Model Validator / Financial Risk IRRBB

ING Hubs Poland; Warszawa; On-site; PLN 107,000 - 201,000; Full time

Job summary

ING Hubs Poland in Warsaw is seeking a skilled Model Validator III to join Risk Hub Warsaw. You will validate models used for banking books and coordinate with developers, management, and auditors.

The role requires 2+ years in model validation, a strong quantitative background, and proficiency in Python, MATLAB, and R. English fluency is essential. This is a full-time, on-site position offering growth and exposure to global ING standards.

Qualifications

• 2+ years of experience in model development or model validation in Market Risk/ALM/IRRBB.
• Knowledge of regulations related to interest rate risk and model validation.
• Quantitative background with MSc/PhD in relevant fields.

Responsibilities

• Perform high quality validations and summarize conclusions in validation reports for stakeholders.
• Stay updated with ALM/IRRBB/CSRBB developments and present at conferences.
• Improve coding libraries used for model validation.

Skills

Python

MATLAB

R

English fluency

Education

MSc or PhD in Econometrics/Quantitative Finance/Mathematics/Statistics/Physics

Tools

Validation libraries

Job description

ING Hubs Poland is hiring!

The expected salary for this position: 9600 - 18 000 PLN gross.

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

We Are Looking For You If

• You have at least 2 years of experience in model development or model validation in the area of Market Risk, Asset and Liability Management (ALM), Interest Rate Risk in the Banking Book (IRRBB).
• You have knowledge of regulations associated with managing the interest rate risk and model validation.
• You have a quantitative background, (MSc or PhD degree) in e.g. Econometrics, Quantitative Methods, Quantitative Finance, Mathematics, Statistics or Physics.
• You communicate in English fluently, both verbally and in writing.
• You know programming languages: Python, Matlab, R.
• You have a genuine passion for continuously improving.

You’ll Get Extra Points For

• Professional certifications (e.g. FRM, PRM, CFA)

Your Responsibilities

• Performing high quality validations and summarizing your conclusions in well-written validation reports that bring value to our stakeholders. You align with e.g. model developers, senior management, auditors, ECB.
• Keeping abreast with the latest ALM / IRRBB / CSRBB developments and visiting/presenting at conferences.
• Improving our coding libraries used for model validation.

Information About The Team

Risk Hub Warsaw was created as a part of central risk team currently located in Amsterdam. We are responsible for validating IRRBB and CSRBB models for banking books used by ING Group worldwide. Our core mandate is to address whether a particular model is fit for its designated purpose, based on mathematical assumptions, appropriate business contexts, academic theories, and empirical evidence, and is properly adherent to regulations, best practices, and the latest technological innovations.

The role naming convention in the global ING job architecture will be "Model Validator III".