Model Validation Financial Risk (Pricing and Valuation) - Senior Specialist

Model Validator III - ING Hubs Poland

Salary: 10 000 - 18 000 PLN (adjusted and may differ from remuneration regulations).

We are looking for a highly analytical professional with a quantitative background (MSc or Ph.D. in Econometrics, Quantitative Finance, Mathematics, Statistics, Physics) and at least 3 years experience in financial risk modelling, model validation, and/or model risk management within banking and/or trading domains (1st & 2nd line of defense).

Required knowledge includes financial engineering, statistics, mathematics, econometrics, probability, pricing models, market risk models (e.g., VaR, sVaR, Expected Shortfall, FRTB) and/or counterparty credit risk (e.g., SIMM, CVA, PFE calculation). You should exhibit attention to detail, high quality work delivery, effective communication and stakeholder management skills, ability to manage multiple priorities in a fast‑changing environment, continuous improvement mindset, and openness to innovation.

Responsibilities

• Conduct timely, high‑quality model validations in line with external regulations, internal policies, and model validation frameworks.
• Assist senior team members to challenge 1st MLoD on their level of model risk.
• Prepare validation reports and present findings to committees and stakeholders, ensuring transparency and clarity.
• Participate in thematic reviews and provide expert advice to internal stakeholders on model risk issues.
• Support the development and implementation of innovative validation frameworks and contribute to automation initiatives.
• Collaborate with colleagues across chapters and locations to ensure consistency and share best practices.
• Maintain constructive relationships with internal teams (Model Development, Risk Management, Audit) and external parties (regulators, auditors).
• Suggest enhancements to validation processes and frameworks to support continuous improvement.

Team & Context

You will work as a Model Validator within the Model Validation Financial Risk (MVFR) team, part of the central risk team based in Amsterdam, responsible for validating market risk, counterparty credit risk, algorithmic trading, pricing and valuation models for trading books used by ING Group worldwide. Your role safeguards ING’s financial stability by ensuring models are robust, compliant, and fit for purpose.

ING is a global bank with more than 60,000 colleagues serving around 38 million customers and corporate clients in over 40 countries.

About ING

Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We empower our team to drive progress, create customer value, and integrate sustainability at the heart of everything we do.

Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow.