Financial Risk Specialist
Balance-Sheet Risk/Interest Rate Risk

Technical data function

[Brussels, Marnix]
[Possibility of 50 % work from home on the basis of a team agreement]

[Function Class - 16]

[Function Code – Financial Risk Specialist III]

[Work Schedule – Full time]
[Sensitive Function: Yes]
[Representation costs: No]

Your role & work environment

As a Financial Risk specialist within Balance Sheet Risk, you will be responsible for managing the risks arising from commercial activities from ING Belgium and Group Treasury, more specifically from a market risk and interest rate risks in the banking books perspectives.

You will play a central role in identifying, assessing, controlling, monitoring and reporting key banking risks through your dedicated expertise in market risk & IRRBB. You will ensure that appropriate risk transfers and hedging activities are performed while adhering to internal and external standards, and in particular monitors that Group Treasury and Financial Markets positions are in line with the defined risk appetite. You will contribute to the setting of the risk appetite, and to the overall developments of ING Belgium’s IRRBB setup to ensure it remains adequate and in line with evolving regulation, client behavior and market developments. This key role lies at the center of the Bank’s activities and requires active stakeholder management to collaborate closely with Finance, Group Treasury, Commercial network and Financial Markets colleagues, both locally and at ING Group level.

Your key responsibilities

·         Be a central player in a key risk management team, ensuring appropriate identification and management of markets, model and interest rate risks, anticipating markets and industry developments ensuring that we stay a step ahead with a forward-looking perspective

·         Ensure that all (sub-) types of interest rate risks are appropriately managed and in line with the risk appetite of the Bank, by developing and enhancing risk dashboards and analytical capabilities of the team

·         Support the client behavior modelling activities while developing and maintaining a sound approach to these critical activities

·         Actively participate in the definition of the risk framework of the Bank in a continuously evolving environment, to ensure we serve our customers the best way possible while managing the related risks

·         Provide in depth analyses on interest rate risks and market risk economic capital, aligning with colleagues from the commercial network, Finance, Group Treasury and Financial Markets departments to ensure the adequacy of your analyses

·         Contribute to critical change programs to improve the depth and quality of our data-driven risk management practice

We are looking 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 specialist on interest rate risks, you will need:

• Master degree in financial economics or equivalent (preferably with a quantitative focus) and 5 years of relevant professional experience

·         Good understanding of the current and evolving regulatory environment, specifically on IRRBB and Trading environments, and their implications to manage key interest rate risks

·         Good in-depth knowledge of financial instruments (e.g. bonds, derivatives, etc.) and ideally of banks’ balance-sheet dynamics

·         Experience of market risk management is a plus

·         Proficient use of Office applications and affinity with data management, ideally complemented by practical use of Front office applications (e.g. Murex, Summit, etc.)

• Good oral and written skills in English, and Dutch and/or French

Are you also someone who is:

• Analytically driven and a ‘problem solving’ person: you are able to collect and analyses large set of information, you develop ideas and solutions, and you implement them
• A good communicator with a strong drive to success: you are able to express complex topics in simple terms, both written and orally
• A team player while mastering autonomous work: you work closely together with other team members in a flexible and constructive way, and you easily collaborate with the main stakeholders of the team. You are also capable of driving changes autonomously and in a team setup.
• Capable of working with tight deadlines and adapt to a fast changing environment

We offer you 

A clear purpose, a unique offer and a range of flexible compensation and other benefits:

• Personal growth & challenging work with endless opportunities to realize your ambitions
• An informal, dynamic environment with innovative colleagues supporting your endeavors
• A progressive and agile way of working, where new ideas are valued ahead of convention

Furthermore, within the Balance Sheet Risk department, you will enjoy a position in a strategic team, addressing topics at the heart of the banking business, purpose and sustainability with very high visibility. The opportunity to influence the Bank’s results and risk profile for the future, and to be recognized by senior leaders for your personal impact, as well as the development of new skills around banking, risk management and analytics are also what we promise you.