Financial Risk Specialist

You will be part of the team that provides market risk support to the Linear Rates trading desk. The team is part of the Financial Risk Trading Risk Management (FR TRM) department in Amsterdam.  FR TRM is a global department within ING CRO domain, responsible for product control and market risk management activities of the FM trading activities.

The team

The core activities of the team are measuring and analysing the day-to-day Profit and Loss (P&L) generated by the trading desk and monitoring and advising on the market risk exposures that are taken in the trading books. Next to this, the team is also involved in the product approval process, regulatory compliance projects and continuous system improvements.

Roles and responsibilities

The key responsibilities for the role are:

• Producing a timely and accurate daily P&L and risk report.

• Providing in depth commentary that explains P&L in terms of risk factors and gives context to the evolution of market risk exposures in the trading book

• Following up with traders on limit breaches, demonstrating appropriate challenge.

• Understanding the P&L drivers and market risk profile of the products and trading strategies.

• Performing price testing and calculating valuation adjustments and reserves on a monthly basis.

• Participating in monthly desk reviews with Front Office, on limit consumption, limit review and pro-active risk management topics.

• Participating in regulatory global projects like FRTB and the IBOR transition program.

• Participating in local and global projects to improve risk metrics, data quality or implement enhanced trading and reporting systems.

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 back you to develop into an even more awesome version of yourself.

We look for:

A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.

As a Financial Risk Manager, you will also need:

• Master’s degree, preferably in Maths, Engineering, Finance, Economics

• At least 2 years market risk experience

• Strong financial product knowledge and a sound mathematical background

• To be a good communicator with attention to detail and able to summarise.

• To be a team player that can work with cross-functional, geographically dispersed teams.

• To be able to understand the business perspective of key projects for Front Office

• To have a flexible approach to role and responsibilities

• To be fluent in English

• Programming experience (VBA, Python, …)

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

The benefits of working with us at ING include:

•  A salary tailored to your qualities and experience 

• 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.