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Abstract El Niño‐Southern Oscillation (ENSO) is often considered as a source of long‐term predictability for extreme events via its teleconnection patterns. However, given that its characteristic cycle varies from two to 7 years, it is difficult to obtain statistically significant conclusions based on observational periods spanning only a few decades. To overcome this, we apply the global flood risk modeling framework developed by Carozza and Boudreault to an equivalent of 1,600 years of bias‐corrected General Circulation Model outputs. The results show substantial anomalies in flood occurrences and impacts for El Niño and La Niña when compared to the all‐year baseline. We were able to obtain a larger global coverage of statistically significant results than previous studies limited to observational data. Asymmetries in anomalies for both ENSO phases show a larger global influence of El Niño than La Niña on flood hazard and risk. , Plain Language Summary El Niño‐Southern Oscillation (ENSO) is one of the most important global climate phenomena. It is well‐known to affect precipitation and temperature in many areas of the world. It is therefore very important for researchers (environmental and climate sciences, economics, etc.), risk managers, decision‐ and policy‐makers to understand the influence of ENSO on flooding. Previous studies analyzed the link between ENSO and flooding but because they were based upon 40 years of data, a lot of uncertainties remained as to how ENSO has any significance on flooding. In this study, we use outputs from a climate model large ensemble that provides 1,600 years of simulated data to determine the impacts of ENSO on flooding. But because it is very difficult to run traditional flood models on 1,600 years of data, we rather leverage a machine learning approach to accelerate computations in a context where the focus is on socioeconomic impacts. We find that ENSO is a significant driver of flooding in more regions than what was previously found. Finally, there appears to be a greater global influence of El Niño than La Niña on flooding. , Key Points We simulated an equivalent of 1,600 years of realistic flood events globally using a statistical model forced with climate model outputs We found a statistically significant ( α = 0.05) influence of El Niño‐Southern Oscillation (ENSO) over 55% of land area for flood occurrence and over 69% for flood impact Asymmetries in anomalies for both ENSO phases show a larger global influence of El Niño than La Niña on flood hazard and risk