Financial Risk Officer D

Financial Risk Officer – Credit & Trading Risk

The purpose of the Trading Risk Management (TRM) department is to “empower the business by providing pro-active, integrated, state-of-the-art Trading Risk Management”. We do that by investing in our people, by being committed to compliance and by being masters of our time.

Within the department, the Balance Sheet Risk & Credit Exposure Management (BSR&CEM) team is responsible for risk management of CVA, for collateral risk management and for all counterparty credit risk measurement.

The BSR&CEM team is looking for a Financial Risk Officer for its collateral management related Initial Margin/Variation Margin (IMVM) Team.

Job Description

The collateral management area of Financial Markets and Global Treasury (FM & GT) is high on the agenda of regulators globally, who impose the industry to comply to various periodic milestones. Internal control bodies such as internal audit and model validation also follow-up closely the collateral model performance and governance. Finally, High Management and Risk Committees require the information for strategical decisions and risk appetite management.

Within the TRM IMVM team, you will work alongside a group of knowledgeable specialists in the area of Collateral and Initial Margin Risk Management where you will be jointly responsible for ensuring that ING holds sufficient good quality collateral to weather any potential future storm in the area of counterparty credit risk. Also, you will jointly ensure that ING further enhances its processes in the area of Initial Margining (IM). IM is an increasingly important part of global financial markets which is currently being implemented globally and aims to reduce the systemic counterparty credit risk.

TRM IMVM provides the candidate with a unique opportunity to gain knowledge and experience in counterparty credit risk and more precisely collateral management. As a Financial Risk Officer your daily activity requires analysis of datasets, participation in communication and coordination of data gathering, helping in writing specifications, participate in shaping target architecture, present your work to (senior) management, and find agreement on your work with internal audit and model validation.

You will also :

• Understand how the collateral activities operate and suggest improvements to processes and procedures;
• Take ownership for assigned projects and interact with Risk, Operations and IT;
• Utilize coding skillset to improve tasks, calculations and monitoring activities;
• Present ideas, completed work, improvements to management and monitoring teams;
• Interact with Collateral and Market Risk Centre of Excellences (COEs) for investigations.

If you are interested in working within a challenging and evolving business environment that combines knowledge of and affinity with financial markets, financial products and collateral, this is your opportunity.

Your work environment

You will be working in an Amsterdam based equal opportunities department as part of a team of 6 specialists who will be happy to welcome you into their midst. This multi-cultural, informal and result-orientated team works from the office for 2 days per week and from home for the rest of the time. You will also be part of a larger, dynamic and very international department (Trading Risk Management)

Who we are looking for?

A successful candidate has strong analytical skills and the ability to create, challenge and improve risk management techniques and measures. She/He feels responsible to take the lead in a certain area within her/his expertise . The candidate has good communication skills in order to interact with various stakeholders and team members on a day-to-day basis in a timely and professional manner, works independently and is able to simplify and put complex concepts and practices in the appropriate context.

Your profile

• A university degree in economics, econometrics or other quantitative subjects;
• Proven knowledge of, and keen interest in financial markets and financial instruments;
• Experience with collateral related topics is a plus;
• Good communication skills;
• Strong analytical skills with attention to detail and bottom line;
• Agile, independent, able to work with multiple stakeholders and able to adjust change;
• Able to prioritize and distinguish the relevant key aspects from the details;
• Fluent in English;
• Proficient in, but not limited to, Excel, Python, PowerBI;
• 2-5 years’ experience within our area of responsibility or other tangent disciplines.