Manager – Model Validation Trading Risk Warsaw (Lead Model Risk)

We are looking for you, if you:

• Have quantitative background, (MSc or PhD degree) in e.g. Econometrics, Quantitative Methods, Quantitative Finance, Mathematics, Statistics, or Physics,
• Are passionate about working with people and developing talents of others make you fulfilled,
• Have over 6 to 10 years of work experience in modelling/validation of market risk and counterparty credit risk models for trading books, including knowledge about the business and associated regulations,
• Have proven experience in leading and/or coaching others, both from a people management and content perspective (Over 3 years to 6 years),
• Have experience in being a sparring partner/advisor to Senior Management and managing stakeholders such as auditors and regulators,
• Are an excellent team player, persistent, service oriented, people centric, eager to learn and have high quality standards,
• Like to work in an international environment focused on creativity and modernity,
• Are prepared to travel occasionally, mainly to Amsterdam.

English level: C1

You'll get extra points for:

• Knowledge of financial instruments pricing models,
• Strong analytical and problem-solving capabilities,
• Independent, creative and pro-active mindset,
• Being keen on innovation,
• Analytical and critical attitude.

Your responsibilities:

• Recruitment and building the team,
• Coaching members of your team,
• Validation reports review,
• Setting & improving on our validation standards/frameworks/coding libraries,
• Alignment with model developers, senior management, auditors, ECB,
• Learning the latest developments in trading risk models domain.

Information about the team:

The Trading Risk Model Validation Tribe has 40 experts and specialists split into 3 chapters in Amsterdam and 1 chapter in Warsaw. The Warsaw chapter has 13 validators, which constitute an independent team but work very closely with the whole Tribe. Now the new chapter is opening that will consist of at least 8 validators, the chapter that you need to create.

We are responsible for validating market risk, counterparty credit risk and valuation models for trading 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.