Financial Risk Specialist (Risk Analytics & Insights)

ING Nederland

Amsterdam

Hybrid

EUR 90,000 - 130,000

Full time

2 days ago

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Benefits offered by this job

Hybrid working

Pension scheme

13th month salary

Holiday pay 8%

Job summary

ING Nederland is seeking a Financial Risk Specialist – IRRBB Analytics & Insights to strengthen the second line analytics capability within the Banking Book Risk function. You will perform in-depth IRRBB analysis, build Python-based tools, and challenge first line proposals to support senior management decisions.

Ideal candidates have 2–5 years in IRRBB or related risk areas, strong Python skills, and experience presenting to senior stakeholders.

Qualifications

Master's degree in finance, econometrics, mathematics, engineering, or related field.
Strong Python programming skills and ability to build analytical tools.

Responsibilities

IRRBB analytics and insights: analyze risk drivers and generate actionable insights.
Tooling and data analytics: design Python-based tools for monitoring and scenario analysis.
Second line challenge: review model calibration, hedging strategies, and stress testing approaches.
Balance sheet and hedging analysis: assess hedging impact on IRRBB metrics and risk profile.
Reporting and senior management: prepare materials for ALCO, risk committees and management.
Collaboration and stakeholder management: work with Treasury, Risk, Modelling and local entities.

Skills

Python programming

Analytical mindset

Stakeholder communication

Data storytelling

Challenge stakeholders

Education

Master's degree in finance / econometrics / mathematics / engineering or related field

Tools

IRRBB models

Large datasets handling

Python tooling

Job description

ING is a global financial institution with a strong European base, offering banking services through a balanced mix of retail, wholesale, and digital channels. Sound management of financial risks is central to ING’s strategy, resilience, and long-term value creation.

About The Role

As a Financial Risk Specialist – IRRBB Analytics & Insights, you will strengthen the second line analytics capability within the Banking Book Risk function.

You will focus on deep analytical assessment of IRRBB risk drivers across ING’s balance sheet, supporting risk oversight, challenging first line proposals, and enabling informed decision‑making at senior management level.

The role combines quantitative analysis, Python tooling development, and risk insight generation, with exposure to ALCO and senior risk committee submissions.

Key Responsibilities

IRRBB analytics and insights

Perform in-depth analysis of ING’s IRRBB risk drivers (EVE, NII, behavioural models, hedging impacts)
Assess and interpret movements in balance sheet risk profile across products and entities
Generate actionable insights on IRRBB developments to support risk steering and decision‑making

Tooling and data analytics

Design and develop Python‑based analytical tools for IRRBB monitoring, scenario analysis, and deep dives
Improve and automate existing analysis workflows to enable faster and more robust insights
Translate business and risk questions into scalable analytical solutions

Second line challenge

Critically review and challenge first line proposals on:
- Model calibration (e.g. behavioural assumptions, replication portfolios)
- Hedging strategies and structural positioning
Scenario design and stress testing approaches
Provide independent quantitative assessment and recommendations

Balance sheet and hedging analysis

Analyse the impact of hedging strategies on IRRBB metrics and risk profile
Support evaluation of alternative strategies and calibration approaches
Contribute to improving consistency between modelling, risk measurement, and business decisions

Reporting and senior management support

Prepare high‑quality analysis, materials, and narratives for:
- ALCO
- Risk committees
- Senior management discussions
Translate complex analytics into clear, decision‑relevant messages

Collaboration and stakeholder management

Work closely with Group Treasury, Risk, Modelling, and local entities
Act as a key analytics partner within the IRRBB function
Contribute to strengthening data‑driven decision making across teams

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’ll back you to develop into an even more awesome version of yourself.

Master’s degree in finance, Econometrics, Mathematics, Engineering, or a related field
~2–5 years of relevant experience in IRRBB, ALM or Banking Book Risk
Experience working with IRRBB models and analytics (e.g. EVE, NII, behavioural models)
Strong Python programming skills, with ability to build analytical tools and handle large datasets
Experience in balance sheet analysis is a plus
Strong analytical mindset, with ability to connect numbers to business implications
Experience preparing materials for senior stakeholders is a strong plus
Comfortable working in an international environment with multiple stakeholders

What Will Help You Succeed In This Role

Ability to go beyond calculations and explain the story behind the numbers
Strong ownership mindset: from analysis to insight to challenge to recommendation
Pragmatic approach: balancing analytical depth with business relevance
Confidence to challenge stakeholders constructively and independently
Ability to structure and communicate complex topics in a simple way

Why ING?

A central role in shaping IRRBB insights and balance sheet steering
High visibility with senior management and key risk committees
Opportunity to combine analytics, modelling, and real business impact
Work in a highly skilled, international risk environment
Strong focus on growth in both technical and strategic capabilities

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. Find out more about our employment conditions.

The Benefits Of Working With Us At ING Include