Market Risk Professional

Role & Responsibilities

We are looking for a colleague who wants to develop a successful career in managing market risks.

• You will become responsible for managing roughly EUR 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 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, Group Financial Risk, Model Validation, Group Treasury and also our external stakeholders ECB, DNB and the external auditor of ING.
• You take part – directly or indirectly – in the migration of ING NL to QRM for the monthly hedging process and the migration of our mortgages administration to STATER.

How to succeed

• An academic degree (MSc or PhD), preferably in Econometrics or other quantitative studies such as Mathematics, Engineering & Physics
• Completed 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 (e.g. 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 SQL and coding (e.g. Python, R) is an advantage as well as experience with QRM, and/or other ALM systems
• Excellent analytical skills with a strong attention to detail
• Interest in financial services, an innovative take on banking and a 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