Market Risk Professional

Job title:

Market Risk Professional

Company:

ING

Job description

Our Market Risk Management team is an energetic team of highly qualified professionals. We are responsible for managing the balance sheet of ING NL. We do this by hedging our interest rate and liquidity risks in close cooperation with Bank Treasury. We maintain close relations with our business stakeholders, advise them on product and pricing changes and make them aware of all relevant (macro-economic) trends and consequences. The recent increase in interest rates is an example of such a trend.The TeamThe Market Risk Management team comprises of a team of about 30 experts. 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 have loads of data. We use state-of-the-art modelling methods and technologies to explore, analyse, and leverage data. The position offers excellent opportunities to broaden your market risk / asset & liability management and data analytics 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.Our team is working on the full migration to the target ALM solution of ING Group built in QRM. Hence, we search risk managers for our team who are also keen to work on the onboarding of the ING NL retail balance sheet onto the QRM system including sourcing the portfolio data from the ING data lakes, either directly or indirectly.Roles and responsibilitiesWe are looking for a colleague who wants to develop a successful career in managing and hedging market risks.You will become responsible for managing roughly EUR 150-180 bio. of assets and liabilities contributing to around one-third of the overall ING P&L. You will perform this responsibility in one of our four squads.Your main task is to hedge the balance sheet in order to realise a stable margin and Net Interest Income for ING. The hedges are largely dependent on client behaviour, so you will monitor and model the behaviour and spot emerging trends using big data analytics.Because our hedges influence the cost-price of our products, you will be asked for advice by the business tribes in pricing and product decisions. In doing so, you have to know all the details of our product offerings (mortgages, savings, current accounts, business loans, consumer loans).You will play a central role within ING and your activities will impact ING’s overall P&L. Your success will depend on your ability to maintain good relations with our stakeholders, i.e. CRO NL divisions, Finance, the business Tribes, Corporate Financial Risk, Model Validation, Bank Treasury and also our external stakeholders ECB, DNB and the auditor of ING.

You take part – directly or indirectly – in the migration of ING NL to QRM for the monthly hedging processHow to succeedAn academic degree (MSc or PhD), preferably in econometrics or other quantitative studies such as Mathematics, Engineering & PhysicsFinished additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do soMinimum of 4 to 5 years of relevant experience in the financial sector (eg. banking, insurance, consulting)Extensive knowledge of financial risk management, relevant regulations, e.g. Basel/IRRBB, modelling and hedging techniquesKnowledge of – and preferably experience with the parameterization of – behavioural ALM models (prepayment, non-maturing deposit modelling)Experience in being a sparring partner/advisor to Senior ManagementExperience with advanced statistical/machine learning techniques and/or data modelling software (eg. Python, R) is an advantage as well as experience with QRM, and/or the implementation of other ALM vendor systemsAdditionally, you should haveExcellent analytical skills with a strong attention to detailInterest in financial services, an innovative take on banking and an unconditional drive to turn your ideas into realityThe ability to challenge the status quoGreat team player skillsAnd of course you should be fluent in EnglishRewards & 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 GJA12 position within a strong, international and dynamic team, in a work field that is of growing importance both inside and outside ING
• Work location is Amsterdam (Cedar), the Netherlands with partial remote working
• 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
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues
• Work Agile, so new ideas come to life faster

About 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!

Expected salary

Location

Amsterdam, Noord-Holland

Job date

Thu, 12 Sep 2024 05:32:16 GMT

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