Experienced Financial Risk Specialist – Settlement Risk

ING is looking for a Financial Risk Specialist to further role-out the risk management framework for Settlement Risk within ING's Financial Risk department.

The Financial Risk (FR) department is a head office function that sets and controls the financial risk strategy across the organization. The department provides strategic guidance on financial risk (in trading and banking books and related to the ING balance sheet), safeguards regulatory compliance, is the owner of risk models for banking and trading risk and acts as risk manager for Treasury activities globally.

The Team - Settlement Risk

The FR department has recently become responsible for the set-up of the portfolio risk management and analysis activities related to Settlement Risk. The Settlement Risk specialist will act as the Center of Expertise for this risk type. As Settlement Risk is closely related to Credit and Counterparty Credit Risk, and to the operational processing of transactions in the Financial Markets and Treasury domain, this function will be actively working together with respective departments.

Initially the Settlement Risk specialist will focus on the set-up of a risk function and risk management process that is compliant with external regulation and internal guidelines. As a next step, these activities will be embedded in the structural responsibilities of FR and be part of the ongoing risk management activities.

Roles and responsibilities

• Center of Expertise on settlement risk

• Global, functional oversight of settlement risk in ING Group

• Coordination and steering towards locations and stakeholders (e.g. first line business, other risk functions, finance and operations)

• Portfolio analysis of settlement risk exposures

• Set and monitor (portfolio) risk appetite and limits, including related capital implications

• Oversee regulatory reporting for settlement risk

• Advise senior management and committees on settlement risk

• Write/propose, explain and align on functional requirements

• Coordinate the implementation of regulatory requirements

• Support communication towards the supervisor on settlement risk

The department has an open, informal atmosphere and a strong ‘getting things done’ mentality. You have the opportunity to keep learning, take on responsibility and challenge yourself. In return we'll invest in you and help you reach your true potential.

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

Candidates should have strong analytical skills and the ability to create, challenge and improve risk analysis and monitoring processes. Also, the candidate has good communication skills – to interact with various stakeholders and team members in a timely and professional manner – as well as critical thinking and a pro-active attitude.

Candidates with banking sector experience (at least 5 years) in Trading / Treasury front office or risk management roles will have our preference.

Your profile

• Strong analytical and quantitative skills (the breakdown of complex issues in manageable pieces)

• Good communication skills, both verbally and in writing

• Good understanding of financial market products like FX products

• Able to read and understand regulatory and supervisory requirements

• Able to identify problems independently and to solve them with the help of experienced staff, also involving the appropriate parties

• Result-driven and able to push things forward in a persistent and constructive manner

• Able to manage different stakeholders and navigate different cultural environments

• Decisive and resilient

• Changeable and flexible, able to act swiftly in changing situations

• Well structured, autonomous, highly adaptive, flexible team player

• Thrive while working in a fast-paced, dynamic environment

Rewards and benefits

We want to ensure you can strike the right balance between your career and private life. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm. The benefits of working with us at ING include the following:

• A salary tailored to your qualities and experience

• 24-27 vacation days, depending on the con