Senior Model Validator / Financial Risk IRRBB

ING; Warszawa; On-site; PLN 145,000 - 246,000; Full time

Job summary

ING Hubs Poland is seeking an experienced Model Validator IV to join the Risk Hub in Warsaw. The role focuses on validating IRRBB/CSRBB models, with oversight on quality and regulatory alignment, and collaboration with model developers and auditors.

We seek 4+ years in model validation, a strong quantitative background (MSc/PhD), fluent English, and programming skills (Python/Matlab/R) with a continuous-improvement mindset; financial risk staff operate in a fast-paced, complex environment.

Qualifications

• At least 4 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 (MSc/PhD) in Econometrics, Quantitative Methods, Quantitative Finance, Mathematics, Statistics or Physics.
• Fluency in English (verbal and written).
• Programming skills in Python, Matlab, and R.
• Strong drive for continuous improvement.

Responsibilities

• Perform high-quality validations, including leading roles, and summarize conclusions in validation reports for stakeholders.
• Stay updated with latest ALM/IRRBB/CSRBB developments.
• Contribute to improvements in validation processes, frameworks, and tooling, including automation initiatives.

Skills

Model validation

Python

Matlab

R

English (fluent)

Quant mindset

Education

MSc in Econometrics/Quantitative Finance/Math/Statistics/Physics

PhD in a quantitative field

Job description

ING Hubs Poland is hiring!

The expected salary for this position: 13 000 – 22 000 PLN

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 4 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 (also as a lead) 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,
• Contribute to ongoing improvements in validation processes, frameworks, and tooling, including automation initiatives.

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 IV”.