Senior Financial Risk Officer

The role is part of the Financial Risk (FR) department who sets and controls the financial risk strategy across the bank by safeguarding ING’s financial health. The department provides strategic guidance on financial risks (in trading and banking books and related to the ING balance sheet), safeguards regulatory compliance, and is the model owner for the banking and trading risk models.

In the Financial Risk organization, the Banking Risk Management department focuses on managing risks related to the ING Group banking activities in all business lines. Interest Rate risks, Funding & Liquidity risks, Treasury risks and Customer Behaviour risks are the main risk categories.

The team

The Interest Rate Risk team is responsible for the monitoring, management and oversight of the related risk in all ING Group banking book. As such, the team globally steers the interest rate risk management of the banking book ensuring consistency across the bank and compliance with relevant policies and guidelines.

Main activities of the team include:

·       Oversee regulatory  and internal IRRBB reporting including executing financial risk analysis and assessments;

·       Cascade and monitor IRRBB limits;

·       Responsible for all IRRBB regulatory demands such as EBA Stress Test and coordinate the process globally amongst Risk locations;

·       Implement the regulatory changes applied to ING;

·       Manage Model lifecycle of Interest Rate Risk models (e.g. NII@Risk, NPV@Risk, Scenario Calibration);

·       Maintain close relationships with the model stakeholders worldwide;

·       Advice Senior Management and Committees;    

·       Enhance the ALM modelling landscape;

·       Review of Minimum Standards and Governance;

·       Monitor alignment to Financial Risk and modelling standards.

Within the team, you work in a pleasant and open atmosphere together with very professional colleagues who continually challenge each other intellectually to get the best out of themselves. You get all the space and responsibility to maximize your personal qualities. Working within Financial Risk at ING Bank means working in a highly dynamic international corporate environment where you work together at all levels and with many departments.

Roles and responsibilities

·       We are looking for a colleague with a quantitative background with an excellent understanding of different types of market risks.

·       You understand the complexities of a banking group with global operations and have a good understanding of recent regulatory changes and requirements. 

·       You are curious, you are open to new developments and you know how to master your new material quickly. Moreover, you as a person are able to respond well to the wishes and needs of others as an expert advisor.

·       You are a pragmatic problem solver, who can support the implementation of IRRBB risk measurement systems in a dynamic environment.

·       You are a team player who will add value to the Financial Risk organization within a dynamic environment. You will ensure that the activities you are responsible for will be performed to an exceptional standard.

·       You possess an excellent command of English, being able to demonstrate negotiation, presentation and writing skills.

·       You are able to deal with cultural differences, conflicting interests, complex and unforeseen challenges, as well as to constructively cooperate with your peers in building a sustainable, effective and efficient working environment.

How to succeed

We 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 back you to develop into an even more awesome version of yourself.

More about you:

·       A completed academic education, preferably in economics, econometrics, or a quantitative specialization or comparable training.

·       Relevant work experience (min. 8 years) within the financial sector preferably within the banking sector.

·       Extensive knowledge in the field of Asset and Liability Management and new regulatory developments.

·       Sound knowledge of risk management and financial products.

·       Excellent in English, both verbal and writing.

Furthermore, you adhere to the ING values and it is evident to you that your behavior is fully aligned with these values. You are also prepared to take the Banker's Oath.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life and reward our people with a generous benefits offer and employment conditions.  

Questions?

 Contact Raluca Danea (