Quantitative Analyst

Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player in our market leader and challenger markets, with an additional presence in all the major international markets and specialist expertise in selected emerging markets and products.

Your role

The FM Quant team is a global team within the FM organization that provides quantitative expertise required to price and risk manage derivatives products. The main tasks of the team are in the area of model analytics and development.

The team based in Amsterdam consists of about 15 professionals that develop pricing and risk models that are used globally by different trading locations and risk departments, with a special emphasis on counterparty credit risk models.

Your key responsibilities

• Act as a medior specialist within the Quantitative Analytics team regarding pricing, counterparty credit and market risk models in a broad range of product areas such as equity derivatives, fixed income derivatives, foreign exchange derivatives and credit derivatives. This includes efficient implementation of the models using principles of good software design.
• Closely collaborate with the IT model integration team following the SCRUM methodology for software development.
• Co-operate with counterpart quantitative analysts within FM and also Risk departments and with colleagues from the trading desks and risk departments.
• Maintain tools, programming libraries and test environments that are set up to support the model development and integration.
• Perform quantitative analysis on market data, trade requests and pricing & risk functionality to support the business.
• Give general quantitative support to trading desks.

Who we are looking for?

A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.

We are looking for enthusiastic academics with excellent analytical skills. You have a keen interest in quantitative finance and risk modelling.

As a Junior Quantitative Analyst, you will also need:

• A university degree (preferably PhD) in a quantitative field (econometrics, mathematics, physics or engineering)
• Strong working knowledge of stochastic calculus and numerical methods (Monte-Carlo and PDE based methods)
• Knowledge of C++ and/or quantitative software packages (Matlab, Mathematica)
• Significant interest in- and knowledge of financial instruments (in particular credit products abd/or xVA with at least two years of experience) and the financial markets, including risks, pricing and revaluation as a result of market movements
• Fluency and excellent writing skills in English

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 here.  

The benefits of working with us at ING include: 

• A salary tailored to your qualities and experience
• 36 or 40 hour workweek
• Individual leave: 24+2 individual holiday days based on 36 hr workweek
• Diversity leave: 3 days per year (1,5 paid, 1,5 unpaid)
• CSR days: up to 2 days per year to actively engage in society by volunteering
• 13th month salary
• 8% Holiday payment
• Individual Savings Contribution (BIS), 3.5% of your gross annual salary
• Mobility card
• Attractive pension scheme
• Hybrid working to blend home working for focus and office working for collaboration and co-creation

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.

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 and apply today!