at ING Bank
OtherPosted 10 days ago
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**Junior Model Developer** for ING Milan: support full model dev lifecycle, from methodology to monitoring. Key skills: STEM/economic degree, data modeling (Python, R, SAS), GenAI basics, banking regulation familiarity. Collaborate with experienced colleagues, contribute to analytics and team projects.
- Compensation
- Not specified
- City
- Milan
- Country
- Italy
Currency: Not specified
Full Job Description
ING is looking for graduates in STEM or economic disciplines to join the Bank-wide Credit Risk, ESG Risk development teams, or the Risk Strategy and Oversight group.
We are hiring resources to be based in Milan within the following departments:
Bankwide Credit Risk Models
ESG Risk Models
Risk Strategy and Oversight
We are seeking junior developers or recent graduates with a strong interest in model development within the banking and credit risk domain, willing to apply their quantitative and technical skills to support our model development teams.
Key responsibilities
Join a model development team and progressively take responsibility in supporting activities across the full model development lifecycle: methodology definition/application, data collection and analysis, development, calibration, documentation, and monitoring
Contribute to interactions with supervisory authorities and collaborate on testing, validation, internal audit, and production release activities
Work closely with experienced colleagues throughout the model lifecycle
Contribute to portfolio and in-depth analyses supporting both business-as-usual model usage and ad-hoc initiatives requiring advanced understanding of model functioning
Who we are looking for
Masters degree or PhD, preferably in Econometrics, Physics, Statistics, Mathematics, or Engineering
Ability to read and interpret data using office tools, programming languages, and GenAI tools; practical knowledge of GenAI is considered a plus
Basic knowledge of the banking regulatory framework (ECB, EBA) is a plus
Strong knowledge of data modelling and coding tools (Python, R, SAS)
Good communication skills
Strong analytical and problem-solving capabilities, with solid execution skills
Creative and innovative mindset
Team player
Good command of English
