Senior ALM Model Specialist

5 dagen geleden

Amsterdam, Noord-Holland, Nederland ING Voltijd

About the Role

The ALM (Asset & Liability Management) modelling division at ING is a dynamic group of skilled professionals dedicated to the advancement and consultation on global ALM models, which encompass interest rate risk, liquidity, and capital models. These models play a crucial role in pricing, funding, hedging, and capital requirement assessments. We maintain strong partnerships with stakeholders at the Head Office, including Financial Risk, Risk & Capital Integration, Treasury, and Model Validation, as well as local business stakeholders across various regions.

Team Overview

Our ALM Modelling team comprises 35 experts located in key cities. As part of the Model Development department within Integrated Risk, which consists of over 300 professionals, we are committed to empowering our business stakeholders and helping ING's customers achieve financial success. Understanding client behavior is essential, and we utilize advanced modelling techniques and technologies to analyze and leverage data effectively. This position offers an excellent opportunity to enhance your skills in ALM management, data analytics, and modelling while also developing your interpersonal skills through stakeholder engagement.

We embrace an agile working environment and believe that empowerment is key to your success.

Key Responsibilities

We seek a candidate eager to build a successful career in Modelling and Risk Management. You will be responsible for developing models that are intricately linked to our business operations, influencing global balance sheet metrics such as Net Interest Income, Economic Value, and Capital Requirements. The ALM models address a variety of global customer lending products, including mortgages and wholesale banking, as well as customer deposit products like current accounts and savings.

This position focuses on behavioral modelling for liabilities, including non-maturing deposits (NMDs) such as savings and current accounts, along with the development of regulatory models for Net Interest Income and Economic Value Evaluations, including Supervisory Outlier Tests and EBA Stress Testing exercises. Your primary objective will be to ensure that ALM models contribute to a stable Net Interest Income and accurate capital requirements. Given that these models are heavily influenced by client behavior, you will analyze and model this behavior while identifying emerging trends through big data analytics. Due to the integrated nature of ALM models at ING, effective planning, stakeholder management, persuasive communication, and technical expertise are essential. Additionally, familiarity with regulatory developments is critical, as ALM models are subject to regulatory oversight.

Success Factors

We value intelligent individuals like you for your potential. Our primary expectation is that you remain curious, continuously learn, and take on responsibilities. In return, we will support your development into an even more exceptional version of yourself.

  • An academic degree (MSc or PhD) in a quantitative discipline such as Econometrics, Mathematics, Engineering, or Physics.
  • Completion of additional professional qualifications in financial risk, such as CFA or FRM, or a willingness to pursue them.
  • Relevant experience in the financial sector, including banking, insurance, or consulting, particularly within the IRRBB domain.
  • Experience in modelling NMDs and knowledge of regulatory reporting requirements for Banking Books.
  • Strong quantitative skills with practical application using programming languages such as Python.
  • Proven ability to deliver high-quality outputs, including memos, presentations, technical documentation, analyses, and code, within established timelines.
  • Excellent analytical skills with a keen attention to detail.
  • A capacity to challenge existing practices.
  • Strong teamwork capabilities.
  • Fluency in English is essential.

Furthermore, adherence to ING's values is crucial, and it is expected that your conduct aligns with these principles. You should also be prepared to take the Banker's Oath.

Compensation and Benefits

We strive to ensure that you can maintain a healthy balance between your professional and personal life. You can learn more about our employment conditions through our resources.

The advantages of working with ING include:

  • A competitive salary based on your skills and experience.
  • 24-27 vacation days depending on your contract.
  • A pension scheme.
  • A 13th month salary.
  • Individual Savings Contribution (BIS), which is 3.5% of your gross annual salary.
  • 8% holiday pay.
  • Flexible hybrid working arrangements to facilitate both focused work from home and collaborative office work.
  • Opportunities for personal growth and challenging assignments with limitless possibilities.
  • An informal working atmosphere with innovative colleagues.

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