Lead Financial Risk III

ing; Brussel; On-site; EUR 120,000 - 180,000; Full time

Job summary

ING Belgium is seeking an Head of Interest Rate & Financial Markets Risk to lead the IRRBB function and shape the bank's balance sheet strategy. You will be a second-line risk leader, challenging Business and Treasury with evidence-based insights and aligning decisions with risk appetite and regulatory expectations.

You will manage a team of risk professionals, collaborate with regulators and senior stakeholders, and influence Group-wide IRRBB standards.

Qualifications

• Master's degree in a quantitative discipline such as Financial Engineering, Mathematics, Physics, Econometrics, Actuarial Sciences, or related field.
• CFA and/or FRM qualifications are considered a strong asset.
• At least 10 years of relevant experience in risk management or financial markets.

Responsibilities

• Shape and strengthen the IRRBB framework and governance.
• Oversee ING Belgium's IRRBB and related financial market risks.
• Provide independent, timely challenge to Business and Treasury on balance sheet strategy and risk.
• Represent ING Belgium with regulators and external auditors.
• Lead and develop a high-performing risk team and contribute to governance forums.

Skills

Leadership

Risk management

IRRBB

Regulatory engagement

Data-driven decision making

Education

Master's degree in a quantitative discipline (Financial Engineering / Mathematics / Physics / Econometrics / Actuarial Sciences / related)

Job description

Your role & work environment

As Head of Interest Rate & Financial Markets Risk, you will lead the Interest Rate Risk in the Banking Book (IRRBB) function of ING Belgium and play a critical role in shaping the bank's balance sheet strategy and long-term resilience.

As an independent second-line risk leader, you will provide robust and evidence-based challenge to Business and Treasury, ensuring that strategic decisions remain aligned with ING's risk appetite, regulatory expectations, and customer interests. In an increasingly dynamic market and regulatory environment, you will help ING Belgium anticipate emerging risks, navigate uncertainty, and seize opportunities while safeguarding the bank's financial strength.

You will lead a team of highly skilled risk professionals and report to the Head of Balance Sheet Risk, a direct report to the Chief Risk Officer of ING Belgium. Working closely with senior stakeholders across Financial Risk, Treasury, Finance, Front Office, and ING Group functions, you will have direct influence on key strategic decisions. You will also represent ING Belgium in interactions with regulators and external auditors.

This is a unique opportunity to combine deep technical expertise, strategic influence, regulatory engagement, and people leadership within one of the bank's most important risk domains.

Your key responsibilities

Shape and strengthen the IRRBB framework

You will be responsible for overseeing ING Belgium's IRRBB and related financial market risks, ensuring robust governance, sound risk management practices, and continuous enhancement of the risk framework.

• Strengthen IRRBB methodologies, frameworks, governance, and risk management practices while anticipating future market developments and emerging risks.
• Monitor the impact of macroeconomic trends, interest rate movements, and market disruptions on ING's balance sheet.
• Ensure that risks generated by retail and commercial banking activities are appropriately identified, measured, monitored, and managed in line with business objectives.
• Provide independent, timely, and evidence-based challenge to Business and Treasury regarding balance sheet strategy, hedging activities, pricing assumptions, behavioural models, limit utilisation, and risk acceptance.
• Escalate material risk concerns when necessary and ensure management decisions remain transparent, well documented, and aligned with the approved risk appetite.
• Contribute actively to ALM committees and governance forums, bringing a strong second-line perspective and influencing senior decision‑making.
• Build and maintain constructive relationships with regulators, including the National Bank of Belgium (NBB) and the European Central Bank (ECB).
• Represent ING Belgium within ING Group and contribute to the development and evolution of Group-wide IRRBB standards and best practices.

Drive innovation and future readiness

Beyond day‑to‑day risk oversight, you will challenge the status quo and help shape the future of interest rate risk management within ING Belgium.

• Support strategic initiatives related to IRRBB and balance sheet management.
• Anticipate regulatory, technological, and market developments and translate them into actionable improvements.
• Promote innovation, analytical excellence, and data‑driven decision‑making.
• Drive the adoption of enhanced methodologies, modelling techniques, and risk management tools.
• Foster a forward‑looking risk culture that proactively adapts to changing market conditions and supervisory expectations.

Lead and develop a high-performing team

As a people leader, you will create an environment in which talented professionals can thrive, collaborate, and grow.

• Inspire, coach, and develop a team of risk professionals, supporting both their professional and personal growth.
• Foster a culture of accountability, collaboration, continuous learning, and constructive feedback.
• Encourage an entrepreneurial mindset where team members take ownership, challenge existing practices, and proactively create value.
• Build an engaged, diverse, and inclusive team focused on high performance and collective success.
• Lead by example, demonstrating integrity, sound judgement, resilience, and authenticity in times of change and transformation.

We look for

A colleague with a talent for taking it on and making it happen , a passion for helping others succeed , and the ability to stay one step ahead .

You are an inspiring leader who combines deep expertise with curiosity, strategic vision, sound judgement, and the courage to provide independent and constructive challenge, even in complex situations involving senior stakeholders.

As Head of Interest Rate & Financial Markets Risk, you also bring:

• A master's degree in a quantitative discipline such as Financial Engineering, Mathematics, Physics, Econometrics, Actuarial Sciences, or a related field. CFA and/or FRM qualifications are considered a strong asset.
• At least 10 years of relevant experienc