ALM Business Analyst

Background on what ING is about

ING Hubs Philippines (ING Hubs PH) is an international part of the ING organization delivering services to many Business Units across the world for both Wholesale Banking and Retail Banking activities. Working for ING Hubs PH means working with the most diverse workforce and where no challenge is the same.

At ING our purpose is to empower people to stay a step ahead in life and business. We believe that sustainable progress is driven by people with the imagination and determination to make a better future for themselves and those around them.

ING is changing what banking is. For you, that means plenty of opportunities for personal growth in a continuously evolving environment. If this is the environment you thrive in, then apply and join us in changing the future of banking!

Job Overview

The Asset and Liability Management (ALM) Tribe is an international team of around 90 specialists operating from Netherlands (Amsterdam), Poland (Warsaw), and Philippines (Manila). This team is divided into smaller squads. One of the squads is the ALM Services Team that is responsible for providing support to local risk managers. The team works with QRM (Quantitative Risk Management – ALM Tool) to deliver the set of analyses with focus on Interest Rate Risk in the Banking Books (IRRBB). It mostly covers balance sheet forecasting and financial valuation calculated based on various behavioral assumptions and interest rate scenarios.

One of ING’s most important strategic objectives is the development of the ALM platform. Currently, the ALM platform is being transformed into a group-wide standard to support global and local requirements, and step by step countries are onboarded.

As part of the development of the ALM platform, we are looking for a Customer Journey Expert (Business Analyst) to join us. As a Business Analyst, you will play a crucial role in having a deeper understanding of the QRM, in investigating issues, and explaining the figures in the system.

Key Responsibilities

• Single point of contact for risk managers from various ING entities around the globe,

• Second line support for monthly processes,

• Investigation to address queries from ING entities & solution recommendation,

• Implementation of location specific requirements onto QRM (risk computation software), providing description of change and test evidence,

• Safety guardian of the IRRBB metrics,

• Foster automation of existing processes

Key Capabilities/Experience

• Strong knowledge of risk management methodology

• Ability to break down NPV and NII measures into risk factors

• 3+ years of experience within Asset and Liability Management (ALM) and/or Interest Rate Risk Management

• With good working knowledge of any ALM software (i.e., QRM, Fusion Risk, OneSumX, Moody's Analytics)

• Knowledgeable on approaches to model the banking book products (mortgages, savings, current accounts)

• Experience with SQL Power BI, and VBA,

• IT affinity

• Experience in Agile (Scrum) way of working is preferred.

• Strong communication skills and like to liaise with stakeholders such as local risk management departments, finance, data teams, UAT team, and model developers

• Is a team player and a problem-solver

• Enjoys working in an international team and environment

• Proactive and eager to learn

Minimum Qualifications

• Bachelor’s or master’s degree in econometrics, mathematics, economics, or similar quantitative study

• 5+ years in Finance industry (Bank or insurance company)

• 5+ years of experience in Market Risk/Asset Liability Management

• Certification is a plus (CFA level 1, FRM)

• Highly proficient in English

• Willing to work in One Ayala Tower, Makati City

• Wiling to work in a hybrid setup (30% onsite)

• Willing to be flexible with shift (day/mid-shift)