Head of Market Risk

ING Italia; Milano; In loco; EUR 90.000 - 150.000; Tempo pieno

Descrizione del lavoro

A leading financial services firm in Milan is seeking a Head of Market Risk to lead financial risk management activities. The ideal candidate will have over 10 years of experience in financial risk, strong analytical skills, and a commitment to sustainability. This full-time role offers flexible remote work options and a competitive salary package, including benefits focused on well-being and development.

Servizi

Flexible smart working

Competitive salaries and bonuses

Training and development opportunities

Well-being initiatives

Birthday day off (#doyourbirthday!)

Free water & coffee at the office

Competenze

• Minimum 10 years in Financial Risk with managerial experience preferred.
• Strong background in banking and risk management best practices.
• Proficiency in English; Italian is an advantage.

Mansioni

• Ownership of local asset and liability models.
• Monitoring all allocated limits, including Treasury and liquidity limits.
• Managing a team of specialists in financial risk.

Conoscenze

Financial Risk Management

Analytical Skills

Problem Solving

Relationship Building

Change Management

Formazione

Academic or PhD in Economics, Statistics, or other quantitative fields

Descrizione del lavoro

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• Hierarchically: Chief Risk Officer, ING Italy
• Functionally: Head of Banking Risk (global level)

Job Description

Financial Risk management activities relate to banking risk including Retail activities and Wholesale Banking activities.

The risk categories are interest rate risk, funding and liquidity risk, treasury risk, and customer behavior (modeling) risk.

ING Italy's Head of Market Risk Management is part of the risk domain headed by the ING Italy CRO. The role involves being a member of the local Risk Management team with a functional reporting line at the global level to the Head of Banking Risk (Financial Risk department).

Key responsibilities include:

1. Ownership of local asset and liability models
2. Ownership of local IRRBB models
3. Monitoring all allocated limits, including Treasury, IRRBB, and liquidity limits
4. Liquidity risk reporting & analysis, including Liquidity Crisis Management and stress testing
5. Risk management of Securitization
6. Management of local activities related to Market Risk Capital
7. Identification and assessment of ALM risk
8. Advising the Exco on new or revised products as part of the PARP process
9. Participation in ALCO, pricing, and Cpac committees, including preparing ALCO reports
10. Monthly risk transfer of open positions to Bank Treasury
11. Managing a team of high-value specialists, requiring both management and technical expertise in financial risk

Education:

• Academic or PhD in Economics, Statistics, or other quantitative fields

Work experience & skills:

• Minimum 10 years in Financial Risk, managerial experience preferred
• Strong background in banking, analytical skills, and risk management best practices
• Proficiency in English; Italian is an advantage

Other competencies:

• Problem solving, quality focus, influencing, relationship building, results-driven, positive attitude, change management, decision making, motivation

Location: Milan, Italy, with flexible remote work options under the Super Flexible Smart Working approach.

Working conditions: Full Time

Duration: Permanent

About ING

ING offers a diverse, innovative environment with growth opportunities, flexible working, and a commitment to sustainability. We aim to empower our employees and clients to realize their potential and build a better future.

Our brand 'doyourthing' reflects our commitment to freedom, innovation, and making banking frictionless.

Interested in being 'a step ahead'? Apply now!

The benefits of joining ING include:

• Flexible smart working
• Competitive salaries and bonuses
• Cultural diversity and innovation
• International environment
• Sustainability commitment
• Training and development opportunities
• Well-being initiatives
• Birthday day off (#doyourbirthday!)
• Free water & coffee at the office

Our Commitment

We value diversity and are committed to creating an inclusive, respectful workplace with equal opportunities for all qualified candidates.