Financial Risk Specialist

ING Hubs Türkiye; Brussel; On-site; EUR 90,000 - 130,000; Full time

Benefits offered by this job

Personal growth opportunities

Dynamic work environment

Exposure to ING senior leadership

Brand & innovations-focused culture

Job summary

ING Belgium is seeking a Financial Risk Specialist within the ICAAP Analytics team to advance risk appetite, risk assessment and stress testing. You will contribute to defining ING's strategic objectives by providing proactive risk advice to unlock business potential.

In this role you will support solvency risk management, perform EC forecasting and stress testing, translate results into management insights and collaborate with Group Treasury/Capital Management.

Qualifications

• Master's degree in Economics or Finance with relevant risk management experience.
• Fluent in English (written and spoken).
• Experience with Economic Capital in banking/financial services, including EC calculation, forecasting, planning, reporting or stress testing.
• Proven ability to perform multi-year EC forecasting and to identify drivers and deviations.
• Experience in EC stress testing, scenario translation and capital-adequacy interpretation.
• Willingness to learn, explore new ways of working and automation.
• Data-minded; SAS EG or credit reporting software is a plus.

Responsibilities

• Support ING's strategic ambitions by proactively managing risk appetite on Solvency risk.
• Conduct identification and assessment of risks and ensure they are acted on.
• Assist with capital optimization, assess business plans against solvency risk appetite and perform scenario analyses.
• Assess impact of regulations (CRR3) and explain regulatory capital to Economic Capital perspective.
• Contribute to ICAAP and work with Group Treasury/Capital Management.
• Forecast Economic Capital over planning horizon and translate results to insights.
• Design, execute and challenge EC stress testing and translate results into management actions.
• Yearly recalibration of solvency risk appetite and allocation to risk types.

Skills

English fluency

Risk management

Economic Capital

EC forecasting

EC stress testing

Automation interest

Autonomous & teamwork

Education

Master's degree in Economics/Finance

Tools

SAS EG

Job description

Your role & work environment ING Belgium is looking for a Financial Risk Specialist within the ICAAP Analytics team.

The role allows you to contribute to the ICAAP Analytics team which is responsible for overarching topics such as risk appetite setting, risk assessment and stress testing. Additionally, you help ING to define and steer its strategic objectives by proactively providing risk advice unlocking business potential.

Your key responsibilities

• Support INGs strategic ambitions by proactively managing INGs risk appetite on Solvency risk.
• Conduct the Identification and Assessment of risks across ING and ensure they are properly acted on.
• Provide support on the execution of our must win battle on capital optimization Assess business & financial plans against INGs solvency risk appetite & perform sensitivity and alternative scenario analysis.
• Assess the impact of new regulations such as CRR3 and explain the interaction between regulatory capital and the Economic Capital perspective.
• Positively impact the Internal Capital Adequacy Assessment Process within ING Belgium.
• Being the second line of defense with respect to ICAAP and thereby working close together with Group Treasury/Capital Management.
• Perform Economic Capital (EC) forecasting over the planning horizon, translating business-plan assumptions, portfolio developments, risk parameters and management actions into forward-looking EC projections.
• Design, execute and challenge EC stress testing, including the translation of macroeconomic and idiosyncratic scenarios into impacts by risk type, aggregation of stressed EC results, analysis of diversification effects and interpretation of capital adequacy outcomes.
• Translate EC forecasting and stress-testing results into clear management insights, key vulnerabilities, mitigating actions and decision points for senior leadership.
• Yearly recalibrate solvency risk appetite and allocation to risk types

We look for A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead, who is interested in expanding its competences and leadership skills. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.

As a Financial Risk Expert within ICAAP analytics you will need:

• Master's degree (Economics, Finance, other) Relevant experience in Risk Management, Financial analytics, financial project management
• A fluent level in English (written and oral communicator)
• Demonstrated prior experience with Economic Capital in a banking or financial-services environment, including hands-on responsibility for EC calculation, forecasting, planning, reporting or stress testing.
• Proven ability to perform multi-year EC forecasting, including identification of key drivers, reconciliation of movements, assessment of management actions and explanation of deviations against plan or prior forecast.
• Proven experience in EC or ICAAP stress testing, including scenario translation, risk-type impact assessment, aggregation, diversification, sensitivity analysis and interpretation of results for capital adequacy.
• Eagerness to learn and explore new ways of working and automations
• Data-minded: Experience in SAS EG / credit reporting software is a plus
• Be able to work both autonomously and in team.

We offer you

• A clear purpose with Personal growth & challenging work with many opportunities to increase your competences and build on the next step in your career
• An informal, dynamic environment with innovative colleagues supporting your endeavours
• Exposure to senior leadership of ING
• We redefine banking.

What about you?

There has never been a more interesting time to work at ING. We’re on a journey that’s centered around our customers, powered by technology and driven by smart, determined people. Our customers feel our people are empowering them to stay a step ahead in life and in business. We’re proud of that! We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow.