Financial Risk Officer - IRRBB
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.
The Team
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.
Roles and 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.
- Execute stress tests and ensure proper life cycle management of relevant models and measurement and monitoring of applicable interest rate risk metrics.
- 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 back you to develop into an even more awesome version of yourself.
Qualifications:
- A completed academic education, preferably in economics, econometrics, applied mathematics, or a comparable field.
- Relevant work experience (8-10 years) within the financial sector, preferably within the banking sector.
- Extensive 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 an excellent 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 negotiation, 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. You can find out more about our employment conditions at
http://www.ing.jobs/netherlands/Why-ING/benefits.htm
The benefits of working with us at ING include:
- A salary tailored to your qualities and experience
- 24-27 vacation days depending on contract
- Pension scheme
- 13th month salary
- Individual Savings Contribution (BIS), 3.5% of your gross annual salary
- 8% Holiday payment
- Hybrid working to blend home working for focus and office working for collaboration and co-creation
- Personal growth and challenging work with endless possibilities
- An informal working environment with innovative colleagues
About us
With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.
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.
Please note, multiple interview steps involving various business stakeholders will be part of the selection process.
