Senior Risk analyst Loan Loss Provisioning

We are looking for a Senior Risk analyst in the team Provisioning, Portfolio Management and Control. This role covers the total of the ING Group portfolio and offers unique exposure to the national and international business of the Bank.

The team

You will be part of the GCR/ Provisioning, Portfolio Management and Control team with 6 colleagues.

This team is (delegated) global process owner of the global IFRS 9 LLP process which includes providing policies and instructions, functional oversight over reporting units, analysis of the developments in the Provisions and related Management Adjustments, (SOx) controls, reporting to the ING Provisioning Committee (IPC), providing input for internal and external reports and disclosures, and resolving auditor and regulator queries.

Global Credit Restructuring (GCR) is globally responsible for a safe, compliant and data-driven credit loss process by managing loan loss provisioning (LLP), finding solutions for clients in financial difficulty and by closing the learning loop on lessons learned. GCR is part of the CRO/Credit Risk department. Next to GCR’s responsibility for ING’s LLP process, we take responsibility for finding solutions for borrowers in difficulty and act as the restructuring knowledge center for ING. We are committed to together preserve principal, maximise recovery and develop a strategy which best benefits ING Bank and its clients.

Roles and responsibilities

You will have an important role in coordinating the global quarterly LLP process. As Senior risk analyst, together with the rest of the team, you will provide correct figures on provisions in comprehensive (quarterly) reports for ING Group including all the business units worldwide. Your focus will be on the collective provisions, including the coordination on constructing the Macro Economic Scenarios, and proposals on Post Model Adjustments and relevant changes in IFRS9 models.

You add value by analysing the developments and trends in the collective provisions and can explain those to Senior Management in a clear way. You assist in identifying the need for Post Model Adjustments and when applicable you prepare proposals together with other local or central risk departments. As expert on the collective provisions you answer questions from auditors, supervisors and internal stakeholders.

Providing instructions to local units, coordinating the global LLP process, preparing input for the relevant LLP committees are part of your day-to-day work. You are in constant contact with risk colleagues of local units, with other central risk departments, with credit risk modelling and Vortex teams. You ensure the relevant SOx controls are performed.

Furthermore, you will be engaged in providing Senior Management with the relevant Management information and contribute to external Credit Risk disclosures. You will also participate in various credit risk related projects.

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’ll back you to develop into an even more awesome version of yourself.

As a senior Risk Analyst you have:

• At least 7 years of relevant working experience in the bank, preferably in (a combination of) Credit Risk, Model development/ validation or Finance.
• Experience with topics such as IFRS 9 credit risk models, Loan Loss Provisioning, (financial) analysis, reporting and internal controls (including SOx).
• Affinity with data and IT. You have proven experience with reporting and analysis tools such as Power BI, Excel etc. Preferably you have knowledge of SAS Enterprise Guide and SAS programming (Base/SQL).
• Excellent analytical skills, eye for detail and accurate.
• The ability to present complex content in an easy and transparent way
• Able to set priorities and to gather information from relevant parties.
• Flexible attitude and problem-solving mindset.
• Excellent communication skills, both in writing and reporting in English.

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 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 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.