Head of Market Risk at ING

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

01 Feb, 26

Salary

0.0

Posted On

03 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Market Risk, Interest Rate Risk, Funding Risk, Liquidity Risk, Quantitative Skills, Financial Markets, Risk Management, Stress Testing, Team Leadership, Policy Development, Stakeholder Reporting, Analytical Skills, Problem Solving, Motivational Skills, Innovative Solutions

Industry

Financial Services

Description

At ING Australia, you will have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. And we are counting on your unique voice and perspective to help ING Australia become even better. The Head of Market Risk is a key Line 2 role within our wider risk management domain where you will be responsible for the effective identification, measurement and monitoring of Market Risk for the Bank including interest rate risk, funding and liquidity risk. You will utilise your specialist knowledge and quantitative skills in the development and refinement of Market Risk policies and analytics, with the aim of defining and maintaining a superior Market Risk Management framework (including risk appetite) that meets the requirements of APRA and, where relevant, the ECB. This niche role offers a market risk subject matter expert a career development opportunity during an exciting time of growth. Success in the role will include leveraging a combination of technical skills, knowledge and experience with the ability to influence and challenge at a senior level. Ready to make an impact? What you’ll do Develop and maintain the interest rate and liquidity and funding risk framework, covering overall approach, product approval SME support, risk identification in line with IBALs risk appetite statement Maintain all related Market Risk policies, procedures and standards Propose, monitor and maintain models and processes for measuring non-traded interest rate and liquidity ( experience with product portfolios replication/FTP transfer ) Stress testing design, plan, execution, analysis and reporting . Measure the vulnerability to loss under stressful market conditions, including breakdown of key assumptions Provide timely and accurate reporting and information to the Board and various stakeholder groups to a Senior level Independently review, challenge but also support the first line with the measurement, monitoring, reporting and management of interest rate, liquidity and funding risk as well as provide independent analysis Build and lead a high performing team What we’re looking for Minimum of 7-10+ years relevant market risk experience within Banking and Financial services Tertiary qualification in Finance/ Mathematics/ Statistics/ Actuarial Sciences/ Other degree with strong mathematical component Solid understanding of financial markets and instruments with hands-on knowledge of market risk management techniques and processes Specific knowledge and experience of interest rate risk, funding and liquidity risk. Modelling of replicating portfolios, transfer pricing and stress testing methodologies A working knowledge of APRA prudential standards relevant to market risk Proven ability to engage and motivate individuals and team in a challenging, complex and dynamic environment Skill in conceptualising and developing innovative solutions to business challenges, improving processes/systems What’s in it for you? Drop everything and learn with over 16,000 professional and personal development courses to choose from Discounted ING Health Insurance An additional Rest Day to support your wellbeing About Us At ING, we’re all about making life simpler and more rewarding - for the people who bank with us, the team members who work with us, and the communities we’re proud to support. Joining ING means stepping into an environment where your individuality isn’t just welcomed - it’s celebrated. We’ve built a culture that’s fun, inclusive, and supportive, giving you the freedom to be yourself, so you can do your thing. Whether you’re taking ownership of exciting projects, thinking outside the box, or working with global colleagues, you’ll find ING is the kind of place where growth isn’t just a possibility; it’s a promise. As a WGEA Employer of Choice for Gender Equality and Family Inclusive workplace, you’ll feel the difference in how we value and champion our people. We make hiring decisions based on your skills, capabilities, and how you align with our values - not on ticking every box. So, if you’re interested but don’t meet all the criteria, we encourage you to apply. We’re invested in fostering a diverse and inclusive workplace where everyone feels like they belong. We’re your allies in helping you do your thing during the recruitment process, so let us know if you require any support or adjustments when you apply. Let us know if you’d like to chat with an LGBTQ+ Confidential contact. Sound like your kind of vibe? We can’t wait to hear from you! (One last note: We operate using a direct talent sourcing model, so no agency introductions, please.) ING is Australia’s most recommended bank according to RFI Global’s Consumer Atlas Survey, January–June 2025 (n = 29,510) when compared to customers of the 10 largest ADIs operating in Australia. Need more? Contact Mark Montgomery on mark.montgomery@ing.com. Applications close Monday 17th November Before you apply Here at ING we consider employee development to be important and encourage existing employees to apply for suitable internal positions. It is expected that any employee applying for a vacant position would have been in their current role for a minimum of twelve (12) months before applying. This may be waived in special circumstances and after consultation with your manager #LI-DNI We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar – like location and job type – to help you find the perfect fit. Start exploring now and discover where your next career move could take you!

Responsibilities

The Head of Market Risk is responsible for the effective identification, measurement, and monitoring of Market Risk for the Bank. This includes developing and maintaining the risk framework and providing timely reporting to senior stakeholders.