Financial Risk Office - Global Product Control

Financial Risk Officer - Global Product Control

The Global Product Control and Valuation team is looking for a hands-on junior risk analyst that wants to work in an international team that operates in a monthly cycle with peaks around quarter end and year end. You are not afraid of processing work, are keen to streamline and automate processes and have affinity with accounting. You are part of the Risk organization and connect trading, risk and accounting. You understand valuation, inputs to valuation, pricing models and reserving.

Roles and responsibilities

As part of Financial Risk, the Trading Risk department globally supports a wide area of businesses within Financial Markets across trading hubs in Europe, Asia and United States. Trading Risk in Amsterdam is a team of approx. 60 people housing the market risk management and the product control responsibilities of the Amsterdam trading books and some globally centralized or consolidated functions. Market risk looks at the movement in market parameters, such as interest rates, credit spreads, FX and rates.

Within that scope, Global Product Control & Valuation is a central team that is globally responsible for execution, analysis and advise on:

• The monthly valuation adjustment processes for ING Globally

• Spin off work to collect evidence for correctness and completeness

• Quarterly fair value hierarchy and related disclosures

• ING’s valuation (adjustment) framework, reporting towards senior management and face the external auditor

• Market Data Committee, COREP reports, concentration AVA and disclosures for quarterly reporting

• Day One P&L reserving

• Ad hoc projects

We are looking for a new colleague to join the team and take ownership of some of these processes/reports.

You will be part of a team of 5 professionals, each with their own specific tasks and knowledge. The team is driven by monthly, quarterly and yearly accounting cycles. Next to that, the team awaits the results of an ECB inspection, to kick off some interesting changes in the current workflows.

Your work environment

The team has an open, informal atmosphere. Some key words relating to the work and the team are:

• Structured way of thinking and way of working

• Peaks round month end and even bigger peaks in quarter end and year ends.

• Linking pin between FIFM Risk and Finance

• Eye for detail and making sure work is done completely and correctly

• Trying to learn from each other to make the total more than the sum of the components.

You will work closely with many internal and external parties such as risk managers (globally), finance, senior management, the external accountant and regulators. We work in a dynamic environment, balancing daily and monthly work with increasing demands from the regulators and the internal and external accountants.

How to succeed

A successful candidate should have strong analytical skills, a sharp eye for detail and a structured way of thinking. As the role is global, the candidate should have good communication skills and a pro-active attitude. He or she owns his work until it is correct and complete and can be explained to senior management. You get to own some of the processes and the maintenance in the programming that is required for keeping these processes running.

Your profile

• Up to 4 years of experience in the Risk or Finance domain

• Academic level, preferable in Economics/Finance

• Good communication skills

• Work precise and see things through till they are complete

• Flexible, work under pressure

• Fluent in English

• Understands Visual Basic, has experience working with Access, Excel

• Self-starter

• Likes to learn more about the Risk and finance organization and balance sheet side of risk

Questions?

 Contact Júlia Elekes in our Recruitment Team, julia.elekes@ing.com for more information about this role. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.