At ING Tech Poland and ING group we follow the Agile approach and mindset. We use flexible frameworks like Scrum and Kanban at our everyday work. We are innovative and we trust people we work with. The broad autonomy our employees have, stimulates motivation and creativity what allows us to adapt to the changing requirements of business partners. Small units called squads are the core of our organization. They have clear vision of products, overcome challenges autonomously and based on team cooperation, work out the most flexible and effective way of working.
Risk Hub Warsaw was created as a part of central risk team currently located in Amsterdam. In Warsaw we are building following chapters:
We are new organization currently creating our work culture and way of working our task is to set new standards for entire risk team.
People in Model Validation chapter assesses whether models are appropriate for intended use and compliant with internal policies and external regulations. Our goal is to increase the ING’s understanding of a model’s limitations & weaknesses and contribute to ongoing model improvement to ensure the added value of models. Together with the team in Amsterdam you will be validating models used for regulatory capital (Internal Rating Based approach) and loan loss provisioning (IFRS9), covering all components of the models for any type of portfolio globally. In addition, the team has the ambition to expend the scope to credit decision models such as underwriting models, loan pricing and early-warning systems. We use statistical techniques, amended with qualitative analyses, to assess the quality of the models and the appropriate use by the model stakeholders. Our reports are presented to Senior Management on group level to make decision on the ongoing use of models or approval of new models. Our reports are also shared frequently with external regulators (ECB), internal and external audit.