Market Risk Professional

As the Market Risk Management team of ING NL we are an energetic team of highly qualified professionals, responsible for managing the balance sheet of ING NL. We do this by hedging our interest rate and liquidity risks in close cooperation with the ING Group Treasury department. We maintain close relations with our business stakeholders, advise them on product and pricing changes and make them aware of all relevant (macro-economic) trends and consequences such as the developments of the interest rates in the market.

The Team

Our Market Risk Management team consists of about 30 experts, determined to advise our business stakeholders to deliver on our purpose to achieve sustainable progress for all. Client behaviour is crucial to us and we use lots of data to explore, model and forecast it with state-of-the-art modelling methods and technologies. The position offers excellent opportunities to broaden your market risk / asset & liability management and data analytics competencies while further developing your soft skills by advising and collaborating with our stakeholders. We work in an agile way and we believe that empowerment is crucial for you to flourish and be successful.

Besides our core ALM activities, our team is involved in strategic programs such as the full migration to the target ALM solution of ING Group built in QRM and the transfer of the mortgages administration to STATER. Hence, this position offers opportunities to contribute to these impactful change programs as well.

Role & Responsibilities

We are looking for a colleague who wants to develop a successful career in managing market risks.

• You will become responsible for managing roughly EUR 150-180 bio. of assets and liabilities contributing to around one-third of the overall ING P&L. You will perform this responsibility in one of our squads.
• Your main task is to hedge the balance sheet in order to realise a stable margin and Net Interest Income for ING. The hedges are largely dependent on client behaviour, so you will monitor and model the behaviour and spot emerging trends using big data analytics.
• Because our hedges influence the cost price of our products, you will be asked for advice by the business tribes in pricing and product decisions. In doing so, you have to know all the details of our product offerings (mortgages, savings, current accounts, business loans, consumer loans). 
• You will play a central role within ING and your activities will impact ING’s overall P&L. Your success will depend on your ability to maintain good relations with our stakeholders, i.e. CRO NL divisions, Finance, the Business Tribes, Group Financial Risk, Model Validation, Group Treasury and also our external stakeholders ECB, DNB and the external auditor of ING.
• You take part – directly or indirectly – in the migration of ING NL to QRM for the monthly hedging process and the migration of our mortgages administration to STATER.

How to succeed

• An academic degree (MSc or PhD), preferably in Econometrics or other quantitative studies such as Mathematics, Engineering & Physics
• Completed additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do so
• Minimum of 2 to 3 years of relevant experience in the financial sector (e.g. banking, insurance, consulting)
• Extensive knowledge of financial risk management, relevant regulations, e.g. Basel/IRRBB, modelling and hedging techniques
• Knowledge of – and preferably experience with the parameterization of – behavioural ALM models (prepayment, non-maturing deposit modelling)
• Experience in being a sparring partner/advisor to Senior Management
• Experience with SQL and coding (e.g. Python, R) is an advantage as well as experience with QRM, and/or other ALM systems
• Excellent analytical skills with a strong attention to detail
• Interest in financial services, an innovative take on banking and a drive to turn your ideas into reality
• The ability to challenge the status quo
• Great team player skills
• And of course you should be fluent in English

Furthermore, you should adhere to the ING values and it is evident for you that your behaviour is fully aligned with these values. You should  also be prepared to take the Banker's Oath. For more information, please visit  http://www.ing.jobs/Netherlands/Why-ING/This-is-ING-too/ING-Values.htm

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.

Rewards & 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 https://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 around 60,000 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.