Do you thrive on solving complex quantitative challenges and want to make an impact in financial markets? At ING, we’re looking for a Model Developer with XVA and CCR expertise to join our Risk Trading Quant Team. This is your chance to work on cutting-edge risk models in a dynamic, international environment where curiosity and innovation are celebrated.

The team

You’ll be part of an energetic, highly qualified international team within the Integrated Risk Model Development department. Our focus is on Trading Risk models, including Valuation Risk and Counterparty Credit Risk (CCR) for the Trading Book. The department consists of multiple expert teams covering Trading Risk, Credit Risk, and Market Risk models. Within Trading Risk Quants, we specialize in Financial Markets modelling across asset classes: IR/INF, EQ/COM, FX/CR, and XVA/CCR. Your sub-team will concentrate on XVA pricing and CCR risk, collaborating closely with risk managers and traders to deliver robust, innovative solutions.

Roles and responsibilities

As a Model Developer, you will design and implement methodologies that underpin ING’s trading risk framework. Your work will directly influence risk management and valuation practices across the bank. You will:

Design Counterparty Credit Risk models (PFE/EAD modelling and backtesting procedures) and implement them in our benchmark library.

Perform production system implementation checks or implement models directly in production systems.

Develop valuation adjustment models to account for model risk uncertainty in XVA and implement these adjustments in production.

Design and implement model monitoring methodologies.

Contribute to Trading Risk methodologies, such as VaR scenario specifications and Risk Not in Model.

Provide quantitative support to risk managers and traders, integrating new products and pricing models into existing frameworks.

Develop tools to analyze model choices and methodologies for P&L explainers or market data proxies.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

To excel in this role, you bring:

A PhD (or MSc with additional relevant experience) in a quantitative field such as mathematics, physics, statistics, or econometrics.

At least 5 years of experience in:

Market Risk or Counterparty Credit Risk models and their implementation in Python and/or C++.

Derivatives pricing in one or more asset classes (Interest Rate & Inflation, FX, Credit, Equity, Commodities, and/or XVA), including model implementation.

Familiarity with key regulatory frameworks (CRR Market Risk, FRTB, Prudent Valuation).

Experience with production systems is a plus.

Strong communication skills and fluency in English.

A constructive, proactive attitude and ability to work collaboratively in a team.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions. The benefits of working with us at ING include:

A salary tailored to your qualities and experience

25–28 vacation days depending on contract

Pension scheme

13th month salary

8% Holiday payment

Mobility card

Hybrid working

Personal growth and challenging work with endless possibilities

An informal working environment with innovative colleagues

Aboutus

Curious about how ING empowers people and businesses to move forward? Discover what we do and what we can offer you.

Questions

Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.