Financial Risk Specialist I

Key responsibilities:

• Responsible for calculating, reporting the daily P/L of the bank from Product Control perspectives for Financial Markets and Bank Treasury Products
• Key responsibility for P/L reconciliation and analysis for the above task
• Key responsibility for Product Review process from Product Control perspectives regarding new products
• Perform the quarterly back-testing
• Prepare and maintain manuals, internal rules, guidelines and procedures related to Product Control functions
• Perform price testing and Hypothetical P/L calculation, if applicable
• Develop and control the appropriate operation of the Product Control systems
• Prepare material to the various committees (ALCO, LPC)
• Participate in the preparation of the ECB’s PDCE quarterly reporting

Problem solving / decision making:

The Product Control analyst has extensive problem solving functions:

• As far as the Product Control is concerned, the position holder supports the Financial Markets/Group Treasury and Risk Management with analysis of P/L, P/L calculation, P/L reconciliation etc., and prepares proposals for higher level decisions and measures
• In participation of solving data quality problems in the Financial Markets and Bank Treasury areas as far as the Product Control aspects are concerned
• In participation of solving of potential conflicts of various Product Control and business interests of the Bank

Job requirements:

Knowledge and Skills:

• College or University degree
• Banking experience
• Knowledge of banking systems, products and related controlling issues
• Acceptable level of technical skills
• Thorough knowledge of and compliance with all job related ING policies, processes, procedures and regulations
• Computer literacy: MS Office

• Fluency of written and spoken English; the knowledge of any other foreign language is a plus

• Team working skills 
• Ability to work under stress
• Result orientation
• Time management, priority setting, ability to keep deadlines, discipline

• Accurate, focused and proactive working attitude, all according to standards
• Learning ability and intellectual capability

• Cooperative attitude
• Willingness to take responsibility
• Excellent oral and written communication