Counterparty Credit Risk Specialist

CCR Portfolio Risk Management brings together portfolio risk management and oversight, covering ongoing portfolio monitoring and deep dives, stress testing, wrong way risk, transaction analysis and establishing a Risk Appetite Framework for CCR.

It is a dynamic team of risk managers combining both market and product knowledge with complex risk measures.

Specific Tasks and Responsibilities

• Support initiatives to align the firm’s CCR framework with industry best practices and regulatory requirements, and serve as a subject matter expert on ECB findings and BCBS guidance regarding CCR.
• Continuously monitor exposure-driving asset classes and credit events in global markets to assess portfolio risks, ensure timely risk insights and proactive risk management.
• Use market assessments to produce thematic portfolio deep dives including wrong way risk, concentration and correlation risk, and sector, single name and transaction analysis.
• Leverage and enhance the CCR stress testing framework to assess portfolio vulnerabilities and inform daily risk management decisions.
• Understand the application landscape, key input data, and exposure metrics related to CCR, using this to identify key risks and to prepare and coordinate materials for management committees, internal audit and regulatory engagement.
• Drive discussions with Credit Exposure Group, Model Validation, IT, Front Office, Collateral Management, Risk, Legal, and other key stakeholders to identify, prioritize, and resolve CCR issues, ensuring alignment on risk appetite limits and enhancing the overall CCR framework.
• Maintain awareness of model developments and IT system implementations to ensure change projects remain on schedule and achieve desired outcomes.
• Represent the CCR team in firmwide initiatives, including new product approvals.

Specific Knowledge and Experience

• University degree in Business, Finance, Statistics, Economics, Econometrics or a comparable field.
• 2–4 years’ experience in a counterparty risk role within a banking institution.
• Deep product knowledge across fixed income, equities and commodity markets.
• Strong knowledge of the CCR regulatory landscape and industry best practices.
• Excellent communication skills to confidently engage with cross-functional teams and provide an effective second line challenge to the business.
• Programming knowledge is an advantage.

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.

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.