Risk Management
Risk Management
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Job Description
ALM Financial Risk Management Expert
Our Financial Risk Management (FRM) department is responsible for ensuring that key financial risksincluding liquidity interest rate counterparty and market risksare effectively monitored controlled and reported. Acting as the second line of defence for financial risks the FRM team assesses the positions proposals and models developed by the Balance Sheet Management (BSM) department.
We are currently looking to strengthen our FRM team by hiring an ALM Financial Risk Management Expert. This role will primarily focus on interest rate risk in the banking book (IRRBB) alongside other quantitative aspects of Asset & Liability Management (ALM) such as counterparty and market risk.
Key Responsibilities:
- Identify evaluate and conduct stress tests on interest rate risks.
- Ensure efficient tracking and reporting of interest rate risks with an emphasis on process simplification.
- Conduct quantitative analysis of risks arising from BSM proposals and behavioural models.
- Review and refine model assumptions to enhance accuracy and reliability.
- Develop and update secondline controls for IRRBB.
- Collaborate with ALM and Middle Office on risk assessment tools and implementation.
- Detect potential interest rate risks in banking products.
- Keep the groups financial risk policy up to date.
- Provide risk management advice to senior management for strategic decisionmaking.
- Maintain close communication with primary stakeholders (BSM) and collaborate with secondary and tertiary teams.
- Coordinate with auditors during IRRBBrelated audits.
- Monitor industry best practices and regulatory developments ensuring proper implementation within BSM.
- Prepare internal and regulatory reports on interest rate and market risks including stress tests QIS COREP Pillar 3 TREP CVA/DVA and similar reporting frameworks.
- Present reports to key committees and ensure compliance with governance standards.
Requirements
Your Experience:
- A Masters degree in a relevant field ideally supplemented with FRM CFA or PRM certification.
- 4 to 10 years of experience in ALM or financial risk management within a banking or financial institution.
- Strong understanding of balance sheet dynamics derivatives portfolio management and technical risk concepts such as Greeks calculations and risk factor sensitivities.
- Indepth knowledge of banking products derivatives mechanics valuation modelling and risk frameworks along with regulatory requirements accounting treatments and key financial ratios.
- Proficiency in at least one of the following programming languages: R Python SAS. Experience with Quantitative Risk Management (QRM) software is a plus.
- Strong analytical skills with the ability to break down complex problems into actionable insights.
- Excellent communication skillsboth written and verbalallowing you to present technical ideas clearly to diverse stakeholders including senior management regulators and external auditors.
- Fluency in English and at least one of the national languages with a good understanding of the other.
Benefits
What We Offer:
- A dynamic and engaging work environment.
- A culture that promotes professional growth autonomy and collaboration.
- A healthy worklife balance with flexible hours and remote working options.
- A competitive salary with fringe benefits including meal vouchers eco vouchers and an extensive insurance package.
- A customisable benefits package through our cafeteria plan allowing you to tailor elements to suit your needs.
- A permanent contract with longterm career prospects.
Employment Type
Full-Time
