Financial Risk Officer - IRRBB

at  ING

As a Financial Risk Officer specializing in Interest Rate Risk in the Banking Book (IRRBB), you will play a crucial role in managing and mitigating financial risks for ING. You will be responsible for identifying, evaluating, controlling, monitoring, and reporting on financial risks, with a focus on interest rate risk. You will work closely with senior risk management and the 1st Line of Defence to ensure effective risk management at portfolio, and balance sheet levels.

QUALIFICATIONS:

• A completed academic education, preferably in economics, econometrics, applied mathematics, or a comparable field.
• Relevant work experience (8-10 years) within the financial sector, preferably within the banking sector.
• Extensive knowledge in the field of Asset and Liability Management and regulatory developments regarding IRRBB.
• Sound knowledge of risk management and financial products.
• Excellent command of English, both verbal and written.
• Ability to deal with cultural differences, conflicting interests, and complex challenges, and to cooperate constructively with peers.

SKILLS AND COMPETENCIES:

• Strong quantitative background with an excellent understanding of different types of market risks.
• Good understanding of recent regulatory changes and requirements.
• Curiosity and openness to new developments, with the ability to master new material quickly.
• Pragmatic problem solver who can develop and support the implementation of IRRBB risk measures in a dynamic environment.
• Team player who adds value to the Financial Risk organization and ensures exceptional performance of responsibilities.
• Strong negotiation, presentation, and writing skills.

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.

• Identify, analyse, and quantify interest rate risk, and implement new regulations and risk systems for IRRBB.
• Review and implement risk policies to manage financial risks and prevent material and immaterial damage, including reputational damage.
• Execute stress tests and ensure proper life cycle management of relevant models and measurement and monitoring of applicable interest rate risk metrics.
• Advise on risk appetite levels and financial risk management decisions.
• Collaborate with various departments to enhance ING’s risk management capabilities.
• Provide support and challenge to senior risk management and the 1st Line of Defence in managing and reducing financial risks.