ING Australia are recruiting a Head of Credit Risk Modelling which is a key leadership role within our newly formed Modelling CoE under the Integrative Risk function.
The role is responsible for a team of 13‐20 specialist modelers under two Senior Managers and leads the strategic direction, development, and governance of credit risk models across the retail and wholesale bank portfolio, ensuring that all modelling activities align with regulatory expectations (APRA, EBA), internal governance standards, and business objectives.
You will play a critical role in supervising the development of IRB and IFRS9 and Credit decision models, driving innovation in modelling practices, and representing the modelling function in senior leadership and regulatory forums. The role requires strong leadership, technical expertise, and the ability to translate complex modelling outcomes into actionable insights for decision‐makers.
Your ability to navigate senior stakeholder relations is critical as you will be the main point of contact for all modelling conversations with Board members, Exco, regulators (APRA, ECB, JST) and internal stakeholders (Tribe leads, Finance, Support function leads) to communicate modelling strategy (Tribe leads and Heads of Business & Operations) and outcomes.
This is the first time ING Australia has had a modelling centre of excellence and you will have the chance to guide, shape and build the success of the team, creating a lasting legacy in the modelling function at ING. ING is going through a huge growth phase in Australia, and we want to use models as the driver for that growth. You will be one of the key factors in making that happen.
What you'll do
* Provide strategic direction for the modelling team, ensuring alignment with regulatory and business objectives
* Supervise development of IRB & IFRS9 models (PD, LGD, EAD), Credit decision models, and ensure regulatory compliance where required
* Ensure modelling practices meet APRA, EBA, and internal standards
* Lead and mentor two Senior Managers, manage team resources, and oversee performance planning
What we're looking for
* 10+ years of quantitative credit model development experience.
* 5+ years of experience leading specialist quantitative modelling teams.
* SAS, R, Python or SQL coding skills. Advanced knowledge of retail credit risk/decision models.
* Knowledge of prudential standards for retail credit portfolios.
* Understanding of Basel capital framework and IFRS 9.
* 'Early Warning System' and credit decisioning experience.
* Strong leadership & staff/resource management skills.
* Ability to critically analyse complicated model outputs and provide challenges/recommendations.
What's in it for you?
* Discounted ING Health Insurance
* An additional Rest Day to support your wellbeing
* An IMPACT day to volunteer on approved sustainability activity
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