I applied online. The process took 3 weeks. I interviewed at ING
Interview
2 Interviews, mainly technical with a couple of standard behavioral questions. first one with manager in Warsaw, second one with manager in Amsterdam. Basic Questions: Option pricing (Black and Scholes) Fixed-Income instruments (Bonds, Duration, Convexity)
Interview questions [1]
Question 1
Intermediate Questions: Pricing of Asian Option Variance reduction in Monte-Carlo Simulation
one HR call, one case study, then first interview with 2 team members, mainly tech Qs, discuss my case study results and test my finance risk knowledge and data skills.
After application, I received an invitation to an interview. It consisted of about 5 minutes of personal questions and around 50 minutes of technical questions about a wide range of topics. (Finance, Statistics, Econometrics) The purpose does not seem to be to get to know the applicant and present the position to him, but to examinate the technical knowledge. No exchange between interviewer and applicant, more of an interrogation than an interview.
Interview questions [1]
Question 1
What are assumptions of OLS?
What IRRBB models do you know?
Junior Model Validator applicants have rated the interview process at ING with 4.3 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 33% positive. To compare, the company-average is 60.8% positive. This is according to Glassdoor user ratings.
Candidates applying for Junior Model Validator roles take an average of 21 days to get hired, when considering 3 user submitted interviews for this role. To compare, the hiring process at ING overall takes an average of 22 days.
Common stages of the interview process at ING as a Junior Model Validator according to 3 Glassdoor interviews include:
One on one interview: 25%
Presentation: 25%
Background check: 25%
Skills test: 25%
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