Counterparty Credit Risk – Portfolio Risk Manager

Counterparty Credit Risk – Portfolio Risk Manager

ING seeks an experienced Counterparty Credit Risk (CCR) Portfolio Risk Manager to take a senior role in the newly established CCR organization. Build on ING’s CCR capabilities to drive consolidation of risk management and oversight of the counterparty credit risk portfolio. Shape strategies that safeguard the bank’s ability by managing complex counterparty credit risk across dynamic global markets.

The team You will be part of a newly formed CCR Portfolio Risk Management team which has been established to bring together portfolio risk management and oversight and will cover ongoing portfolio monitoring and deep dives, stress testing, wrong way risk, transaction analysis and establishing a Risk Appetite Framework for CCR.

This is an exiting opportunity to join a dynamic team of risk managers combining both market and product knowledge with complex risk measures.

Roles and Responsibilities:

In this role you will play a key part in ING’s CCR risk strategy, taking on responsibilities that will help drive success and shape our risk culture.

• Lead initiatives to align the firm’s CCR framework with industry best practices and regulatory requirements. Serve as a subject matter expert on ECB findings and BCBS guidance regarding CCR.
• Continuously monitor exposure driving asset classes and credit events in global markets to assess portfolio risks, ensure timely risk insights and proactive risk management. Use market assessments to produce thematic portfolio deep dives including wrong way risk, concentration & correlation risk and Sector/Single Name/Transaction analysis.
• Leverage and enhance CCR stress testing framework to assess portfolio vulnerabilities and inform daily risk management decisions.
• Understand the application landscape, key input data, and exposure metrics related to CCR. Use this to identify key risks and to prepare and coordinate materials for management committees, internal audit and regulatory engagement.
• Drive discussions with Credit Exposure Group, Model Validation, IT, Front Office, Collateral Mgmt, Risk, Legal, and other key stakeholders to identify, prioritize, and resolve CCR issues, ensuring alignment on risk appetite limits and enhancing the overall CCR framework.
• Maintain awareness of model developments and IT system implementations to ensure change projects remain on schedule and achieve desired outcomes.
• Represent the CCR team in firmwide initiatives, including new product approvals.

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.

• University degree in Business, Finance, Statistics, Economics, Econometrics or a comparable field
• 10 years’ experience in a counterparty risk role within a banking institution.
• Deep product knowledge across fixed income, equities and commodity markets.
• Strong knowledge of the CCR regulatory landscape and industry best practices.
• Excellent communication skills to confidently engage with cross functional teams and provide an effective 2nd line challenge to the business.
• Programming knowledge is seen as an advantage.

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. Find out more about our employment conditions.

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience
• 25 - 28 vacation days depending on contract

• Pension scheme
• 13th month salary
• 8% Holiday payment
• Mobility Card
• Hybrid working
• Personal growth and challenging work with endless possibilities

About us
Curious about how ING empowers people and businesses to move forward? Discover what we do and what we can offer you.

Questions?
Contact the recruiter attached to the advertisement. 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.