Product Lead – ALM Functional Development (Risk Metrics)

The opportunity COO Risk sits right at the heart of the Bank’s operations. We translate our rather complex banking business exposures into impact on risk weighted assets and provisions in line with the constantly changing business desires and the latest regulatory requirements. We also provide important insights in NFR and Compliance topics and cater for corresponding regulatory reporting needs. COO Risk delivers baseline and change activities for the Risk Organization with the purpose to drive our partners to maximize value in a safe & compliant environment. We play a critical role at ING and service all business lines, CROs and COOs of the Bank. COO Risk is committed to take explicit ownership of the end-to-end execution of regulatory transformation initiatives.

To deliver on these ambitious promises, we are looking for a Product lead who has an end-to-end strategic focus around our services and leads our squads in terms of clear prioritization, accountability and capabilities. The Product Lead is a position where all elements of a product come together, the what and the how, with an end-to-end transformation responsibility. You work not only on delivery and on how we run a product, but also on creating a vision on how we improve our services, how we manage the business value and how we increase collaboration across functions.

You do that by steering squads who work on a specific service by providing them with a strategic direction, by coaching them on the job, defining the product roadmap and by managing stakeholders. The people who work in the squads report to you, which means it is your job to empower them to thrive and perform at their best. You set direction, you help them to develop their craftsmanship and you have continuous conversations about their career development. As a Product Lead you report hierarchically to the Tribe Lead.

The Tribe ALM & Liquidity Risk has the purpose to implement and to provide the infrastructure necessary for ING to perform Balance Sheet Management activities in all its facets. We design end-toend solutions that will support in optimizing the banks’ Balance Sheet Risk Management capabilities (Interest Rate Risk Management, Liquidity Risk Management, Risk Transfers, Fund Transfer Pricing, Hedging and NII Forecasting) for group functions (Risk, Finance, Group Treasury) as well as the commercial business lines (Domestic Banks and Wholesale Lending). Tribe ALM operates with 3 different departments (COO Risk/ALM, TECH Group Services/Risk, CRO/Financial Risk) in one ALM product organization.

Roles and responsibilities

As a Product Lead ALM Functional Development, you:

• Take on the roadmap to migrate Risk Group models (IRRBB) to ALM Standard and Modeling platform and according to plan.

• Implement new model developments for Risk & Valuation models in the end2end solution for both group and locations as part of model life cycle (MLC) • Coordinate the end-to-end delivery of the Risk Metrics model landscape with squads assigned.

• Take ownership of a sizable number of explicit regulatory transformation initiatives

• Be the hierarchical manager of a team of up to 15 Business Analysts working in multiple squads

• Be able to work in a collaborative and highly complex setting

• Be able to influence the level playing field of your team including teams outside of COO Risk

• Able to take responsibility, steer strategy and realisations based on facts and data; managerial courage to question and make decisions for highly complex issues

• Build the craftsmanship of the employees in the team in line with the strategy of the Tribe

• Safeguard a safe environment where teamwork is valued and where all people are encouraged to apply their talents to the max

• Ensure compliance with relevant regulation and internal/external requirements

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 leader who takes things on and makes things happen; who is passionate about helping others to be successful; and has a knack for always being a step ahead. 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 Product Lead, you will also need to be able to:

• Drive and manage large change ALM initiatives in an international context and master complex financial content

• Lead and deliver complex (multi-year) change projects or potentially programs – covering multiple countries / functional departments

• Communicate effectively to senior management, in which you can adapt your style and the content of your communication to the needs of others you work with. You always pay attention to the input and opinions of others

• Be organizational savvy, you maneuver easily through complex policies, processes and people-related organizational dynamics across ING

• Look ahead, you show a strategic mindset and you find future opportunities which you can translate into concrete strategies

• Be tech savvy, where you anticipate and leverage innovations in digital and technical applications that make ING commercially stronger and more effective • Build an effective team, that has diverse skills and perspectives to achieve common goals

• People management: being responsible for the inflow, progression, and outflow of employees of ‘your’ teams and playing an active role in the well-being and engagement of employees and the development of their craftsmanship.

Required skills and experiences:

• Key knowledge on ALM activities in a bank. Design, Data, Processes, and implementation of new ALM work.

• Key knowledge on Treasury, IRRBB & Valuation Models and processes in ALM context

• Proven experience in transformation programs with high impact and relevant change execution experience preferably with international exposure

• Experience in defining strategies and policies, in order to set and deliver objectives within medium to long time frames

• Proficient expertise in driving and steering multidisciplinary initiatives

• A proven track record in process management, backlog management and resource planning

• Experience in explaining complex issues in an easy-to-understand way to get people on board, including by using your strong analytical skills

• Have a ‘can do’ mentality, proactive, resourceful, and willing to go the extra mile

• Proven track record at management level and experience in Banking

• Education at University with a Master degree in a related study (e.g. Business Administration, Information Management, Finance)

• An excellent level of English

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

Furthermore, within the COO Risk organisation you can count on a range of opportunities to invest in your personal and professional growth. We want to make sure that it’s possible for you to strike the right balance between your career and your private life and reward our people with a generous benefits offer and employment conditions.

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.