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About the Role
The Model Risk Management Expert will support the U.S. MoRM function in New York, ensuring models are fit-for-purpose and compliant with regulatory expectations. This role involves owning and maintaining the model inventory, leveraging AI tools, and partnering with business units and Head Office to ensure effective model risk management throughout the model lifecycle.
Responsibilities
- Support the U.S. MoRM function in New York to ensure models are fit-for-purpose for regional use and 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 ING Americas’ businesses and support functions, providing advisory to ensure sufficient 1st Model Line of Defense controls throughout the model life cycle.
- Partner with 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.
Requirements
- 7+ years of experience in first and / or second line risk management.
- Strong understanding of effective model life cycle.
- Strong experience working with or in model validation teams.
- Pragmatic understanding of what effective model validation is.
- Experience in wholesale banking.
- Proven capabilities of influencing and working with (multicultural) teams in a rapidly changing and regulatory-driven environment.
- U.S. regional experience.
- Strong understanding of the U.S. regulatory landscape and expectations.
- Well structured, autonomous, highly adaptive and team player.
- 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.
Skills
- Model Risk Management
- Risk Management
- Model Validation
- Wholesale Banking
- AI-enabled tools
- Communication
Location
- NYC
Work Type
- Hybrid
Experience Level
- Vice President
- 7+ years
Education Level
- Bachelor’s degree in finance, economics, mathematics, or related field.
Salary/Compensations
- $157,000-$198,000
Benefits
- Discretionary bonus program
- Comprehensive health benefits (including a $0 premium medical plan with HSA)
- Generous 401k savings plan
- Competitive PTO
- Adoption, surrogacy, and fertility services
- Student debt assistance
- Subsidies for expenses associated with commuting and fitness
About the Company
- In the Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.
- ING Americas follows a hybrid work model, allowing for in-office / work-from-home flexibility.
- 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.
Equal Opportunity
- ING is a committed equal opportunity employer.
- We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law.
- We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities.
- Come as you are.