This role is part of the Financial Risk/Trading Risk Management (TRM) department. The department comprises a large team of market risk, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets.
The vacancy is in the TRM/Valuation team. It is an international team with an informal and open atmosphere, with team members working across Amsterdam and London, all working together with a strong delivery focus. The team is responsible for setting/designing the valuation framework and implementation in terms of fair and prudent valuation.
Main Duties and Responsibilities of Role:
The role is focused on delivering regulatory and accounting requirements across different regional hubs. The individual will be involved in topics related to valuation risks (for both trading and banking books). The key focus over the next few years will be on valuation (fair and prudent), where the individual will play a key role in the design and implementation of the IFRS and Prudential regulatory requirements. The individual’s main duties will focus on linear rates asset class amongst others.
Key responsibilities:
Build relationships and work together with multiple stakeholders such as Front Office, Finance, Risk, Product Controllers, IT, Development & Validation Quants and market data providers for successful delivery and implementation of re-developed processes/models, ensuring that newly designed methodologies and models are appropriate, and their impacts are well understood and agreed.
Engagement with external stakeholders such as market data vendors and consensus services.
Engagement/follow up with regulators, auditors, validators and the industry on valuation related items.
Ability to work with large data sets and systems, in an environment where data & processes are largely fragmented and manually managed.
Review, understanding and summarising of pricing models, providing highlights and insights to valuation management team.
Qualification/Education
Essential: University degree in Finance/Economics/Econometrics or other science subjects
Experience/Knowledge
Essential:
3 years + of experience in Banking and Finance.
Understanding of pricing financial markets linear rates products.
Understanding of regulatory requirements, accounting standards and industry practices.
Ability to explain complex concepts to key stakeholders
Experience of implementing & documenting requirements in an Investment Bank.
Desirable:
Expertise in working in a valuation methodology team.
Ability to handle large datasets for analysis purposes and proficient Excel usage and programming knowledge, especially Python, SQL and/or VBA
Understanding of pricing financial markets products on Non-Linear Rates or other asset classes.
Design and implementation of Prudent Valuation requirements (across all VA types) in tactical and/or strategic solutions.
Personal Competencies
Essential:
Excellent English-language communication skills, both verbal and written.
Constructive attitude and proactive team player.
Good stakeholder management
Critical thinking and strong analytical skills.
Independent and creative with focus on delivering pragmatic and feasible solutions.
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Skills Required
- 3 years + of experience in Banking and Finance
- University degree in Finance/Economics/Econometrics or other science subjects
- Understanding of pricing financial markets linear rates products
- Experience of implementing & documenting requirements in an Investment Bank
- Excellent English-language communication skills, both verbal and written
- Ability to handle large datasets for analysis purposes
- Proficient in Excel and programming knowledge, especially Python, SQL and/or VBA
What We Do
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
