ING Bank is rolling out one standard implementation for Interest Rate Risk and Forecasting in the banking books. Regulations and internal risk management insights require us to enhance our ALM capabilities to be implemented consistently throughout ING Bank. We (the Financial Risk Functional Development team) develop 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 our ALM systems and setup roll-out in all locations ING operates in, such that it enables us to report and calculate the core Risk figures (NII- and NPV-@risk). When joining the team you will work on the implementation of replication/hedging and IRRBB reporting, as well as supporting the team with ad-hoc solutions to practical problems that arise during new functional implementations.
You will play a central role within ING and your success will depend on your ability to maintain good relations with our stakeholders, i.e. ING locations, Finance, Corporate Financial Risk and also our external stakeholders ECB, EBA, DNB and the auditor of ING.
We are looking for a committed and collaborative senior team player, who has a proven track record in implementing ALM systems within a large Financial Institution. Also you understand complex ALM data and calculations and how these contribute to managing ALM risk.
Tasks to be performed
Development of IRRBB measures, implementation of target behavioral models, IRRBB scenarios and hedging replication:
- Translate (external) business data requests into understandable and actionable items and designs for the team.
- Align and agree results with main stakeholders and management.
- Develop new functionality for our target model in QRM to structurally support an efficient delivery of complex data requests.
- Coordinate and agree on the implementation of the solution in our ALM landscape with main stakeholders.
Who we are looking for?
Our future colleague should be an strong analytical thinker with the ability to create, challenge and improve risk monitoring techniques and measures. The candidate should be a team-player and should have a strong network within ING Bank and be able to communicate and align clearly to stakeholders (e.g. other locations such as DBNL or ING DiBa) and senior management. Also a pro-active attitude, willingness to develop further and continuously look for improvements within the team and tribe is appreciated.
Personal profile
We look for someone with the following skills/profile
·Collaborates well in a team environment.
·Proficient oral and written communication skills in English.
·Minimum of five years of relevant experience in the banking sector.
·Master’s degree in econometrics, mathematics, economics, finance or similar study.
- Extensive knowledge of financial risk management, relevant regulations on IRRBB, (ALM) modelling and hedging techniques.
- Proven track record in implementing a ALM system (e.g. QRM) in a large Financial Institution.
What do we offer?
·A senior role that will give you exposure to locations and management.
·Working in a team with a common goal.
·Diverse and friendly work environment.
·Full-time hours with a competitive salary and benefits (function scale 11).
