evaluating key risks and process controls.
- Preferably possess good programming skills in Python, R, Matlab, or SAS.
- Willing to travel on an irregular basis for international audit support.
This vacancy closes without notice. Only shortlisted applicants will be contacted for an interview.
Rewards and Benefits
We want to ensure that you can strike the right balance between your career and private life. You can find out more about our employment conditions at https://careers.ing.com/en/benefits-NL.
- A salary tailored to your qualities and experience.
- A salary indication of 5.212 – 9.871 EUR based on 36 hours per week.
- Individual Savings Contribution (BIS), 3.5% of your gross annual salary.
- 8% Holiday payment.
- Hybrid working to blend home working for focus and office working for collaboration.
- Personal growth and challenging work with endless possibilities.
- An informal working environment with innovative colleagues.
About Us
With 60,000 employees and operations in approximately 40 countries, there are numerous opportunities for individuals who want to help others advance in life and business. If you wish to work at the cutting edge of what’s possible and maintain integrity while prioritizing customer interests, consider joining us at ING. Apply today.
Questions?
Contact the recruiter attached to the advertisement for more information. To apply directly, please upload your CV and motivation letter by clicking the “Apply” button.
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