Financial Risk Specialist – Trading Risk Management (TRM)

The purpose of ING’s Trading Risk Management (TRM) department is to “empower the business by providing pro-active, integrated, state-of-the-art trading risk management input”. This is achieved in a work environment where we invest in our people, are committed to compliance and are masters of our time.

Within TRM, the IMVM team focusses on the different collateral aspects of risk management and more particularly variation margin and initial margin for OTC Derivatives & Securities Financing transactions.

In the current times of high market volatility due to economic and political uncertainty, the collateral management of Financial Markets and Global Treasury (FM & GT) is high on the regulators’ agendas worldwide, which entails the industry and ING must comply to numerous regulations. Internal audit also follows-up collateral (model) performance and governance closely. Finally, Management and Risk Committees require information for strategical decisions and risk appetite management.

Initial Margin (IM) is an increasingly important part of global financial markets which is currently being implemented globally and aims to reduce the systemic counterparty credit risk. Within the TRM IMVM team, you will work alongside a group of knowledgeable specialists in Initial Margin Risk Management and be jointly responsible to ensure that ING holds sufficient good quality collateral to weather any potential future storm from a counterparty credit risk perspective. You will jointly ensure that ING further enhances its processes around Initial Margining and get the opportunity to gain knowledge and experience in counterparty credit risk and collateral management.

The team

With the IMVM team, you will be working in an Amsterdam based equal opportunities department as part of a team of 6 specialists who will be happy to welcome you into their midst. This multi-cultural, informal, and result-orientated team works from the office for 1-2 days per week and from home for the rest of the time. As sub-team of TRM, you will also be part of a larger, dynamic, and very international department.

Roles and responsibilities

As a Financial Risk Officer your daily activity requires analysis of datasets, participation in communication and coordination of data gathering, helping in writing specifications, participate in shaping target architecture, present your work to (senior) management, and find agreement on your work with internal audit and model validation.

You will also:

• Understand how the collateral activities operate and suggest improvements to processes and procedures

• Take ownership for assigned projects and interact with Risk, Operations and IT

• Utilize your skillset to improve tasks, calculations and monitoring activities

• Present ideas, completed work, improvements to management and monitoring teams

• Interact with Collateral and Market Risk Centre of Excellences (COEs) for investigations

If you are interested in working within a challenging and evolving business environment that combines knowledge of and affinity with financial markets, financial products, and collateral, this is your opportunity.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we back you to develop into an even more awesome version of yourself.

You are a colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead.

More about you:

• have strong analytical skills and can create, challenge and improve risk management techniques and measures

• feel responsible and not afraid to take the lead in the subjects that are being dealt with

• have strong communication skills to interact with various stakeholders and team members on a day-to-day basis in a timely and professional manner

• work independently and can simplify / put complex concepts and practices in the appropriate context that the addressed audience understands

• are fluent in English

• minimum of 3 years similar professional experience

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. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm

The benefits of working with us at ING include:

•  A salary tailored to your qualities and experience 

• 24-27 vacation days depending on contract

• Pension scheme

• 13th month salary

• Individual Savings Contribution (BIS), 3.5% of your gross annual salary

• 8% Holiday payment

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.

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.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.