Senior ALM Model Developer

Job title:

Senior ALM Model Developer

Company:

ING

Job description

Our ALM (Asset & Liability Management) modelling team is an energetic team of highly qualified professionals. We are responsible for the development and advice on ING’s global ALM models (interest rate risk, liquidity and capital models). The models are used for pricing, funding, hedging and capital requirement purposes. We maintain close relations with our stakeholders at Head Office (e.g. Financial Risk, Risk & Capital Integration, Treasury, Model Validation) and local business stakeholders in Germany, Belgium, Netherlands, Poland, Spain, Turkey, Australia, etc.The teamThe ALM Modelling team consists of 35 professionals, based in Amsterdam and Warsaw. The ALM Modelling team is part of the Model Development department within Integrated Risk consisting of over 300 professionals. We are determined to advise our business stakeholders to empower the customers of ING to stay ahead financially, in life and business. Client behaviour is crucial to us and we use state-of-the-art modelling methods and technologies to explore, analyse, and leverage data. The position offers excellent opportunity to broaden your ALM management, data analytics and modelling competencies while working on your soft skills by advising our stakeholders.We have an agile way of working and believe that empowerment is crucial for you to be successful.Roles and responsibilitiesWe are looking for a colleague who wants to develop a successful career in Modelling and Risk Management. You will become responsible for developing models that are deeply integrated in our business model (pricing, hedging, funding) and have impacts across global balance sheet (Net Interest Income, Economic Value and Capital Requirements). The ALM models cover global customer lending products (e.g. mortgages, Wholesale Banking, mid-corps and SME Lending) and global customer deposits products (current accounts, savings).This role is within the team focusing on behavioural modelling for Liabilities such non-maturing deposits (NMDs) including savings and current accounts as well as developing regulatory models for NII and EVE Supervisory outlier tests ( SOTs) and EBA Stress testing exercise. Your main task is to ensure ALM models lead to a stable Net Interest Income and accurate capital requirements. The models are largely dependent on client behaviour, so you will monitor and model the behaviour and spot emerging trends using big data analytics. Because ALM models are deeply integrated in ING a lot of stakeholders are involved. That is why a good mix of planning, stakeholder management, convincing and technical skills are important for us. Moreover, as ALM models are supervised by regulators, knowledge of regulatory developments is a must.How to succeedWe 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.An academic degree (MSc or PhD) in a quantitative field such as Econometrics, Mathematics, Engineering & Physics.Finished additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do so.Relevant experience in the financial sector (e.g. banking, insurance, consulting) within IRRBB domain.Relevant experience of modelling NMDs and familiarity with regulatory reporting requirements for Banking BooksStrong quantitative skills and being able to put them into practice using programming languages such as PythonProven track record to make high quality deliveries (e.g. memos, presentations, technical modelling documentations, analysis, code) within set timelinesAdditionally, you should haveExcellent analytical skills with a strong attention to detailThe ability to challenge the status quoGreat team player skillsAnd of course you should be fluent in EnglishFurthermore, you should adhere to the ING values and it is evident for you that your behaviour is fully aligned with these values. You should also be prepared to take the Banker’s Oath.For more information, please visitRewards and benefitsWe 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 atThe benefits of working with us at ING include:A salary tailored to your qualities and experience24-27 vacation days depending on contractPension scheme13th month salaryIndividual Savings Contribution (BIS), 3.5% of your gross annual salary8% Holiday paymentHybrid working to blend home working for focus and office working for collaboration and co-creationPersonal growth and challenging work with endless possibilitiesAn informal working environment with innovative colleaguesAbout usWith 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.

Expected salary

Location

Amsterdam, Noord-Holland

Job date

Sun, 11 Aug 2024 01:11:54 GMT

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