The Financial Risk department defines and oversees the financial risk strategy across the bank, ensuring ING's financial health. This includes providing strategic guidance on financial risks related to trading, banking books, and the ING balance sheet, ensuring regulatory compliance, and managing banking and trading risk models. The department also serves as the global functional risk manager for Group Treasury activities.Within the Financial Risk organization, the Banking Risk department focuses on managing risks associated with the banking activities of the ING Group across all business lines. Key risk categories include Interest Rate Risks, Funding & Liquidity Risks, Treasury Risks, and Customer Behaviour Risks. The Customer Behavioural Risk team is responsible for:Global oversight of behavioural modelling and replication in the Banking Books, including replication towards the Global Treasury function.

Development and execution of global model lifecycle management requirements for customer behavioural risk and replication models.

The Customer Behavioural Risk team owns behavioural risk and replication models used for measuring and managing interest rate and liquidity risks in commercial books, such as mortgage prepayments and savings modelling. The team provides functional steering and oversight of customer behaviour risk and replication models across all ING locations worldwide.Team members work in a collaborative and intellectually stimulating environment, continually challenging each other to excel. The role offers significant responsibility and the opportunity to maximize personal potential. Working within Financial Risk at ING Bank entails engaging in a dynamic international corporate setting, collaborating across various levels and departments.

The main activities of the team include:Act as Product Owner for Liability customer behavioural risk and replication models.

Model lifecycle management of Assets and Liability customer behavioural risk and replication models

Global functional steering of customer behavioural risk and replication models

Maintaining close relationships with model stakeholders worldwide

Performing periodic asset and liability reviews

Executing financial risk analysis and assessments

Advising Senior Management and Committees

Enhancing the ALM modelling landscape

Reviewing Minimum Standards and Governance

Monitoring alignment to Financial Risk and modelling standards

Who are we looking for?We seek a colleague with a quantitative background who has a comprehensive understanding of different types of market risks, including interest rate, liquidity, and FX risks. You should be aware of the complexities of a global banking group and recent regulatory changes and requirements. Curiosity and quick mastery of new material are essential. As an expert advisor, you must respond effectively to the needs of others.You should be a pragmatic problem solver capable of supporting the model lifecycle management of Assets and Liability customer behavioural risk and replication models in a dynamic environment. Being a team player adding value to the Financial Risk organization is crucial. Responsibilities must be performed to exceptional standards. Additionally, you should possess excellent command of English, with strong negotiation, presentation, and writing skills. Cultural sensitivity, conflict resolution, and effective collaboration are also important.

Your profile & skillsA completed academic education, preferably in economics, econometrics, or another quantitative field , or comparable training.5+ years of relevant work experience in the financial sector, preferably within banking.Strong knowledge of Asset and Liability Management (ALM) and awareness of regulatory developments .Solid understanding of risk management principles and financial products .Proficient in data analysis , including Python and Power BI.Excellent English communication skills , both verbal and written.Furthermore, adherence to the ING values is required, and aligning your behaviour with these values is essential. Willingness to take the Banker's Oath is also necessary.

What do we offer?We support maintaining a balance between career and private life. More information about our employment conditions can be found here : Benefits in the Netherlands .Benefits of working with ING include:25-28 vacation days, depending on the contract

Pension scheme

13th-month salary

Individual Savings Contribution (BIS), 3.5% of your gross annual salary

8% Holiday payment

Personal growth and challenging work with endless possibilities

An informal working environment with innovative colleagues

Agile working methodology to bring new ideas to life faster

About usCurious about how ING empowers people and businesses to move forward?Discover what we do and what we can offer you .

Questions?Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the 'Apply' button.