ALM Financial Risk Specialist

ING Bank is rolling out one standard implementation for Interest Rate Risk and Forecasting in the banking books. Regulations and internal risk management insights require us to enhance our ALM capabilities to be implemented consistently throughout ING Bank.

We (the COO Risk Functional Development team) value helping each other, sharing our knowledge in the team, working together on delivering on our promises and reflecting on how we can improve in our work but also personal developments and growth. We are a young, internationally focused team (both in scope of our work and our team composition) and focus on develop new functionality and methodologies for risk management in one target platform (QRM). Our team puzzles out the right balance between conceptual risk management and practical implementation solutions and therefore we find it important that you have strong analytical skills.

Our main objective is to enhance the “ING standard” measurement and configuration for our ALM systems and setup roll-out in all locations ING operates in, such that it enables us to report and calculate the core Risk figures (NII- and NPV-@risk) but also new required interest rate risk measures from our supervisor.

When joining our team you will work and lead on the implementation and roll-out in QRM of ALM Retail models (eg mortgage pipeline model), CSRBB, Liquidity, and other IRRBB reporting measures, as well as supporting the team with ad-hoc solutions to practical problems that arise during new functional implementations.

We are looking for a committed and collaborative team player with a proven track record in implementing ALM and Liquidity system solutions within a large Financial Institution and have experience with and strong understanding of QRM (including QRM market model objects and scenario analysis key rate bpv, NPV at risk, NII at risk). Also, you understand complex ALM data, structured calculations, translation of regulatory requirements into practical implementations and how these contribute to managing ALM and Liquidity risk.

Roles and responsibilities

Lead of and development of Liquidity (and IRRBB) measures, implementation and roll-out of Liquidity functionality and calculations:

• Leading and coordinate the QRM development and functionality for Liquidity figures and methods;

• Analyse configuration fit and gaps on new Liquidity functionality;

• Coordinate resulting data required functional transformations;

• Align and agree with model owners, model development and other stakeholders on the QRM Liquidity implementation;

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

We look for someone with the following skills/profile:

• Leading and collaborating well in a team environment.

• Adaptable person and analytical thinker

• Manages stakeholders’ expectations.

• Proficient oral and written communication skills in English.

• Master’s degree in econometrics, mathematics, economics, finance or similar study.

• Minimum of five years of relevant ALM experience in the banking sector

• Extensive knowledge of financial risk management (ALM and Liquidity), relevant regulations on Liquidity and IRRBB, ALM modelling and hedging techniques.

• Proven track record in implementing a ALM system (e.g. QRM) and using SQL in a large Financial Institution.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions at

http://www.ing.jobs/netherlands/Why-ING/benefits.htm

The benefits of working with us at ING include:

• A senior role that will give you exposure to locations and management.

• A salary tailored to your qualities and experience

• Working in a team with a common goal.

• Diverse and friendly work environment.

• 24-27 vacation days depending on contract

• Pension scheme

• 13th month salary

• Individual Savings Contribution (BIS), 3.5% of your gross annual salary

• 8% Holiday payment

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.