Senior Model Validator / Financial Risk IRRBB

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

Job summary

ING Hubs Poland is seeking a Model Validator IV to join the Risk Hub Warsaw. You will lead validations of risk models used for banking books, ensuring mathematical soundness, regulatory compliance and robust documentation.

The role requires 4+ years in model development/validation, a MSc/PhD in quantitative fields, and fluency in English. Proficiency in Python, Matlab, or R is essential as we advance automation and quality controls.

Qualifications

• 4+ years of experience in model development or validation in Market Risk, ALM, IRRBB.
• Knowledge of regulations related to interest rate risk and model validation.
• Quantitative background with strong analytical skills.
• Fluent in English (verbal and written).
• Programming in Python, Matlab or R is required.

Responsibilities

• Perform and lead high-quality validations and summarize conclusions in validation reports.
• Coordinate with model developers, senior management and auditors.
• Stay updated on ALM/IRRBB/CSRBB developments and help automate validation processes.

Skills

Python

Matlab

R

English (fluent)

Education

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

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".