Risk

This track is available in: Germany, Italy, Luxembourg, Netherlands, Poland, Turkey

Do you know how to balance opportunity with risk?

The Risk track of the IITP involves working with our Financial Risk divisions such as Corporate Credit Risk Management and Corporate Market Risk Management. Credit Risk manages all risks related to the loans held by ING Bank to reduce both commercial and legal risk issues. Market Risk aims to reduce our market risk in relation to our corporate earnings and invested capital by analyzing and monitoring all of ING Bank’s market risks worldwide.

Starting with a challenging orientation phase of 12 to 18 months, you’ll be assigned to significant projects or jobs as you learn how to evaluate and manage potential risk factors and work out strategies to balance or prevent risk. You will move on to become a High Value Risk Specialist or, eventually, a manager of Risk specialists.

Getting to know Risk

Balanced risk management ensures the continuous financial stability of our business and is one of our key focus areas. As such, Risk processes are embedded with all our businesses worldwide, at all levels.

As a Risk Management Specialist you will identify, measure, analyze and assess the likelihood of certain risks occurring. You will estimate the possible impact and work out strategies to balance risk, investments and capital. You decide if it is worth the risk and how much risk we are willing to take.

You will be dealing with exceptionally large amounts of money – just one false move can have huge consequences for our business, clients and shareholders.

Candice Lin - Trainee on the Risk track

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Candice Lin shows her daily activities, her office and talks about her Experience as a Trainee on the Risk

Track timeline

First challenge

Your first assignment within the three-year Career Track could be as part of a Bank Counterparty Project. This will involve working on financial analysis based on annual reports, external reports, news, company publications and macroeconomic factors. Taking into account the needs of the business units and the credit risk profile of the counterparty, you recommend appropriate limits for lending and other transactions.

Second challenge

For your second assignment you might be in Asset & Liability Management. Here, you will contribute to develop new risk methodologies and improve the risk measurement of interest rate risk, foreign exchange risk, liquidity risk and equity risk. Based on your findings, you then provide your recommendations to senior management.

Your first position

This might be as a junior specialist within the Quantitative Analytics team. Here, you help in the development of benchmark models used for model validation, perform validation of pricing models used in trading systems, and write validation reports providing a quantitative assessment and documentation of the tests performed. As such, you will maintain the tools, programming libraries and test environments that are set up to support the model validation process and the risk methods in the trading risk systems. You also perform quantitative analysis on market data, trade requests and risk functionality (such as VaR or sensitivity reports) to support Risk Managers and provide general quantitative support to risk managers in their specialist area.

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Last modified: 06 March 2014

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