Junior Market Risk Manager

Job description

ING is looking for a Junior Market Risk Manager

Market Risk Management (MRM) is seeking a junior market risk manager. This position requires excellent interpersonal skills, the ability to work independently and as part of a team, a robust personality and a broad knowledge of financial models and techniques.

Organizational Context

The Market Risk Management team is located in Amsterdam and consists of approximately 22 FTE plus 5 to 7 external consultants. The team is part of the Domestic Bank NL Chief Risk Officer (DB NL CRO) organization with a functional reporting line into Tier 2 Balance Sheet Risk (BSR). The team has a culture characterized by open, direct and informal communication.

The team oversees the market risks of ING Netherlands Domestic Bank, WestlandUtrecht Bank, ING Lease, ING Commercial Finance, ING Groen, and the DB NL FTP book, which contains the consolidated funding & Liquidity position of all entities residing under the DB NL.

The team exists of four sub-teams: Mortgages, Savings Payments & Lending, ALM and IT. The first two teams are center of excellences that share specific knowledge of retail products. The Asset and Liability Management team coordinates ILAAP-, risk transfer- and SOX processes. An on-site dedicated IT team develops and maintains a state-of-art and tailor made risk hedging, pricing & reporting system.

Job Description

The junior Market Risk Manager is responsible for:

General Market risk management:

· Hedging: transfer of interest rate- and liquidity risk embedded in retail products from the business to Bank Treasury;
· Reporting: Analysis and consolidation of the DB NL market risk figures, and reporting these figures to BSR, Asset and Liability Committee and CRO staff;

Center of excellence:

· Model improvement: improve hedging- and cost pricing models (prepayment risk, offer risk, liquidity spread risk, value of savings, economic capital)
· Scenario analysis: perform impact- and sensitivity studies
· Business support: first point of contact for multiple stakeholders
· Expert: Assessment new product characteristics and retail processes

Profile

· Master diploma preferably in Econometrics or Quantitative Finance. Studies in Mathematics, Engineering & Physics studies are possible as long as candidate shows affinity with risk and financial services;
· 0 to 4 years of relevant experience in the field of (market) risk management and a sound knowledge of risk management developments and accounting practices in the banking sector;
· The ability to express yourself perfectly in English and Dutch, both in writing as well as verbally;
· Proficiency in Excel, PowerPoint, VBA programming and SQL database queries

Qualifications

You are an enthusiastic, highly analytical team player, always aiming for the best results. You have the capability of overseeing the bigger picture, but never lose the keen eye for detail. You are able to explain complex matters in an easy to understand way. Based on your knowledge, analysis and excellent communication skills you have the ability to convince others of your viewpoints.

Salary & Benefits

This fulltime position (36-40 hours per week) at ING DB NL MRM offers you an excellent salary and superb fringe benefits.

How to Apply

Are you interested? Click on ‘Apply' complete the on-line application form and submit your English resume and letter of motivation. We are looking forward meeting you!

If you have any questions about the application procedure, please contact Johan Voortman, telephone number +31 (0) 6 2317 3709 , email: ************@*******.**