Financial Risk Specialist

Background

We (the Financial Risk Functional Development team) are looking for a committed and collaborative team player, who enjoys learning more about balance sheet risk management. ING Bank wants to roll 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 are a team that develops new functionality and methodologies for risk management in one target platform (QRM). Our team looks to find the right balance between conceptual risk management and practical implementation solutions.

Our objective is to enhance the “ING standard” configuration for the QRM roll-out in all locations ING operates in, such that it enables us to report and calculate the core Risk figures in QRM (NII- and NPV-@risk). When joining the team you will work on the implementation of (amongst others) replication/hedging and IRRBB reporting, as well as supporting the team with ad-hoc solutions to practical problems that arise during new functional implementations.

Tasks to be performed

Development of IRRBB measures, implementation of target behavioral models, IRRBB scenarios and hedging replication:

· analyse risk measurement figures and methods.

· analyse configuration fit and gaps on new functionality (either from IRRBB or Rolling forecast).

· Perform functional and user acceptance testing of new functionality.

· coordinate resulting data required functional transformations.

Who we are looking for?

Our future colleague should be an analytical thinker with the ability to create, challenge and improve risk monitoring techniques and measures. The candidate should be able to connect and communicate clearly both to team members and stakeholders (e.g. locations within ING, such as Spain or Italy). Also a pro-active attitude, willingness to develop and learn new things and continuously look for improvements within the team and tribe is appreciated.

Personal profile

We look for someone with the following skills/profile

Essential

· Collaborates well in a team environment.

· Adaptable person.

· Analytical thinker.

· Proficient oral and written communication skills in English.

· Bachelor in econometrics, economics or similar study.

Desired

· IT affinity.

· Desire to grow.

What do we offer?

· Working in a team with a common goal where we look after your well-being.

· A role that will give you exposure to what the bank does, and ability to develop your skills and learn on Balance Sheet Risk Management.

· Diverse and friendly work environment.

· 16 hours contract with a competitive salary and benefits