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Financial Data Analyst

Baan in Amsterdam, Nederland
Geplaatst

Soort opleiding

Master

Functie

Analist

Taalvereiste

Engels (Vloeiend)

Werk ervaring

1 tot 3 jaren

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Risk & Capital Integration (RCI) is a staff department within the Risk domain directly reporting to the Chief Risk Officer (CRO). RCI is an international team of highly qualified professionals with an open and informal atmosphere, located in Amsterdam. RCI consists of the Capital Analytics team  (9 persons) and a Recovery & Resolution Planning team (7 persons). Its mission is to provide and promote a consolidated and consistent risk framework at ING Group level and to support the application of this framework within different dimensions of the group.

To accomplish this, RCI plays a role with respect to various topics, such as:

  • Recovery Planning: In response to the crisis ING has set up an all-encompassing group wide Recovery Plan to enhance the bank’s readiness and decisiveness to tackle financial crises on its own strength. The Recovery Plan is updated annually and assessed by the ECB and other supervisors. The recovery plan consists of a number of modules related to ING’s financial, legal and operational structure, crisis governance, monitoring, recovery options, operational stability and scenarios. In addition the team is responsible for coordinating and organising the biennial Dry Run of the Recovery Plan.
  • Resolution planning: It is the responsibility of RCI to collaborate with the SRB – which is the responsible resolution authority to develop ING’s resolution plan -  and internal stakeholders to support the SRB with the development of ING’s resolution plan. In addition, RCI is responsible for leading internal work streams and projects to the increase ING’s resolvability by implementing the necessary financial, legal and operational preconditions.  It is RCIs objective together with several Finance and Risk departments, Group Treasury and the business, to develop effective Plans that fulfil regulatory requirements and take the necessary steps to become resolvable.
  • Risk Appetite Framework: With respect to risk appetite setting, RCI is responsible for the preparation of the proposal of the high level risk appetite statements to the Executive Board, and also for the preparation of the periodical report which shows whether or not the actual risk profile is in line with these risk appetite statements. For this purpose RCI, has developed so-called risk dashboards which provide consolidated values for several risk metrics taking into account the different risk types  such as credit risk, market risk, operational risk and business risk.
  • Stress testing: This has become a very important risk management tool during the past years. ING performs both internally and externally defined stress tests, for which RCI coordinates/carries out the selection of scenarios, consolidation of the results, presentation of these results to senior management, communication with regulators and other stakeholders, etcetera.
  • New regulations: As a response to the financial crisis, banks are confronted with an ongoing amount of new regulations (Basel IV, CRR/CRDIV amendments, etc). RCI is, together with other finance and risk departments, responsible for making sure that we are prepared for these regulations, and that these are properly reflected in future capital projections.
  • Peer analyses: It is of paramount importance that we are aware of developments within other financial institutions with respect to e.g. solvency, liquidity, balance sheet development, loan loss provisioning and MREL/TLAC. Therefore, RCI regularly performs peer comparisons to identify developments within other banks, and potentially areas where ING is an outlier.
  • Disclosures: RCI coordinates the risk related disclosures in the annual and quarterly reports. Furthermore, RCI provides risk information to amongst others the Investor Relations department and coordinates information requests from regulators and rating agencies.

What you'll do

We are looking for a Research and Advice Professional to strengthen our Recovery & Resolution team. As part of this team your main responsibilities will be:

  • Prepare modelling and data collection for the Financial Business Review (FBR) an internal report for senior management and collaborate with internal stakeholders;
  • Contribute to RCI’s innovation goals by organising/implementing new ideas with regard to the use of data within RCI and ING;
  • Prepare internal documents for senior management such as the monthly and quarterly Recovery Monitoring report which updates the CFO/CRO on ING’s financial situation;
  • Contribute to the annual revision of the ING group Recovery Plan to ensure that the Plan remains fit for purpose by further development and evolution of the models used for the recovery plan (recovery options and scenario analysis);
  • Perform analysis of resolution strategies and Loss Absorbing Capacity (MREL/TLAC);
  • Contribute to specific RRP related projects to increase ING’s resolvability such as valuation in resolution, operationalising the resolution strategy, critical functions and services;

How to succeed

Our requirements with respect to your qualifications include:

  • A Master degree in (business) economics, econometrics, mathematics or a similar education;
  • Strong quantitative and analytical skills, preferably in the area of credit risk analysis and modelling (Vortex, SAS, regulatory models);
  • Hands on mentality;
  • Acquainted with the ING organisation and experience with Agile Way of Working;
  • Ability to work with demanding senior stakeholders, both internally and externally;
  • Excellent communication skills, organisation sensitivity and teamwork;
  • Fluency in English (both written and verbal).

What we offer

A unique offer that fits in with the times of today. We take into account your home situation and your ambitions and help you to balance work and private life. Discover yourself our employment conditions.

To give you an idea, we will tell you about the benefits of working at ING:

  • A salary tailored to your qualities and experience
  • Flexible working hours and the possibility to work at home
  • Reimbursement for travel expenses
  • 24 vacation days with a 36-hour working week. If you work 40 hours a week, you will receive 27 vacation days
  • Pension scheme
  • 13th month salary
  • Individual Savings Contribution (BIS), 3.5% of your gross annual salary
  • 8% Holiday payment
  • Personal growth and challenging work with endless possibilities to realize your ambitions
  • An informal working environment with innovative colleagues who strive for the very best
  • Progressive way of working according to the Agile method, so that new ideas come to life

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.

About us

With around 52,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to make a difference. We hire smart people like you for your potential, not your past. Our biggest expectation is that you’ll stay curious. Keep learning. Take on more responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

If you want to work at the cutting edge of what’s possible, surrounded by progressive, inspiring and supportive colleagues, there is no better place to invest your talents than at ING. Join us. Apply today. 

Delen:

ING Bank is een wereldwijde financiële instelling met een sterke Europese basis gericht op het leveren van bankdiensten. Door onze kennis en ervaring, toewijding om uitstekende diensten te verlenen en wereldwijde activiteiten kunnen wij voldoen aan de wensen van een brede klantengroep. Deze bestaat uit particulieren, gezinnen, kleine bedrijven, grote ondernemingen, instellingen en overheden. Onze klanten staan centraal bij alles...

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