Counterparty Credit Risk â Portfolio Risk Manager
Counterparty Credit Risk â Portfolio Risk Manager
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1 Vacancy
Job Description
ING seeks an experienced Counterparty Credit Risk (CCR) Portfolio Risk Manager to take a senior role in the newly established CCR organization. Build on INGs CCR capabilities to drive consolidation of risk management and oversight of the counterparty credit risk portfolio. Shape strategies that safeguard the banks ability by managing complex counterparty credit risk across dynamic global markets.
The team You will be part of a newly formed CCR Portfolio Risk Management team which has been established to bring together portfolio risk management and oversight and will cover ongoing portfolio monitoring and deep dives stress testing wrong way risk transaction analysis and establishing a Risk Appetite Framework for CCR.
This is an exiting opportunity to join a dynamic team of risk managers combining both market and product knowledge with complex risk measures.
Roles and Responsibilities:
In this role you will play a key part in INGs CCR risk strategy taking on responsibilities that will help drive success and shape our risk culture.
Lead initiatives to align the firms CCR framework with industry best practices and regulatory requirements. Serve as a subject matter expert on ECB findings and BCBS guidance regarding CCR.
Continuously monitor exposure driving asset classes and credit events in global markets to assess portfolio risks ensure timely risk insights and proactive risk management. Use market assessments to produce thematic portfolio deep dives including wrong way risk concentration & correlation risk and Sector/Single Name/Transaction analysis.
Leverage and enhance CCR stress testing framework to assess portfolio vulnerabilities and inform daily risk management decisions.
Understand the application landscape key input data and exposure metrics related to CCR. Use this to identify key risks and to prepare and coordinate materials for management committees internal audit and regulatory engagement.
Drive discussions with Credit Exposure Group Model Validation IT Front Office Collateral Mgmt Risk Legal and other key stakeholders to identify prioritize and resolve CCR issues ensuring alignment on risk appetite limits and enhancing the overall CCR framework.
Maintain awareness of model developments and IT system implementations to ensure change projects remain on schedule and achieve desired outcomes.
Represent the CCR team in firmwide initiatives including new product approvals.
How to Succeed:
We hire smart people like you for your potential. Our biggest expectation is that youll stay curious. Keep learning. Take on return well back you to develop into an even more awesome version of yourself.
University degree in Business Finance Statistics Economics Econometrics or a comparable field
10 years experience in a counterparty risk role within a banking institution.
Deep product knowledge across fixed income equities and commodity markets.
Strong knowledge of the CCR regulatory landscape and industry best practices.
Excellent communication skills to confidently engage with cross functional teams and provide an effective 2nd line challenge to the business.
Programming knowledge is seen as an advantage.
Rewards and benefits:
We want to make sure that its 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:
A salary tailored to your qualities and experience
25 - 28 vacation days depending on contract
Pension scheme
13th month salary
8% Holiday payment
Mobility Card
Hybrid working
Personal growth and challenging work with endless possibilities
Required Experience:
Manager
Employment Type
Full-Time
