Model Validator / Financial Risk IRRBB

at ING

📍 Warsaw, Poland

PLN 115,200-216,000 per year

MIDDLE

✅ On-site

✅ Visa Sponsorship

Tech Stack
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Details

ING Hubs Poland is hiring for a Model Validator role focused on Financial Risk and Interest Rate Risk in the Banking Book (IRRBB).

The role involves validating IRRBB and CSRBB models for banking books used by ING Group worldwide. The team assesses whether models are fit for their designated purpose based on mathematical assumptions, business contexts, academic theories, empirical evidence, regulations, best practices, and technological innovations.

Responsibilities

Perform high-quality model validations and summarize conclusions in well-written validation reports.
Collaborate with model developers, senior management, auditors, and the European Central Bank (ECB).
Keep up to date with developments in Asset and Liability Management (ALM), IRRBB, and CSRBB.
Attend and present at relevant conferences.
Improve coding libraries used for model validation.

Requirements

At least 1 year of experience in model development or model validation in Market Risk, Asset and Liability Management (ALM), or Interest Rate Risk in the Banking Book (IRRBB).
Knowledge of regulations related to interest rate risk management and model validation.
A quantitative background, with an MSc or PhD in a field such as Econometrics, Quantitative Methods, Quantitative Finance, Mathematics, Statistics, or Physics.
Fluency in spoken and written English.
Knowledge of Python, MATLAB, and R.
A genuine passion for continuous improvement.
Professional certifications such as FRM, PRM, or CFA are an advantage.

Team

Risk Hub Warsaw is part of the central risk team currently located in Amsterdam. The team is responsible for validating IRRBB and CSRBB models for banking books used by ING Group worldwide. The global ING job architecture role name is “Model Validator III”.