Full TimeENEurope
This vacancy was posted internally before (1-4-2026 / 10-4-2026)
Team description
As a Product Owner within the Model Validation Financial Risk (MVFR) team, you play a crucial role in safeguarding ING’s financial stability by ensuring that models used for banking book risks are robust, compliant, and fit for purpose via timely validations, among others. You will work alongside high-value specialists in a dynamic, global environment, facing evolving regulatory requirements and strategic challenges.
Specific Function
Model Risk Management (MoRM) in a nutshell; Models are an imperfect reflection of reality. Models impact our business and we use models for decision making throughout ING. We need to manage uncertainties and shortcomings in our models, as there are risks involved. Are we sure that the output leads to the right decision? Models are a great asset but come with a risk that needs to be managed. The purpose of the Model Risk Management department is to ensure that models drive business value safely. That's why we've created a cross-domain Model Risk Management Framework helping us identifying, classifying, recording and validating models we use across ING. For example, Credit, Market, KYC, Operational and Pricing models. Together with our stakeholders in e.g. Model Development and COO Risk we try to obtain the best models for ING.
Job description
Your primary responsibility is to coordinate and oversee the operational planning and project management of model validation activities related to banking book risk models, i.e. mainly interest rate risk in the banking book (IRRBB), credit spread risk in the banking book (CSRBB) and liquidity risk models, including stress testing and economic capital models (“ICLAAP” models). You ensure that projects are delivered on time, resources are optimised, and stakeholders are kept informed and engaged. You facilitate collaboration across teams and locations, driving continuous improvement and innovation in validation frameworks and processes, among others.
Specific Tasks and Responsibilities
Coordinate the (shifting) planning and execution of model validation projects within budgets, ensuring timely delivery and adherence to quality standards.
Develop and maintain operational plans for the team, aligning resource allocations and activities with strategic objectives.
Manage project timelines, budgets, and deliverables, proactively identifying and resolving impediments.
Facilitate communication and collaboration between model validators, chapter leads, and other stakeholders.
Support the development and implementation of innovative validation frameworks, automation initiatives and other non-validation activities.
Serve as the Area’s “Project Management Office” with dashboards for key strategic deliveries.
Prepare and present project updates, reports, and findings to committees and senior stakeholders.
Drive continuous improvement by identifying opportunities to enhance processes, efficiency, and team effectiveness.
Build and maintain constructive relationships with internal teams (Model Development, Risk Management, Audit) and external parties (regulators, auditors).
Ensure cross-chapter consistency and foster a culture of knowledge sharing and best practice adoption.
Specific Knowledge and Experience
University master’s degree or equivalent, preferably with a quantitative or technical focus.
Experience in project management (using tools/systems), operational planning, or coordination within financial services or risk management.
Familiarity with model validation/development, risk management, and regulatory requirements is an advantage.
Strong organisational, communication, and stakeholder management skills.
Ability to manage multiple priorities and projects in a fast-paced, changing environment.
Collaborative mindset and experience working in cross-functional teams.
Proactive approach to problem-solving and continuous improvement.
Reporting Line and Classification
Model Validator Market Risk reports hierarchically to Area Lead Banking Book Risks located in Amsterdam. You will be part of the leadership team of the MV FR tribe, contributing to strategy and driving its execution.
This position is classified as: GJA 18 | JG 12 – Job Title: Product Manager IV | Job Family Group: Change Execution | Job Family: Transformation
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:
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Questions?
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