Senior ALM Model Developer
ING Netherlands
Kerkrade, Limburg, Netherlands
1 dag geleden

ING is looking for an ALM modeller

Our ALM (Asset & Liability Management) modelling team is an energetic team of highly qualified professionals. We are responsible for the development and advice on ING's global ALM models (interest rate risk, liquidity and capital models).

The models are used for pricing, funding, hedging and capital requirements purposes. We maintain close relations with our stakeholders at Head Office (e.

g. Financial Risk, Risk & Capital Integration, Treasury, Model Validation) and local business stakeholders in Germany, Belgium, Netherlands, Poland, Spain, Turkey, Australia, etc.

The ALM Modelling team consists of 35 professionals, based on Amsterdam and Warsaw. The ALM Modelling team is part of the Model Development department within Financial Risk consisting of over 300 professionals.

We are determined to advise our business stakeholders to empower the customers of ING to stay ahead financially, in life and business.

Client behaviour is crucial to us and we have loads of data. We use state-of-the-art modelling methods and technologies to explore, analyse, and leverage data.

The position offers excellent opportunities to broaden your ALM management, data analytics and modelling competencies while working on your soft skills by advising our stakeholders.

We have an agile way of working and believe that empowerment is crucial for you to be successful.

What does an ALM modeller at ING do?

We are looking for a colleague who wants to develop a successful career in Financial Risk Management. You will become responsible for developing models that are deeply integrated in our business model (pricing, hedging, funding) and have impacts across global balance sheet (Net Interest Income, Economic Value and Capital Requirements).

The ALM models cover global customer lending products (e.g. mortgages, Wholesale Banking, mid-corps and SME Lending) and global customer deposits products (current accounts, savings).

You will perform this responsibility in one of our five squads (two squads are based in Warsaw). Your main task is to ensure ALM models lead to a stable Net Interest Income and accurate capital requirements.

The models are largely dependent on client behaviour, so you will monitor and model the behaviour and spot emerging trends using big data analytics.

Because ALM models are deeply integrated in ING a lot of stakeholders are involved. That is why a good mix of planning, stakeholder management, convincing and technical skills are important for us.

Moreover, as ALM models are supervised by regulators, knowledge of regulatory developments is a must.

Your backpack should contain

  • An academic degree (MSc or PhD), quantitative studies such as Econometrics, Mathematics, Engineering & Physics
  • Finished additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do so
  • Relevant experience in the financial sector (e.g. banking, insurance, consulting)
  • Relevant experience with financial risk modelling
  • Strong quantitative skills and being able to put them into practice using programming languages such as Python
  • Proven track record to make high quality deliveries (e.g. memos, presentations, technical modelling documentations, analysis, code) within set timelines
  • Additionally, you should have

  • Excellent analytical skills with a strong attention to detail
  • Interest in financial services, an innovative take on banking and an unconditional drive to turn your ideas into reality
  • The ability to challenge the status quo
  • Great team player skills
  • And of course you should be fluent in English
  • Furthermore, you should adhere to the ING values and it is evident for you that your behaviour is fully aligned with these values.

    You should also be prepared to take the Banker's Oath.

    For more information, please visit http : / / / Netherlands / Why-ING / This-is-ING-too / ING-Values.htm

    What we offer

  • A great salary
  • Benefits such as a 13th month's salary, Public Transfer Business Card, pension scheme
  • A step towards an international career at ING with a quantitative basis
  • A dynamic and agile working environment
  • The possibility to improve yourself through a wide range of trainings and courses
  • Are you interested?

    Apply for this job now! For further inquiries, please contact Bernardo Kok, Head of ALM Model Development, via bernardo.kok

    We are looking forward to receiving your application!

    For more information on vacancies, please check / carriere

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