IRRBB Modelling Specialist

ING Hubs B.V. sp. z o.o. Oddział w Polsce; Warszawa; On-site; PLN 79,000 - 201,000; Full time

Job summary

ING Hubs is seeking a new member for the Bank-wide Market and Operational Risk Models Team. The role supports the Asset and Liability Model Development teams in Amsterdam, focusing on behavioural and risk transfer models and tools.

Ideal candidates hold an MSc/PhD in a quantitative field, have banking modelling experience, and are proficient in statistics, data analysis, and Agile working, with exposure to international projects.

Qualifications

• An academic degree (MSc or PhD preferred) in econometrics, quantitative finance, mathematics, physics, statistics, computer science or a related quantitative field.
• Proven experience in quantitative modelling within banking industry.
• Sound knowledge of interest rate risk management, in particular in relation to behavioural modelling (mortgage or savings models).
• Strong statistical, quantitative, and problem‑solving skills.
• The ability to answer business questions with insightful analyses or modelling proposals
• Experience with Agile way of working

Responsibilities

• Specialists: Contribute to model design, coding, and testing; participate in model submissions and internal reviews
• Senior Specialist: Lead certain modelling initiatives (such as monitoring, parameter recalibration, etc.), coordinate with validation and audit teams, ensure compliance with regulatory standards

Skills

Quantitative modelling

Statistics

Agile methodologies

Problem solving

Data analysis

Education

MSc or PhD in quantitative field

Tools

Python

Databases

Data modelling

Data preparation

Job description

Salary

Specialist: 7 100 – 14 500 PLN gross

Senior Specialist: 9 600 – 18 000 PLN gross

The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.

Job Description

ING Hubs is looking for a new team member to join the Bank-wide Market and Operational Risk Models Team. The vacancy is meant to support the Asset and Liability Model Development teams in Amsterdam, focused on behavioral and risk transfer models and tools.

Requirements

• An academic degree (MSc or PhD preferred) in econometrics, quantitative finance, mathematics, physics, statistics, computer science or a related quantitative field
• Proven experience in quantitative modelling within banking industry
• Sound knowledge of interest rate risk management, in particular in relation to behavioural modelling (mortgage or savings models)
• Strong statistical, quantitative, and problem‑solving skills
• The ability to answer business questions with insightful analyses or modelling proposals
• Experience with Agile way of working

Bonus

• Experience with IRRBB modelling topics such as behavioural modelling, replication portfolios, earnings‑at‑risk and valuation frameworks
• Experience with databases, data modelling, data preparation, and data quality control
• Experience developing high-quality analytical solutions in Python or a similar language

Responsibilities

• Specialists: Contribute to model design, coding, and testing; participate in model submissions and internal reviews
• Senior Specialist: Lead certain modelling initiatives (such as monitoring, parameter recalibration, etc.), coordinate with validation and audit teams, ensure compliance with regulatory standards

Team Information

The Mar&Ops Model department is an international team of highly qualified professionals. Our expertise lies in the development and management of market and operational risk models. The Risk Hub Warsaw model development team will be performing model development activities for models throughout ING, working closely together on international projects with the teams in Amsterdam. The developed ALM models are core to the success of ING and include behavioural (e.g. prepayment), replication (hedging) and stress testing models. The models are used by all local Risk Management units within ING, as well as the Group Risk function. As a specialist in ALM modelling, you will be given the opportunity to interact with senior stakeholders in the IRRBB area, using state‑of‑the‑art modelling methods, tooling and data processing technologies. The role naming convention in the global ING job architecture will be “Model Developer II” or “Model Developer III”. We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries.

Culture

Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem‑solvers, and forward‑thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow.