Valuation and hedge accounting specialist

Valuation and Hedge Accounting Specialist

Summary:

NIBC's Finance department is looking for a valuation and hedge accounting specialist within its Product Control team.

Job Description:

What will you do?

As a Product Controller, you will work in a dynamic environment where the bank’s hedging activities are continuously impacted by changing market conditions and regulations. You will focus on determining and analyzing the fair values of the Bank’s financial instruments and management of our hedge relationships and hedge accounting processes. This involves complex valuation models built and managed in our modelling environments. You will run, analyze and continuously improve these models. You will challenge valuation and hedge accounting results by performing in-depth analysis on inputs, intermediate outputs and results.

Your team

As a valuation and hedge accounting specialist you will join the Product Control team of NIBC’s Finance department. Within the Finance department, the Product Control team is responsible for the valuation of financial instruments, the execution of hedge accounting and controlling the portfolios managed by the different businesses, as well as performing the monthly closing procedures and preparing the IFRS-based financial statements and disclosures for NIBC. Within the team, with a mix in experience and backgrounds, we strive for an informal, collegial atmosphere where respect, appreciation and positivity are core values.

NIBC as organization

Founded in 1945 to finance the visionary entrepreneurs who helped rebuilding the Netherlands after the second World War, NIBC was closely collaborating while professionally supporting companies and individuals in realizing their dreams and goals with a sustainable future in mind. As a multicultural midsize bank with a working environment that is best described as dynamic and ambitious, we share a forward-thinking, can-do attitude with our employees and clients which we call our THINK YES mentality. Our corporate values are Professional, Adaptive, Collaborative and Entrepreneurial. By building our company on optimism and mutual trust, and with our THINK YES mentality, NIBC is an enterprising bank that enables ambitions.

The Finance department supports management with information to effectively steer the organization with timely, reliable and relevant information. It ensures NIBC is compliant with applicable laws and regulations regarding financial and regulatory reporting. The department constantly refines the design, implementation and maintenance of the operating model that fits NIBC’s business strategy of constant development of new commercial efforts.

What’s in it for you?

NIBC is an ambitious environment where together we strive to create a fantastic workplace where you feel safe and challenged to be the best version of yourself. This is in line with our Professional, Adaptive, Collaborative and Entrepreneurial values. In addition, you will receive a competitive salary, plus:

• Several ways to support your development personally and professionally, a.o.:
  • Personal development budget, to spend at your own discretion
  • Professional budget provided by your manager, to develop yourself in your work
  • GoodHabitz: free online courses you can choose to take for your own benefit
• NIBC embraces the Hybrid way of Working. This means that we support working from home as well as encouraging our colleagues to come to the office. NIBC's guideline is to spend at least half of the working time at the office
• Travel expenses or NS Business Card 1st class
• 32 holidays (which do not have to be registered)
• Excellent pension scheme (27% NIBC contribution)
• A voucher to improve your home office
• The opportunity to take ownership and show initiative in your role. We are always open to new ideas, and encourage to use your voice
• The nature of our Grow to Make a Difference program enables you to be in charge of your own development
• Two staff associations: YoungNIBC and MyLeisure
• Vitality program, annual company-wide sports & leisure days
• Monthly internet allowance
• Laptop and a company phone
• Excellent facilities at the office (Coffee corner, Restaurant, Exchange bar)
• Last but not least, a fun workplace in which diversity and inclusion is valued.

What will you bring

• You have completed a relevant degree (a Master degree in Finance, Financial economics or Econometrics)
• You have a minimum of 5 years of relevant working experience
• Knowledge of and experience with valuation of financial instruments, including derivatives
• Experience with the application of hedge accounting
• Knowledge of Matlab or similar modelling software is highly appreciated
• Fluent language skills in English and Dutch

Personality & skills

• You like to perform numerical analyses and solve complex problems
• You are curious and want to get to the bottom of things, you have an eye for details
• You like to improve processes and models
• You are a team player with a positive mindset
• You have a high feeling of responsibility and are eager to learn
• Excellent communication skills and sense of accountability