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- 1-2 — basic awareness. Minimal hands-on experience, and a rudimentary understanding of the technology's purpose;
- 3-6 — daily use. Comfortable and regular usage, capable of handling common tasks and challenges related to the technology;
- 7-9 — you are an expert, you can teach others, you know all the pitfalls and tricks;
- 10 — exceptional knowledge, comprehensive understanding, and adeptness in all aspects of the technology, including advanced problem-solving. Think twice before claiming or demanding such level.
Details
ING Hubs Poland is hiring for a position supporting the Bank-wide Market and Operational Risk Models Team. The role supports the Asset and Liability Model Development teams in Amsterdam, focusing on behavioral and risk transfer models and tools.
Salary
- Specialist: PLN 7,100–14,500 gross per month
- Senior Specialist: PLN 9,600–18,000 gross per month
- The financial ranges specified in the announcement are adjusted and may differ from the ranges specified in the remuneration regulations.
Responsibilities
Depending on seniority level:
- Contribute to model design, coding, and testing.
- Participate in model submissions and internal reviews.
- Lead modelling initiatives such as monitoring and parameter recalibration.
- Coordinate with validation and audit teams.
- Ensure compliance with regulatory standards.
Requirements
- Academic degree, preferably an MSc or PhD, in econometrics, quantitative finance, mathematics, physics, statistics, computer science, or a related quantitative field.
- Proven experience in quantitative modelling within the banking industry.
- Sound knowledge of interest rate risk management, particularly behavioral modelling involving mortgage or savings models.
- Strong statistical, quantitative, and problem-solving skills.
- Ability to answer business questions with insightful analyses or modelling proposals.
- Experience working in an Agile environment.
Preferred Qualifications
- Experience with IRRBB modelling topics, including behavioral 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.
Team
The Market and Operational Risk Models department is an international team focused on developing and managing market and operational risk models. The Risk Hub Warsaw model development team performs model development activities for models throughout ING and works on international projects with teams in Amsterdam.
The developed Asset and Liability Management models include behavioral models such as prepayment models, replication or hedging models, and stress-testing models. These models are used by local Risk Management units across ING and by the Group Risk function.
The role provides opportunities to interact with senior stakeholders in the IRRBB area while 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”.