ING

Digital banking and sustainable lending

Model Validator / Financial Risk IRRBB

Quantitative RiskConfirmed live in the last 24 hours

Full-timeWarsaw, PolandPLN9.6k - PLN18kIn-person

About the Job

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 associated with managing interest rate risk and model validation.
A quantitative background and an MSc or PhD degree in Econometrics, Quantitative Methods, Quantitative Finance, Mathematics, Statistics, or Physics.
Fluent spoken and written English.
Knowledge of Python, Matlab, and R.

Responsibilities

Perform high-quality 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 abreast of the latest ALM, IRRBB, and CSRBB developments and visit or present at conferences.
Improve coding libraries used for model validation.

Desired Qualifications

Professional certifications such as FRM, PRM, or CFA.

ING Hubs Poland is hiring!

The expected salary for this position: 9600 - 18 000 PLN gross

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 2 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 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 and visiting/presenting at conferences.
Improving our coding libraries used for model validation.

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 III”.

About the Company

ING

Digital banking and sustainable lending

ING provides digital banking and financial services to individuals and businesses worldwide. Its products and services include online and mobile banking, lending, payments, and advisory services designed to be frictionless so customers can make confident financial decisions. ING differentiates itself by focusing on sustainable choices, responsible lending, and sharing knowledge to help customers and partners realize their visions for a better future. The bank emphasizes empowerment over judgment and aims to finance change, partner with customers, and continuously innovate in a sustainable way. Its goal is to help people and businesses progress toward their goals while reducing barriers and making banking easier and more responsible.

Company size: 10,001+
Company stage: IPO
Headquarters: Amsterdam, Netherlands
Founded: 1991

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