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ALM professional in Financial Risk

Employee | Risk Management | Professional | Netherlands | Amsterdam | 2024-02-15 | REQ-10068426

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ING is looking for an ALM professional in the Financial Risk Customer Behavioural Risk team within ING Risk Management.

The Team

The Financial Risk department sets and controls the financial risk strategy across the bank to safeguard ING’s financial health. The department provides strategic guidance on financial risks (in trading and banking books and related to the ING balance sheet), safeguards regulatory compliance, and is the model owner for the banking and trading risk models. FR is also the global functional risk manager for Group Treasury activities.

In the Financial Risk organization, the Banking Risk Management department focuses on managing risks related to the ING Group banking activities in all business lines. Interest Rate risks, Funding & Liquidity risks, Treasury risks and Customer Behavioural risks are the main risk categories. The Customer Behavioural Risk team is responsible for:

  • Global functional responsibility for oversight of behavioural modelling in the Banking Books including replication towards the Global Treasury function.

  • Responsible for developing and execution of the global model lifecycle management requirements for customer behavioural risk models.

Therefore, the Customer Behavioural Risk team is the owner of behavioural risk and replication models used for measuring and managing interest rate and liquidity risks in commercial products such as for mortgage prepayments and non-maturing deposit behaviour. As such, the team is responsible for the functional steering and oversight of customer behaviour risk modelling and replication of ING locations worldwide.

Within the team, you work in a pleasant and open atmosphere together with very professional colleagues who continually challenge each other intellectually to get the best out of themselves. You get all the space and responsibility to maximize your personal qualities. Working within Financial Risk at ING Bank means working in a highly dynamic international corporate environment where you work together at all levels and with many departments.

Roles and responsibilities

  • Model lifecycle management of Assets and Liability customer behavioural risk and replication models;

  • Global functional steering of customer behavioural risk and replication models;

  • Maintain close relationships with the model stakeholders worldwide.

  • Performing periodic asset and liability reviews to assess model performance and recalibrate parameters in line with market and product strategy developments;

  • Execute financial risk analysis and assessments;

  • Advice Senior Management and Committees;    

  • Enhance the ALM modelling landscape;

  • Review of Minimum Standards and Governance;

  • Monitoring alignment to Financial Risk and modelling standards;

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 are looking for a colleague with a quantitative background with an excellent understanding of different types of market risks (interest rate, liquidity and FX risks).

  • You understand the complexities of a banking group with global operations and have a good understanding of recent regulatory changes and requirements. 

  • You are curious, open to new developments and you know how to master your new material quickly. Moreover, you as a person are able to respond well to the wishes and needs of others as an expert advisor and can translate complex topics in a manner appropriate for the background and objectives of your stakeholders.

  • You are a pragmatic problem solver, who can support the model lifecycle management of Assets and Liability customer behavioural risk and replication models in a dynamic environment.

  • You are a team player who will add value to the Financial Risk organization within a dynamic environment. You will ensure that the activities you are responsible for will be performed to an exceptional standard.

  • You possess an excellent command of English, being able to demonstrate negotiation, presentation and writing skills.

  • You are able to deal with cultural differences, conflicting interests, complex and unforeseen challenges, as well as to constructively cooperate with your peers in building a sustainable, effective and efficient working environment.

Your profile & skills

  • A completed academic education, preferably in economics, econometrics, or a quantitative specialization or comparable training.

  • Relevant work experience (3 years or more) within the financial sector preferably within the banking sector.

  • Keen to further develop your knowledge in the field of Asset and Liability Management and new regulatory developments.

  • Sound knowledge of risk management and financial products.

  • Excellent in English, both verbal and writing.

Furthermore, you adhere to the ING values and it is evident to you that your behaviour is fully aligned with these values. You are also prepared to take the Banker's Oath.

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.

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Questions about this opportunity?

Feel free to contact Julia Elekes, Recruiter. e-mail: julia.elekes@ing.com

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Please be aware that the recruitment procedures, (labour) regulations and labour agreements of Netherlands apply.

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