Junior Market Risk Modeller

ING Bank
Fulltime job


ING is looking for a Junior Market Risk Modeller

The Asset and Liability Management (ALM) Model Development is an energetic international team of highly qualified professionals. The team is responsible for the development of models to measure and manage market risks in the banking books. These models are core to the success of ING and include behavioural models (e.g. prepayment models), replication (hedging) models and risk measurement models (e.g. economic capital model). The models are related to retail and wholesale products (e.g. mortgages, savings, term loans) and are used by all local Market Risk Management (MRM) units within ING domestic banks.

The ALM team is part of Financial Risk Model Development department.

Financial Risk Model Development is a fast growing team of modelling experts, who are determined to develop the best possible financial risk models to empower the customers of ING to stay ahead financially, in life and in business. Our expertise lies in the development and management of Market Risk, Credit and Trading Risk and Financial Markets models, with state-of-the-art modelling methods, tooling and data-processing technologies. The position also offers excellent opportunities to broaden your model development skills in Financial Markets and Credit Risk.

Get an impression on our agile way of working here: https://youtu.be/uXg6hG6FrG0

What does a junior Modeller at ING do?

We are looking for a colleague who wants to develop a successful career in ALM Modelling. You will play a crucial role in the development of risk methodologies for the measurement and management of market risks in ING’s banking books. The models that you develop will cover all products and geographical regions in the ING Bank portfolio.

You will take responsibility for:

  • Developing, improving, analysing and documenting ALM models
  • Advising management about ALM modelling topics
  • Knowledge transfers to the locations for the models developed
  • Project and stakeholder management to make sure models and activities are planned and developed in time

Your backpack should contain:

  • An academic degree (MSc or PhD), preferably in econometrics, economics, statistics, or mathematics
  • Sound knowledge  of financial engineering, statistical modelling (and tools) and econometric methods
  • Some programming experience (e.g. Python, R)
  • Excellent communication and presentation skills
  • Good project and people management skills
  • Familiarity with advanced statistical techniques like machine learning and deep learning.

Additionally, you should have

  • Strong analytical, problem-solving, communication and execution skills
  • Independent, creative and pro-active mind-set
  • Ability to challenge the status quo
  • Great team player skills

Furthermore, you should adhere to the ING values and it is evident for you that your behaviour ought to be fully aligned with these values. You should  also be prepared to take the Banker's Oath.

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

What we offer

  • Challenging job covering most of ING Bank’s balance sheet
  • A great salary
  • Benefits such as a 13th month’s salary, public transfer business card, pension scheme
  • The opportunity to excel in what you do and ample room for developing yourself
  • A dynamic and agile international working environment
  • Great international career opportunities

Are you interested?

Apply for this job now! For further inquiries, please contact Peter van der Wal, ALM Model Development via peter.van.der.wal@ing.com.

We are looking forward to receiving your application!

For more information on vacancies, please check www.ING.nl/carriere