IT Area Lead - Modelling

ING is looking for an experienced IT Area Lead for the Modelling Area with a passion for Risk, Innovation and Delivery.

Setting of the Modelling Area:

The Modelling Area is responsible for the support of the different life cycles of Risk Models. The Risk Models implement regulatory required policies related to a.o. Probability of Default, Exposure At Default, Loss Given Default, IFRS9, Credit Risk Economic Capital.

Important Model Life Cycle stages touching IT are:

Data Collection, get the data which might be used in a model for good predictions. Model Development, creation of the model (nb the build of risk models is not IT development). Model Validation, independent internal check if the model is correct. Model Implementation, implement the model at production in executional form. Model Monitoring, before go live monitor predictions and real results. Model Periodic Validation, after go live monitor at regular interval predictions and real results.

Of these Model Life Cycle steps only Model Implementation is in scope of the Modelling Area, e.g. the engineers doing the implementation are in the Area. The other Model Life Cycle steps are executed by other departments (up to 1,000 FTE involved) while merely executed on IT platforms the Modelling Area supports.

The bigger chunks of work from an engineering perspective:

Support Modelling Exploration platforms Vortex Advanced Analytics (SAS 9.4) and ModelING Platform SAS VIYA 3.5. In Exploration the Model Life Cycle stages Data Collection, Model Development, Model Validation, Model Monitoring and Model Periodic Validation are supported. Both platforms will migrate to Model Platform SAS VIYA 4.0 on Azure. Support of Modelling Runtime platform will also be on SAS Viya 4.0. In Runtime the Model Life Cycle stage Model Implementation is supported.

Support Model Apps (models as independent applications) on our in-house built Python platform. Support SAS Visual Analytics as reporting tool on top of our core Credit Risk system.

There are 30 FTE in ING NL, 10 FTE in SSI India and 20 FTE in ING Poland.

It’s an Area in the bigger Global Risk department.

The challenges of the Modelling Area

The Modelling Tribe and Area operate in a very challenging environment and act as critical part of a long End2End delivery chain. Key topics:

ING need to renew Basel III IRB models and the first new models on the new ModelING Platform are implemented in 2023. In a few years 26 different l need to be implemented. SAS VIYA 3.5 migration to MP SAS VIYA 4.0 on top of Azure. Once SAS VIYA 3.5 migration is completed the VAA SAS 9.4 migration to SAS VIYA 4.0 needs to happen.

Profile

The first key requirement is that we need an experienced manager at IT Area Lead level, e.g. it can be a second IT Area Lead position or there is a clear track record showing the required capabilities.

On top of that the focus will be on:

Strong technical background to support the upcoming transition. Stakeholder management and building strong working relationships with COO Risk and Model Risk Management are essential for success. Background in Finance, Risk and Data Warehouses is a plus. Candidates with clear Modelling experience will have a preference. Experience with sourcing. Experience in working in an international global environment. Good delivery track record, entrepreneurial. Inspirational, leader, accessible and enthusiastic.

Rewards & Benefits

We want to make sure that it's possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions at [https://www.ing.jobs/netherlands/Why-ING/benefits.htm>

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience.
• 24-27 vacation days depending on the contract.
• Pension scheme.
• 13th-month salary.
• 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 and co-creation.
• 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 is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what's possible and at the same time ensure you work with integrity and hold the customer's interests at heart? Do you want to be surrounded by progressive, inspiring, diverse, and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.