Valuation Risk Specialist Amsterdam

Would you like to contribute and set the standards for the Valuation Risk framework at ING? Are you looking for a job to broaden your valuation risk skills and product knowledge in Financial Markets and Lending? Then we are looking for you!

The Team

The role is part of the Financial Risk/Trading Risk Management (TRM) department. The department comprises a large global team of market risk, product control, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets.

The vacancy is in the TRM Valuation 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 implementation of valuation/product control reporting in terms of fair and prudent valuation. After (or in parallel to) the delivery of the program, the team will become responsible for the BAU management of the newly designed processes/activities.

Roles and responsibilities

The role is focused on delivering valuation regulatory and accounting requirements in two areas across different regional hubs:

1. Day One P&L deferral and Fair Value Hierarchy methodology and process mainly for trading (but also for banking books) and

2. Additional Valuation Adjustment (AVA) model owner role for banking book products (mostly traditional lending instruments such as loans, guarantees, etc) subject to Fair Value (FV) reporting.

You will need to address new regulatory requirements on these topics as part to deliver the ‘Valuation Program’, which aims to address new regulatory requirements and higher model risk management expectations in the area of valuation.

Over the next few years, you will be responsible for ensuring a successful and timely delivery of this project and play a key role in

1. The design, development, implementation, testing and roll out to production of IFRS related enhancements across several asset classes.

2. The AVA model ownership for banking book products (e.g. managing the model requirements and model lifecycle as well as model performance monitoring and developing and implementing some of Prudent Valuation (PV) methodologies)

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.

To succeed in the delivery of these workstreams, you will need:

• Build relationships and work together with multiple stakeholders such as Front Office, Finance, Risk, Product Controllers, IT, Development & Validation Quants and market data providers for successful delivery and implementation of re-developed processes/models, ensuring that newly designed methodologies and models are appropriate and their impacts are well understood and agreed.

• Ability to work with large data sets and systems, in an environment where data & processes are largely fragmented and manually managed.

• Ensure operational excellence of valuation processes, maximising automation possibilities to provide a robust and compliant operational valuation framework, including delivering IT specifications to implement strategic solutions.

• Engagement with regulators, auditors and the industry on valuation related items.

Qualifications/Education

University degree in Finance/Economics/Econometrics or other science subjects.

Experience/Knowledge

• 3 years+ of experience in Finance on one (or more) of the Valuation workstreams described above. Preferably with an understanding of IFRS Fair Value requirements and Prudent Valuation regulation.

• 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). Background on Banking Book instruments (e.g. loans, guarantees, etc) and valuation techniques for less liquid assets.

• Experience handling large datasets for analysis purposes and proficient Excel usage. Preferably with some programming experience using SQL, Python and/or VBA.

• Experience in documenting & implementing methodology/modelling requirements in both tactical and strategic IT solutions.

• Ability to engage and manage expectations of senior management and key 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 in a fluid and continuously changing environment.

• Good stakeholder management.

• Excellent English-language communication skills, both verbal and written.

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. The candidate will have the opportunity to get an in-depth understanding of both Financial Markets and products as well as the lending business.

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 athttps:

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.