Type:
Permanent employment
Location:
Amsterdam
Education:
Master (EQF 7)
Published:
13/07/2021
Status:
Open
Apply before:
31/12/2021
Hours p/wk:
36
More information

Description:

Financial Risk Officer

Background

We are looking for a committed and collaborative team player, who loves learning more about balance sheet risk management to strengthen our Financial Risk Functional Development team. ING Bank wants to roll out one standard implementation for Interest Rate Risk and Forecasting in our banking books. Regulations and internal risk management insights require us to enhance our ALM capabilities to be implemented consistently throughout ING Bank. We are a team that develops new functionality and methodologies for risk management in one target platform (QRM). Our team looks to find the right balance between conceptual risk management and practical implementation solutions.

 

Our objective is to enhance the “ING standard” configuration for the QRM roll-out in all locations ING operates in, such that it enables us to report and calculate the core Risk figures in QRM (NII- and NPV-@risk). When joining the team you will work on the implementation of (amongst others) replication/hedging and IRRBB reporting, as well as supporting the team with ad-hoc solutions to practical problems that arise during new functional implementations.

 

What you will do

Development of IRRBB measures, implementation of target behavioral models, IRRBB scenarios and hedging replication:

  • analyse risk measurement figures and methods.

  • analyse configuration fit and gaps on new functionality (either from IRRBB or Rolling forecast).

  • investigate remediating actions to close gaps.

  • coordinate resulting data required functional transformations.

  • the end criterion is that output figures for reporting are covered in full and signed off by the users.

  • develop new functionality in our target model, such as replication processes and new behavioural models.

How to succeed

Our future colleague should be an analytical thinker with the ability to create, challenge and improve risk monitoring techniques and measures. The candidate should be able to connect and communicate clearly both to team members and stakeholders. Also a pro-active attitude, willingness to develop and learn new things and continuously look for improvements within the team and tribe is appreciated.

 

We look for someone with the following skills/profile

  • Collaborates well in a team environment.
  • Adaptable person.
  • Analytical thinker.
  • Proficient oral and written communication skills in English.
  • Master’s degree in econometrics, mathematics, economics, finance or similar study.
  • IT affinity.
  • Desire to grow.

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. Discover yourself our employment conditions.;

  • A relocation package
  • A salary tailored to your qualities and experience;
  • Flexible working hours and the possibility to work at home;
  • 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.

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 on the website.

 

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.