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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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.

Mathematics @ 3 Matlab @ 3 Python @ 3 R @ 3 Statistics @ 3

Details

ING Hubs Poland is hiring a Model Validator for financial risk models in the Interest Rate Risk in the Banking Book (IRRBB) area. The role focuses on validating IRRBB and CSRBB models used by ING Group worldwide.

The expected salary for this position is 9,600–18,000 PLN gross per month. The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.

Responsibilities

Perform high-quality model validations and summarize conclusions in well-written validation reports that provide value to stakeholders.
Align with model developers, senior management, auditors, and the European Central Bank (ECB).
Keep up to date with the latest developments in Asset and Liability Management (ALM), Interest Rate Risk in the Banking Book (IRRBB), and Credit Spread Risk in the Banking Book (CSRBB).
Visit and present at conferences.
Improve coding libraries used for model validation.
Assess whether models are fit for their designated purpose based on mathematical assumptions, appropriate business contexts, academic theories, empirical evidence, regulations, best practices, and technological innovations.

Requirements

At least 2 years 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.

Additional Qualifications

Professional certifications such as FRM, PRM, or CFA are advantageous.

Team

Risk Hub Warsaw is part of a 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 role naming convention in the global ING job architecture will be “Model Validator III”.