Market Risk Professional

ING is looking for a Market Risk Professional

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 low interest rate environment is an example of such a trend.

The Market Risk Management team comprises of a team of 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. We keep up-to-date on the latest trends relevant to us such as Machine Learning modelling. 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.

In the upcoming 2-3 years our team will be involved in the full migration to the target ALM solution of ING Group built in QRM. Hence, we search additional risk managers for our team that are 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.

What does a Market Risk Professional at ING do?

We 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 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 process

Your backpack should contain

• An academic degree (MSc or PhD), preferably in econometrics or other quantitative studies such as Mathematics, Engineering & Physics
• Finished additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do so
• Minimum of 2 to 3 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 techniques
• Knowledge 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 Management
• Experience 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 systems

Additionally, you should have

• Excellent analytical skills with a strong attention to detail
• Interest in financial services, an innovative take on banking and an unconditional drive to turn your ideas into reality
• The ability to challenge the status quo
• Great team player skills
• And of course you should be fluent in English

Furthermore, 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 visit http://www.ing.jobs/Netherlands/Why-ING/This-is-ING-too/ING-Values.htm

What we offer

A job from 36 to 40 hours and a unique offer that fits in with the times of today. We take into account your home situation and your ambitions and help you to balance work and private life.

To give you an idea, we will tell you about the benefits of working at ING:

• A salary tailored to your qualities and experience
• Flexible working hours
• Reimbursement for travel expenses
• 24 vacation days with a 36-hour working week. If you work 40 hours a week, you will receive 27 vacation days
• 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 to realize your ambitions
• An informal working environment with innovative colleagues who strive for the very best
• Progressive way of working according to the Agile method, so that new ideas come to life

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.

About us

With around 52,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to make a difference. We hire smart people like you for your potential, not your past. Our biggest expectation is that you’ll stay curious. Keep learning. Take on more responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

If you want to work at the cutting edge of what’s possible, surrounded by progressive, inspiring and supportive colleagues, there is no better place to invest your talents than at ING. Join us. Apply today.