ING Hubs Poland is hiring!
The expected salary for this position:
Specialist: 7 100 – 14 500 PLN gross
Senior Specialist: 9 600 – 18 000 PLN gross
The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.
ING Hubs is looking for a new team member to join the Bank-wide Market and Operational Risk Models Team. The vacancy is meant to support the Asset and Liability Model Development teams in Amsterdam, focused on behavioral and risk transfer models and tools.
We are looking for you, if you have:
- an academic degree (MSc or PhD preferred) in econometrics, quantitative finance, mathematics, physics, statistics, computer science or a related quantitative field
- proven experience in quantitative modelling within banking industry
- sound knowledge of interest rate risk management, in particular in relation to behavioral modelling (mortgage or savings models)
- strong statistical, quantitative, and problem-solving skills
- the ability to answer business questions with insightful analyses or modelling proposals
- experience with Agile way of working
You’ll get extra points for:
- experience with IRRBB modelling topics such as 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
Your responsibilities:
Depending on your seniority level, you will:
- Specialists: Contribute to model design, coding, and testing; participate in model submissions and internal reviews
- Senior Specialist: Lead certain modelling initiatives (such as monitoring, parameter recalibration, etc.), coordinate with validation and audit teams, ensure compliance with regulatory standards
Information about the Team:
The Mar&Ops Model department is an international team of highly qualified professionals. Our expertise lies in the development and management of market and operational risk models. The Risk Hub Warsaw model development team will be performing model development activities for models throughout ING, working closely together on international projects with the teams in Amsterdam.
The developed ALM models are core to the success of ING and include behavioral (e.g. prepayment), replication (hedging) and stress testing models. The models are used by all local Risk Management units within ING, as well as the Group Risk function.
As a specialist in ALM modelling, you will be given the opportunity to interact with senior stakeholders in the IRRBB area, 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".
Skills Required
- Academic degree in econometrics, quantitative finance, mathematics, physics, statistics, computer science, or a related quantitative field
- MSc or PhD degree
- Proven experience in quantitative modelling within the banking industry
- Knowledge of interest rate risk management, particularly behavioral modelling for mortgages or savings
- Strong statistical, quantitative, and problem-solving skills
- Ability to answer business questions with insightful analyses or modelling proposals
- Experience working in an Agile environment
- Experience with IRRBB modelling, behavioral modelling, replication portfolios, earnings-at-risk, or valuation frameworks
- Experience with databases, data modelling, data preparation, and data quality control
- Experience developing analytical solutions in Python or a similar programming language
What We Do
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
