Financial Risk Manager

As a first-line Financial Risk Manager you are responsible for the management of the financial risks of the Financial Markets & Treasury department. You monitor limits set on the basis of risk metrics and are the sparring partner within the department when it comes to market (interest rate and currency) and credit risks.

The first-line Financial Risk Manager is part of the Markets Infra team that falls under the Financial Markets & Treasury department (FM&T). The team focuses on risk management, valuation and reporting, including valuation controls, curve construction, ratings, market data, benchmarks and risk policy implementation.FM&T ensures the optimal implementation of de Volksbank's treasury, funding, capitalisation and investment policy, as well as the execution of the hedges for the banking book. FM&T actively manages the bank's financial risks, as such guaranteeing the continuity of the bank as a whole. In this role you work closely with FM&T colleagues from the Front office, Back office and Control.Your job responsibilities at a glance:

• Monitoring the risk profile of FM&T;
• Acting as a point of contact for traders regarding proposals for limits and investments and the assessment of limit proposals;
• Analysing counterparties’ risk profiles;
• Coordination with second-line Risk on laws and regulations and policies;
• Drawing up risk reports for supervisory authorities;
• Analysing Value-at-Risk, expected shortfall and stress reports;
• Risk monitoring of daily risk transfers between the banking and trading books;
• Periodical testing and validation of the Value-at-Risk model;
• Participation in projects that require risk-related input, such as a Quantum upgrade or fundamental review of the trading book;
• Acting as a point of contact for other risk-related topics.

The Financial Risk Manager acts as a proactive sparring partner, by identifying, advising and monitoring market and credit risks on the basis of his/her expertise.

In addition, climate risk is playing an increasingly important role in assessing all the risks of an organisation. The addition of climate risk to the risk management strategy has led to a greater need to identify, analyse and model climate risks. It is the first-line Risk Manager’s role to analyse these risks within FM&T and advise senior management.About the Markets Infra teamThe Markets Infra team is a small multidisciplinary team with IT specialists, valuation experts and the first-line Financial Risk Manager. De Volksbank operates in an environment where there are increasing demands in terms of new data and the quality of data and where the need to use technology is increasing. The Markets Infra team plays an important role in this field. Given its knowledge of FM&T products, internal systems, models and valuations, the team is able to provide high-quality data and respond quickly to new data requests.Apart from having a great deal of responsibility in this position, you work with professionals from other parts of the organisation. Not only you work with colleagues from de Volksbank’s second-line Risk, but also with other teams within FM&T, such as colleagues from Control and Policies, for example to implement new laws and regulations.Your qualities

• A university degree, in a quantitative field;
• At least 3 years of relevant work experience in managing financial risks in the banking sector;
• Relevant knowledge in credit and market risk;
• Experience in modelling in Excel, Python or SQL is a plus;
• Excellent communication and advisory skills.

What we offer

The monthly gross salary for this position ranges between € 4.107,- and € 6.318,- on the basis of a 36-hour work week. In addition, de Volksbank offers the following interesting and flexible fringe benefits:

• 36-hour work week, for example 4x9.
• An individual choice budget (IKB), you can choose when you receive your vacation allowance and thirteenth month.
• 208,8 holiday hours on full-time employment.
• Good collective pension plan.
• Good work-life balance and we are flexible in working from home.
• Personal training budget of 750 euros per year. You can save this amount up to 2250 euros.
• Every 5 years a budget of 900 euros to furnish your home office.
• NS Business Card and a compensation per km if you cycle to work.
• Bicycle plan to purchase a bicycle at a low cost.
• Partially paid voluntary work.
• Vitality program with workshops and coaching for your mental and physical health.
• Laptop and phone.