Market Risk Model Validation Expert (ALM / IRRBB) [rekrutacja online]
Miejsce pracy: Warszawa

Join the best ALM / IRRBB validation team in Poland, where you will have a possibility to explore and challenge top-notch models and work with world-class experts in the field. We specialize in modelling the interest rate risk in the banking book such as behavioral, interest rates, valuation, replication/hedging and risk measurement models.


We are looking for you if:
  • You have at least 5-8 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 practical knowledge as well as understanding 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 high quality standards, you are organised & persuasive.
  • You have a genuine passion for continuously improving yourself and your team.
You will get extra points for:
  • Experience in Agile.
  • Experience in knowledge sharing with younger team members.
  • Experience with adequate, effective stakeholder management, as well as auditors, regulators and onsite inspections.
  • Certificates: FRM, PRM, CQF or BTRM.
Your future duties:
  • 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.
  • Taking responsibility for the quality of end-deliverables of other chapter members of the projects you supervise (e.g. validations, policy work).
  • Keeping abreast with the latest IRRBB/ALM developments and visiting/presenting at conferences.
  • (Pro-actively) sharing your knowledge with other team members.
  • Joining the Tribe & Chapter Leads to model approval committees, audits & onsite ECB inspections, where you present validation reports.
  • Setting & improving on our validation standards/frameworks/coding libraries etc.
  • As a recognized expert in your field of expertise, you advise on a strategic level. Building bridges with the business, aiming to further understand the model (context), use and therewith enhance our added value (while maintaining MV’s independence).
We offer:
  • A position where you will be empowered to have a true impact on ING’s future model landscape and contribute to further implementing our innovative Think Forward strategy.
  • An exposure to world-class models in the area of IRRBB/ALM.
  • A competitive salary tailored to your skills, competences, experience and performance.
  • A flexible work environment, with the possibility of working from home.
  • Time and support for personal development, including courses.
  • An innovative, expanding working environment, also internationally, creating ample opportunities for further development.
  • A progressive way of working according to the Agile method, so that new ideas come to life incrementally.
Information about the squad:
  • The IRRBB Model Validation chapter is currently expanding to its target size of 10 members.
  • The chapter is located in Warsaw and will work closely with the headquarter in Amsterdam.
  • The chapter is part of ING’s global Model Risk Management domain (MoRM), which consists of multiple Model Validation teams (i.e. “chapters”, each focusing on a main risk area(s)) and Model Risk Oversight, located both in Amsterdam and Warsaw.
  • ING is a global and highly innovative market player and IRRBB Model Validation is a Global function across two location responsible for validating Global models.
  • contract of employment
    type of contract
  • 8:00 - 16:00
    work hours
  • Konduktorska 35, Katowice
    Zajęcza 4, Warszawa
    this is the location of our office
Scope of duties
60%- Administration of the platform
20%- Implementation of ING security polices in data analytics applications
20%-Research&development of data analytics methods, tools and applications


Other requirements
  • Very good skills in team working,
  • Responsibility, keeping commitments,
  • Commitment and openness to change,
  • Willingness to occasional traveling.
Your development
  • professional development
  • certificates and knowledge development
  • training budget
  • access to the newest technologies
  • international projects
  • free English courses
Your health, well-being and family
  • provate medical care
  • 50% funded Multisport Card
  • bicycle parking
  • chillout rooms
  • integration events and Stay Fit program
Working conditiions
  • stability of employement
  • fully equipped workstations
  • kitchen
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