Vice President, Model Risk Management

ING•New York, NY

5d•$157,000 - $198,000•Hybrid

About The Position

ING’s U.S. Model Risk Management (MoRM) department sits within the U.S. Chief Risk Office and implements ING’s global MoRM framework and tooling for models used across ING Americas. The department oversees, monitors, and reports on model risks, working with global stakeholders across business units and risk functions. The Model Risk Management Expert will report to the U.S. Head of MoRM and support the U.S. MoRM function in New York, helping ensure models are fit for regional use and compliant with applicable U.S. and EU ECB regulatory expectations. The role also maintains the regional model inventory, advises businesses and support functions on model lifecycle controls, and partners with Head Office’s Model Validation Center of Excellence. ING Americas follows a hybrid work model, with arrangements varying by business area.

Requirements

At least 7 years of experience in first- and/or second-line risk management.
Strong understanding of effective model life cycle management.
Strong experience working with or in model validation teams and a pragmatic understanding of effective model validation.
Experience in wholesale banking.
Proven ability to influence and work with multicultural teams in a rapidly changing, regulatory-driven environment.
U.S. regional experience and a strong understanding of the U.S. regulatory landscape and expectations.
Bachelor’s degree in finance, economics, mathematics, or a related field.
Strong ability to translate analytics into strategic insights and actionable recommendations.
Excellent communication skills, including the ability to explain complex concepts.
High level of self-awareness.
Well-structured, autonomous, highly adaptive, and a team player.

Responsibilities

Support the U.S. MoRM function in New York to ensure models are fit for regional use and comply with relevant U.S. and EU ECB regulatory expectations.
Own and maintain ING Americas’ model inventory in the iModel model risk management tool and conduct the regional model inventory attestation process.
Leverage AI-enabled tools to enhance model risk activities.
Partner strategically with ING Americas’ businesses and support functions, providing advice to ensure sufficient first 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 Americas’ business and regulatory requirements.
Keep abreast of external developments, best practices, and regulations and translate them into tangible actions.