Head of Counterparty Credit Risk

The role creation is subject to the Works Council positive advice and implementation of the new structure resulted as a consequence of Risk RfA on 1 April 2026.The team Team Focus: Strategically manages and steers Counterparty Credit Risk (CCR) exposures for ING Group, representing over €60 billion in exposures (about 6% of ING's balance sheet). Leads a globally integrated function to ensure robust, forward-looking, and regulatory-compliant management of CCR and settlement risk.  Specific Function   Contribution: Acts as sparring partner for senior business and risk representatives up to MBB/MBB-1 level. Serves as ING's spokesperson to the ECB/JST on CCR obligations, findings, and regulatory meetings. Owns CCR models and methodologies, ensuring compliance and evolution of both regulatory and internal models.  Needs/Challenges: Establishes and leads a team of 35+ subject matter experts, oversees an €8m annual budget, and manages stakeholders at the highest levels. Ensures alignment with ING's risk appetite, regulatory expectations, and strategic objectives.  Impact: Directly influences ING's risk management practices, regulatory compliance, and strategic direction in CCR.  Roles and responsibilitiesMain Responsibilities:   Build and lead a high-performing, global team of ~40 FTEs focused on CCR.  Foster a culture of collaboration, innovation, and accountability.  Provide holistic oversight and control of CCR and settlement risk.  Lead CCR portfolio risk management and ensure compliance globally.  Own and evolve CCR models and methodologies, ensuring robust model governance.  Represent ING in regulatory and industry forums, and act as spokesperson to ECB/JST.   This role is pivotal for ING's ability to manage CCR at scale, meet regulatory demands, and drive innovation in risk management.  Specific Tasks and Responsibilities  Build and lead a diverse, high-performing CCR team.  Fill >50% of open roles within 6 months.  Ensure no unresolved regulatory findings on CCR.  Provide oversight and control of CCR and settlement risk, including portfolio risk management and RAS steering.  Set up CCR Committee/Technical Group and deliver quarterly portfolio reporting.  Own and evolve CCR models (regulatory and internal), ensuring compliance and strategic system solutions.  Represent CCR in product approval and risk governance forums.  Deliver actionable insights and execute agreed actions from CCR reporting.  How to succeedWe 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'll back you to develop into an even more awesome version of yourself.Education: Advanced degree in Finance, Economics, Risk, Econometrics, or related field.  Experience: 15+ years in CCR, trading risk, or financial risk management; leadership in global organizations; expertise in CCR regulatory frameworks (IMM, SA-CCR, SIMM), risk modelling, portfolio management, settlement risk, XVA, collateral risk, and stress testing.  Technical/Professional Knowledge: Familiarity with ING's risk governance and regulatory environment; thought leadership in CCR.  Soft Skills: Strategic vision, regulatory expertise, risk modelling, portfolio management, stakeholder influence, team leadership, communication, and experience with ECB/JST.  Reporting Line and Classification   Role Name and GJA: Head of Financial Risk Management III (GJA23) – Head of FR Counterparty Credit Risk  Reports Hierarchically to Head of Financial Risk (MBB-1), located in Amsterdam  Questions?In case you have any questions please contact Anna Halliwell (HR Business Partner). Want to apply directly? Please upload your CV and motivation letter by clicking the 'Apply' button.An Enhanced Reliability Screening and positive clearance is required for appointment to this sensitive position.