Senior Credit Risk Stress Testing Analyst

ING

Vacature informatie

Organisatie: ING

Locatie: Amsterdam

Opleidingsniveau: WO

Arbeidsvoorwaarden: Marktconform

Solliciteren

Job Description

Risk & Capital Integration (RCI) is a staff department directly reporting to the Chief Risk Officer (CRO). RCI plays a role with respect to various topics, such as:

  • Risk appetite: With respect to risk appetite, RCI is responsible for the preparation of the proposal of the high level risk appetite statements to the Board, and also for the preparation of the periodical report which shows whether or not the actual risk profile is in line with these risk appetite statements. For this purpose RCI, has developed so-called risk dashboards which provide consolidated values for several risk metrics taking into account the different risk types.
  • Stress testing: This has become a very important risk management tool during the past years. ING bank performs both internally and externally defined stress tests, for which RCI coordinates/carries out the selection of scenarios, consolidation of the results, presentation of these results to senior management, communication with regulators and other stakeholders, etcetera.
  • New regulations: As a response to the financial crisis, banks are still confronted with an ongoing amount of new regulations (Basel IV discussions, CRR/CRDIV amendments, etc). RCI is, together with Finance and Risk, responsible for making sure that we are prepared for these regulations, and that these are properly reflected in future capital projections.
  • ICAAP: Together with Group Treasury, RCI coordinates the Internal Capital Adequacy Assessment Process, which aims to demonstrate that ING is able to meet its capital targets and requirements in both going concern and adverse situations.
  • Disclosures: RCI coordinates the risk related disclosures in the annual and quarterly reports. Furthermore, RCI provides risk information to amongst others the Investor Relations department and coordinates information requests from regulators and rating agencies.
  • Peer analyses: It is of paramount importance that we are aware of developments within other financial institutions with respect to e.g. solvency, liquidity, balance sheet development and loan loss provisioning. Therefore, RCI regularly performs peer comparisons to identify developments within other banks, and potentially areas where ING is an outlier.
  • Recovery and Resolution Planning: In response to the crisis ING has set up an all-encompassing Recovery Plan to enhance the bank’s readiness and decisiveness to tackle financial crises on its own strength. Furthermore, ING is diligently working towards providing information on the basis of which the Resolution Authorities will be able to develop a Resolution Plan. RCI is responsible for both Plans and it is our objective, together with Finance, Risk, Group Treasury and the business, to have Plans that exceed the minimum requirements.

RCI is an international team of highly qualified professionals with an open and informal atmosphere, located in Amsterdam. RCI consists of the Capital Analytics team (10 persons) and a Recovery & Resolution Planning team (6 persons).

We are looking for a Senior Credit Risk Stress Testing Analyst to strengthen our Capital Analytics team. As part of this team your main responsibilities will be:

  • Coordinate development and evolution of the credit risk stress testing models, including the translation of macro-economic and financial developments in credit risk cost and credit RWA projections;
  • Responsible for the planning and execution of credit and solvency risk stress tests whereby the impact standardised, statistically defined or tailored macro-economic or geopolitical developments is assessed on ING’s credit portfolio and future financial position;
  • Take leading role in the annual risk assessment and the further development of ING’s overarching, consolidated Risk Appetite Framework. As part of this, further development of the Economic Capital framework and the solvency risk calculations;
  • Coordinate the preparations of internal documents for senior management such as the quarterly Integrated Risk Report which updates the MBB/EB and Supervisory Board how ING’s risk position develops vis-à-vis the set Risk Appetite;
  • Contribute to joint projects of both the Recovery & Resolution Planning and Capital Analytics team.

Personal Profile

Our requirements with respect to your qualifications include:

  • Five to ten years of relevant working experience;
  • A Master degree in (business) economics, econometrics, mathematics or a similar education;
  • Strong quantitative and analytical skills, especially in the area of credit risk analysis and modelling (Vortex, SAS, regulatory models, IFRS9 modelling);
  • A good understanding with the ING organisation and experience with Agile Way of Working;
  • Ability to work well with demanding senior stakeholders, both internally and externally;
  • Excellent communication skills, organisation sensitivity and teamwork;
  • Fluency in English (both written and verbal).

Salary & Benefits

RCI offers you a challenging and interesting position. The position is a fulltime function, 40 hours per week. The function is graded at salary scale 12 according to the Dutch job scaling system.

Vacature informatie

Organisatie: ING

Locatie: Amsterdam

Opleidingsniveau: WO

Arbeidsvoorwaarden: Marktconform

Solliciteren

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