ESG Modeling Analyst

At ING, we recognize the need, and our responsibility, to take impactful actions to address climate risks and opportunities. That is why in 2021 we set the ambitious goal of aligning our lending portfolio with a net-zero future by 2050 or sooner.

To do our part to help the world achieve the goals of the Paris Agreement, ING is focused on driving responsible climate choices within the organization and beyond. As a part of this commitment, ING has established an environmental, social, and governance (ESG) risk department to identify, assess, quantify and measure the risk that need to be reflected in the bank’s risk appetite.

The team

The ESG Risk team is a team dedicated to assessing and managing ESG risk across the bank, both from an inside-out and outside-in perspective. Following societal awareness and regulatory scrutiny on ESG, the team is taking on the challenge to embed ESG Risk across all parts of the organization, seen as a driver of traditional risk types. Candidates will have the opportunity to work across a wide variety of ESG-related projects, ranging from developing climate risk models and methodology to steer ING’s portfolio and risk management practices to interpreting and embedding upcoming regulatory requirements (e.g. CSRD, EUT, etc). Candidates should be able to meet tight deadlines and work well in a continuously evolving environment.

Roles and responsibilities

The ESG risk department which is part of the CRO domain is growing and requires outstanding, innovative, and engaging professionals to join our team. The focus of the team is set on:

Risk identification : classifying assets according to their ESG characteristics in order to support the identification of ESG risks based on specific qualitative and quantitative indicators.

Evaluation : Develop methodologies, policies and processes to measure and assess the potential impact of ESG risks on ING’s exposure.

Action : Based on the results derived from the evaluation , subsequent action s to incorporate ESG risks through the adoption of a business strategy and risk management approach that support the monitoring and control of ESG risks, including targets and limits, changes in the underwriting criteria as well as any changes to the organisational set-up of ING when appropriate.

We aim to help the bank understand the environment in which it operates and identify the actions that could be taken in order to manage the risk effectively .