Financial Risk Specialist - Valuation

The opportunity

The role is part of the Financial Risk /Trading Risk Management department. The department comprises a large team of market risk, product control, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets from the perspective of Balance Sheet Risk, Credit and Trading Risk, Market Risk models and Capital Management.

The team

The vacancy is in the Centralization, Valuation & Product Control team which, amongst others, is the Centre of expertise for valuation and product control topics within the bank. We are responsible for setting the valuation framework in terms of fair and prudent valuation, e.g. by being the owner of the Global Valuation Policy and advising on the valuation of new initiatives. We are an international team with colleagues in Amsterdam and London.

Roles and responsibilities

The role is focused on delivering regulatory and accounting requirements across different regional hubs. The individual will be involved in topics related to valuation risks (for both trading and banking books).

The key focus over the next few years will be on valuation (fair and prudent), where the individual will play a key role in the design and implementation of the IFRS and Prudential regulatory requirements. The individual’s main duties will focus on a specific asset class, but this depends on the individuals experience. The candidate will be responsible for driving activities within the project, examples of such responsibilities are:

• Designing, implementing and maintaining a compliant valuation framework.

• Working with Front Office, Risk Managers, Product Controllers, Finance, IT, Development Quants, Model Validation and market data providers to design and implement VA models  and other requirements related to Valuation Risk (e.g. FVH, Day 1 P&L, IPV, etc).(Market price uncertainty, bid-offer reserves)

• Continuous engagement with Risk Managers and FO to ensure transparency and understanding of valuation models/processes and improvement needs.

• Working with IT teams to assist and design processes in line with the market data governance needs.

• Conducting analysis on large data sets, processes, and technology systems.

• Engaging in valuation ECB/Audit inspections and solving ECB recommendations/audit points respectively.

• Ensure operational excellence of valuation processes, maximizing automation possibilities to provide a robust and compliant operational valuation framework. 

• Preparing functional specifications for stakeholders and assisting in the implementation lifecycle

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.

The position offers excellent opportunities to excel in what you do and to broaden your Market Risk and Valuation skills, as well as exposure to a dynamic and agile international working environment.

More about you:

Qualifications/Education

Essential:

• Undergraduate degree in a STEM or Finance/Economics related subject.

Preference:

• A postgraduate degree (MSc or PhD), preferably in a quantitative field, such as financial  mathematics, econometrics or physics.

Experience/Knowledge

Essential:

• 3 years + of experience in Banking and Finance.

• Ability to handle large datasets for analysis purposes and proficient Excel usage and programming knowledge, especially Python, SQL and/or VBA.

• Experience of implementing & documenting requirements.

• Understanding of pricing financial markets products across asset classes, preferably with experience in one or more business lines; (Equity, Fixed income, Credit, Interest Rates or Commodities)

• Experience managing key workstreams and providing technical expertise, regulatory requirements, and industry standards.

• Liaising with senior management and key stakeholders in complex programs.

Preferable experience:

• Design and implementation of Prudent Valuation requirements (across all VA types) in tactical and/or strategic solutions.

Personal Competencies

Essential:

• Excellent English-language communication skills, both verbal and written.

• Constructive attitude and pro-active team player.

• Good stakeholder management and communication skills.

• Critical thinking and strong analytical skills.

• You are independent and creative with focus on delivering pragmatic and feasible solutions

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.