QRM Modeler / ALM Specialist

We are currently looking for several QRM modelers /ALM specialists to join our Market Risk Management team. Feel free to apply if you have a few years experience in QRM, but also more senior candidates are more than welcome to apply!

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 and 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.

How to succeed

• An academic degree (MSc or PhD), preferably in Econometrics or other quantitative studies such as Mathematics, Engineering & Physics
• Finished additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do so
• 4-10 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
• Experience with QRM, and/or other ALM systems is a must

Additionally, you should have

• 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

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 
• Personal growth and challenging work with endless possibilities 
• An informal working environment with innovative colleagues 
• Work Agile, so new ideas come to life faster 

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!