Risk | U.S. Model Risk Management | Model Risk Management Expert, Vice President | NYCAbout the department:U.S. Model Risk Management (MoRM) is a department within the U.S. Chief Risk Office (CRO) domain and is responsible for the implementation of ING's global MoRM framework and tooling whose scope covers all models used within ING Americas. The department oversees, monitors, and reports on model risks. Key stakeholders for U.S. MoRM include a wide range of global cross-function groups (business units, risk functions, etc.). The Model Risk Management Expert will report to the U.S. Head of MoRM.
Responsibilities:- Support the U.S. MoRM function in New York to ensure models are (i) fit-for-purpose for regional use, and (ii) compliant with all relevant U.S. and EU ECB regulatory expectations.
- Own and maintain ING Americas model inventory within model risk management's tooling (iModel). Conduct the regional model inventory attestation process.
- Leverage AI-enabled tools to enhance model risk activities.
- Become a strategic partner to (i) ING Americas' businesses and support functions and provide advisory to ensure sufficient 1st Model Line of Defense controls throughout the model life cycle, and (ii) Head Office's Model Validation Center of Excellence to ensure validation activities are commensurate with ING America's business and regulatory requirements.
- Keep abreast of relevant external developments, best practices and regulations and translate those to tangible actions.
Qualifications and Competencies:ING is looking for an inspiring, curious Model Risk professional with experience in banking and deep expertise in effective risk management. As a MoRM Expert, you'll take a holistic perspective to further shape the future of MoRM.
- 7+ years of experience in first and / or second line risk management, and strong understanding of effective model life cycle.
- Have strong experience working with or in model validation teams and a pragmatic understanding of what effective model validation is.
- Experience in wholesale banking with proven capabilities of influencing and working with (multicultural) teams in a rapidly changing and regulatory-driven environment.
- Have U.S. regional experience and a strong understanding of the U.S. regulatory landscape and expectations.
- Well structured, autonomous, highly adaptive and team player.
- Bachelor's degree in finance, economics, mathematics, or related field.
- Demonstrate a high level of self-awareness.
- Strong ability to translate analytics into strategic insights and actionable recommendations.
- Excellent communication skills, including the ability to explain complex concepts.
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Salary Range $157,000-$198,000
The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.
In addition to comprehensive health benefits (including a $0 premium medical plan with HSA), a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.
ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.undefined
