Junior Financial Risk Specialist - Customer Behaviour Risk Liability Squad

Within ING’s Financial Risk organization, the Banking Risk Management department manages risks associated with the banking activities of the ING Group across all business lines. Key risk categories include Interest Rate Risks, Funding & Liquidity Risks, Treasury Risks, and Customer Behaviour Risks.

The Customer Behavioural Risk team is responsible for:

• Global oversight of behavioural modelling and replication in the Banking Books, including replication towards the Global Treasury function.

• Development and execution of global model lifecycle management requirements for customer behavioural risk and replication models.

The team owns behavioural risk and replication models used for measuring and managing interest rate and liquidity risks in commercial books, such as mortgage prepayments and savings modelling, and provides functional steering and oversight across ING locations worldwide.

Team members work in a collaborative and intellectually stimulating environment, continually challenging each other to excel. Working within Financial Risk at ING Bank entails engaging in a dynamic international corporate setting, collaborating across various levels and departments.

Main activities

• Model lifecycle management of Assets and Liability customer behavioural risk and replication models

• Global functional steering of customer behavioural risk and replication models

• Maintaining close relationships with model stakeholders worldwide

• Performing periodic asset and liability reviews

• Executing financial risk analysis and assessments

• Advising Senior Management and Committees

• Enhancing the ALM modelling landscape

• Reviewing Minimum Standards and Governance

• Monitoring alignment to Financial Risk and modelling standards

Who we are looking for

We seek a colleague with a quantitative background and a comprehensive understanding of market risks, including interest rate, liquidity, and FX risks. You should understand the complexities of a global banking group and recent regulatory changes and requirements. Curiosity and quick mastery of new material are essential, as is the ability to respond effectively to the needs of others as an expert advisor.

You are a pragmatic problem solver who can support the model lifecycle management of Assets and Liability customer behavioural risk and replication models in a dynamic environment. Being a team player who adds value to the Financial Risk organization is crucial. You should have excellent command of English, with strong negotiation, presentation, and writing skills, along with cultural sensitivity, conflict resolution, and effective collaboration.

Your profile & skills

• A completed academic education, preferably in economics, econometrics, or a quantitative specialization or comparable training.

• Relevant work experience (>3 years) within the financial sector, preferably within the banking sector.

• Knowledge of Asset and Liability Management and regulatory developments.

• Sound knowledge of risk management and financial products.

• Proficient in data analysis using Python and Power BI

• Proficiency in English, both verbal and written.

Furthermore, adherence to the ING values is required, and aligning your behaviour with these values is essential. Willingness to take the Banker's Oath is also necessary.

Rewards and benefits

The benefits of working with us at ING include:

• 25-28 vacation days depending on contract
• Pension scheme
• 13th month salary
• 8% Holiday payment
• Hybrid working
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues