ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead). For us, success will only be achieved if we act with Integrity.
Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.
Department Overview
The role is part of the Financial Risk/Trading Risk Management (TRM) department. The department comprises a large team of market risk, product control, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets.
The Team
The vacancy is in the TRM/Centralization, Valuation & Product Control team which, amongst others, is the centre of expertise for valuation and product control topics within the bank. 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 valuation/product control reporting.
Roles and responsibilities
The role is focused on delivering valuation regulatory and accounting requirements across different regional hubs. You will be involved in a variety of topics related to valuation risks (mostly for trading but also for banking books) including:
Fair and Prudent Valuation adjustment processes for ING Globally
Fair value hierarchy levelling and related disclosures
Reporting towards senior management and face the external auditor
Market Data Committee, COREP reports, concentration AVA and disclosures for quarterly reporting
Day One P&L reserving
Valuation Control projects
A key focus over the next few years will be on valuation (re)developments, where you will play a role in the design, development, implementation, testing and roll out to production of IFRS and Prudent Valuation (AVA) related enhancements across several asset classes.
Career Potential
The position offers excellent opportunities to excel in what you do and to broaden your Market Risk and Valuation skills, as well as exposure to a dynamic and agile international working environment across the bank, with a strong focus on Financial Markets and products, but also exposed to other areas with fair value books.
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.
Qualifications/Education
University degree in Finance/Economics/Econometrics or other science subjects.
Experience/Knowledge
Interest/affinity with Finance on one (or more) of the Valuation workstreams described above. Preferably with an understanding of IFRS Fair Value and Prudent Valuation regulation requirements and/or some previous experience in the subject.
Understanding the valuation and risks of financial markets products, preferably with experience in one or more business lines (Equity, FX, Credits, Interest Rates, Commodities, XVA).
Ability to handle large datasets for analysis purposes and proficient Excel usage. Preferably with some programming knowledge using SQL, Python and/or VBA.
Ability to engage and manage expectations of stakeholders in large complex programs.
Personal Competencies
Constructive attitude and pro-active team player. Flexible in the scope to be covered to ensure successful ‘team delivery’ over individual priorities.
Delivery focus considering agreed timelines, ‘can do’ mentality, positive attitude, and eagerness to learn and get outside your comfort area.
Critical thinking and strong analytical skills.
Flexible, independent, and creative with focus on delivering pragmatic and feasible solutions.
Strong organisational and escalation skills.
Excellent English-language communication skills, both verbal and written.
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.
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