Junior Stress Test Analyst

TRM CEG is a global function within ING Financial Risk that deals with the measurement of counterparty credit risk exposures and portfolio risk-monitoring activities.

Counterparty Credit Risk (CCR) is high on senior management and regulators’ agendas. Fast-evolving regulations require the industry and ING to implement and comply to new requirements. Stress testing is a key part of these requirements.

The new squad will work in close collaboration with other squads within Exposure Management, a.o. the CCR Pillar I squad, the Pillar II EAD squad and the FRTB-CVA squad, as well as the MRM Stress Testing squad. With CCR stress test tooling and framework is mostly under development, there is also going to be a lot of interaction with IT and other support teams (e.g. market data, policies, FO, counterparty credit risk managers, etc). Having, in addition, a high visibility with senior management, the function therefore provides various channels for further career development.

Working alongside a group of knowledgeable experts, you have the opportunity to gain knowledge and experience in credit risk (i.e. XVA, collateral, counterparty credit risk), and to gain exposure to all derivative asset classes traded by FM. 

Role responsibilities will mostly focus on stress testing deliverables but might extend to other CEG areas, depending on the team’s priorities & needs. Main responsibilities will involve:

• Participate in designing stress test scenarios and stress test reports;

• Participating in the design of a CCR stress test methodology and usage;

• Delivering periodic as well as ad-hoc stress reports, and presenting those reports;

• Interacting with the team’s stakeholders;

• Specifying requirements;

• Ad-hoc requests.

• Support the broader deliverables of the CEG team as required.

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.

Your profile

• A master’s /undergraduate degree in economics, econometrics or other quantitative subjects;

• Proficient in, but not limited to, Excel, VBA, Python, SQL;

• Proven knowledge of, and keen interest in, financial markets and financial instruments;

• Basic understanding of OTC derivatives pricing and risk measurement methodologies;

• Experience with counterparty credit risk related topics is a plus;

• Organized, meticulous and result-orientated;

• A hands-on approach, able to work independently as well as in the team;

• Critical mindset: ability to challenge existing methodology and improve tools, while also being critical of your own work and aiming for continuous improvement;

• Strong data-mining and analytical skills.

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.