Financial Risk Specialist - IRRBB
Job Details
As a Financial Risk Officer specializing in Interest Rate Risk in the Banking Book (IRRBB), you will play a crucial role in managing and mitigating financial risks for ING. You will be responsible for identifying, evaluating, controlling, monitoring, and reporting on financial risks, with a focus on interest rate risk. You will work closely with senior risk management and the 1st Line of Defence to ensure effective risk management at portfolio, and balance sheet levels.
Working Environment: You will work in the Banking Risk tribe within the Financial Risk department, contributing to the worldwide management of market risks that affect ING Group’s consolidated balance sheet. You will work in a dynamic international corporate environment with professional colleagues who continually challenge each other to achieve the best results.
Key Responsibilities:
- Identify, analyse, and quantify interest rate risk, and implement new regulations and risk systems for IRRBB.
- Review and implement risk policies to manage financial risks and prevent material and immaterial damage, including reputational damage.
- Support the execution of stress tests, life cycle management activities of relevant models and measurement and monitoring of applicable interest rate risk metrics.
- Support, advice and enhance reporting activities to senior management.
- Advise on risk appetite levels and financial risk management decisions.
- Collaborate with various departments to enhance ING's risk management capabilities.
- Provide support and challenge to senior risk management and the 1st Line of Defence in managing and reducing financial risks.
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.
- A completed academic education, preferably in economics, econometrics, applied mathematics, or a comparable field.
- Relevant work experience (6+ years) within the financial sector, preferably within the banking sector.
- Proven knowledge in the field of Asset and Liability Management and regulatory developments regarding IRRBB.
- Sound knowledge of risk management and financial products.
- Excellent command of English, both verbal and written.
- Ability to deal with cultural differences, conflicting interests, and complex challenges, and to cooperate constructively with peers.
Skills and Competencies:
- Strong quantitative background with a good understanding of different types of market risks.
- Good understanding of recent regulatory changes and requirements.
- Curiosity and openness to new developments, with the ability to master new material quickly.
- Pragmatic problem solver who can develop and support the implementation of IRRBB risk measures in a dynamic environment.
- Team player who adds value to the Financial Risk organization and ensures exceptional performance of responsibilities.
- Strong presentation, and writing skills.
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. Find out more about our employment conditions.
The benefits of working with us at ING include:
- A salary tailored to your qualities and experience
- 25 - 28 vacation days depending on contract
- Pension scheme
- 13th month salary
- 8% Holiday payment
- Mobility Card
- Hybrid working
- Personal growth and challenging work with endless possibilities
About us
Curious about how ING empowers people and businesses to move forward? Discover what we do and what we can offer you.
Questions?
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.
Please note, multiple interview steps involving various business stakeholders will be part of the selection process.
