Model Validator – Business and Operational Analytics Model Validation
Risk Management | Professional | Warszawa | REQ-10081724
We are looking for you, if you:
Have a quantitative background, i.e., a MSc or PhD degree in e.g. Econometrics, Data Science, Business Analytics, Mathematics, Statistics, Physics etc. preferably with 3-5 years of relevant experience.
Are familiar with Model Risk Management framework, including Model Lifecycle processes.
Are familiar with at least some of the main risk areas/model techniques in scope (e.g., Machine Learning and Advanced Analytics techniques, KYC/Compliance, NFR, ESG, knowledge of Model Ethics and IRB / IFRS9 models a plus).
Have strong analytical skills, attention to details and solid programming experience (preferably in Python and/or R).
Have an experience in working with policies, procedures, and regulatory documents.
Are persuasive and have a successful track record in managing relationships with internal stakeholders. Good listener and interviewer, receptive to the feedback from the stakeholders.
Feel comfortable with sharing and presenting your work to colleagues, senior management, and auditors.
Have strong writing skills in English, are accurate and skilled at drafting reports.
Are well structured, autonomous, proactive, pragmatic, and flexible team player.
You are prepared to travel occasionally. Your main base is Warsaw, Poland.
We are looking for enthusiastic colleagues who enjoy performing quantitative analyses, writing & defending high quality validation reports, and have an intrinsic curiosity to continuously expand their knowledge.
Your responsibilities:
As a model validator you focus on and further learn about the topics related to the models in your scope, using machine learning, econometrics, coding, business knowledge and related regulations. You perform in-depth analyses and write code to perform quantitative assessments. You summarize your analyses and conclusions in clear, fact-based, and persuasively written reports, which are presented to the relevant Model Approval Committee. You share your knowledge and effectively communicate with team members and a wide range of internal and external stakeholders. You also can participate in the development of innovative, state-of the-art validation frameworks and coding libraries.
Your main daily activities consist of the following:
Assessing analytically, the fundamental assumptions underlying the models in scope, whether the models are correctly implemented in the systems, and their appropriateness given the business context.
Writing high quality validation reports, to be discussed with e.g., model developers, senior management, auditors, the ECB, and other regulators (where needed). These reports include a description of the methodology, your model risk assessment of the various model validation dimensions, as well as several findings for model improvement (which require follow-up by the developers).
Outside model validation, participating in other projects being executed within the tribe based on your areas of interest.
Supporting other BAU activities like finding closure, readiness for validation discussions with stakeholders, model inventory updates for completed validations, among others.
As part of the MVBOA Tribe, you will contribute to further building and developing the team by sharing knowledge and by embracing ING’s Agile way of working.
Information about the squad:
The MVBOA Tribe is an energetic, international team of ~20 highly qualified professionals with various quantitative backgrounds located in Amsterdam and Warsaw. We are responsible for validating models in areas like KYC & Compliance, Advanced Analytics, Loan Pricing, Collections and Non-Financial Risk and used by ING worldwide. The type of models is very diverse, ranging from simple ones to using very advanced data science and analytics techniques. By bringing in our expertise we assure that models are appropriate for intended use, compliant with internal policies and external regulations and its limitations are well understood by the organization. Our goal is to ensure a strong modelling landscape within ING.
Following ING’s Think Forward Strategy to become the next generation digital bank, data and models are considered key assets in our bank. As model validators we safeguard the quality of ING’s models, which are used for all kinds of decision-making purposes. We also contribute to the Model Risk Management (r)evolution that is picking up worldwide, given that models are imperfect representations of reality and hence may lead to financial losses and/or reputational damage. To effectively achieve these challenges, our Model Validation teams have been substantially growing lately and will further grow, also internationally.
We are looking for an enthusiastic, curious Model Validator who likes to develop him/herself in the MVBOA Tribe.
Your work environment
Our Tribe is part of the Model Risk Management (MoRM) department which currently consists of four validation tribes (MVBOA; Credit Risk; Trading Book Risk and Banking Book Risks) and Model Risk Oversight tribe.
MoRM has adopted the ING One Way of Working. In our organisational set-up, we distinguish tribes, chapters, and squads.
Our main stakeholders are ING’s head office and local risk departments, senior management (including the CRO and Executive Board), internal and external auditors, the ECB, and other regulators. To ensure its independence, Model Risk Management reports directly to the CRO.
The environment that you work in can be described as dynamic, professional with fast changing requirements and needs.
MVBOA promotes a culture of continuous improvement & innovation, ongoing feedback, and empowering people to take responsibility.
We kindly inform you that we will get in touch only with the chosen candidates. If you agree for processing your data for future recruitment offers, we will keep the data for a year.
All information concerning the way we process personal data can be found here.
Our benefits
Spread your wings with well thought out development plans.
Benefit from the knowledge of our experts during internal trainings or become a trainer yourself!
Develop the skills you care the most about, thanks to the high training budget.
Use internal and external learning platform (e.g. Udemy for Business).
Use the latest technologies and their capabilities in diverse projects.
Work on interesting and international projects that will enable you to meet people from all over the world.
Within your training budget, improve your language skills on a course tailored to your proficiency level.
Don't speak Polish? Take part in a free Polish language course.
Benefit from the support of certified coaches and mentors in achieving your professional goals and strengthening your potential.
Enjoy your additional days off that we offer to our employees (e.g. "Day for Wellbeing", voluntary day).
Take part in numerous activities supporting your wellbeing. Let's take care of your physical and mental health, and work-life balance together.
A healthy body, healthy mind! Find it out with our sports programmes.
Take care of yourself and your loved ones health with LUX MED private medical care.
Use the possibility to join group insurance, as well as BEST HELP insurance – insurance for the treatment of serious medical issues abroad.
Join the PPE programme and save additional money for your retirement.
Build relationships within the team and get to know the people you work with better during team integration meetings.
Share with us your feedback, both anonymous and direct. Use a dedicated tool adjusted to our needs that allows us to see and focus on the issues that matter most to our employees.
Do you ride a bike? So do we, that's why we provide everything you need - parking, a shower, and lockers.
Work on an employment contract.
Work in a hybrid mode. We like to meet in the office sometimes and drink coffee together. Plan your team’s work schedule with your manager and set dates suitable for you to come to the office.
Start your work between 7 and 9 AM, adjust it to yourself, not the other way around.
Feel comfortable in specially designed offices that helps teams to work more efficiently.
Use a company laptop and get an equivalent to buy a phone. We offer various laptop models, depending on the work you perform. After employment, you can also apply for an additional monitor for remote work.
Take a break in one of our chillout zones! Enjoy Xboxes, table tennis, billiards, table football, comfy chairs, etc.
Enjoy your annual bonus and allowance to the remuneration, along with extra awards based on the assessment of your work.
Do you know someone who you think would be a great fit for our company? You can get a cash bonus for each person you recommend if they are hired based on the contract of employment and go through the trial period positively.
Take advantage of the tax deduction in case of performing creative work.
Use a relocation subsidy or other support for your relocation.
Enjoy a gift for starting your job (Welcome Box), some national holidays, birth of a child (Baby Box) and more!
Every month you can count on subsidies for remote work, using public transport, meals in the office, and you can also benefit from our cafeteria platform.
Take advantage of discounts on studies, trainings and exams, language courses and a purchase of a new car.