ALM Business Analyst
ALM Business Analyst
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1 Vacancy
Job Description
Background on what ING is about
ING Hubs Philippines (ING Hubs PH) is an international part of the ING organization delivering services to many Business Units across the world for both Wholesale Banking and Retail Banking activities. Working for ING Hubs PH means working with the most diverse workforce and where no challenge is the same.
At ING our purpose is to empower people to stay a step ahead in life and business. We believe that sustainable progress is driven by people with the imagination and determination to make a better future for themselves and those around them.
ING is changing what banking is. For you that means plenty of opportunities for personal growth in a continuously evolving environment. If this is the environment you thrive in then apply and join us in changing the future of banking!
Job Overview
The Asset and Liability Management (ALM) Tribe is an international team of around 90 specialists operating from Netherlands (Amsterdam) Poland (Warsaw) and Philippines (Manila). This team is divided into smaller squads. One of the squads is the ALM Services Team that is responsible for providing support to local risk managers. The team works with QRM (Quantitative Risk Management ALM Tool) to deliver the set of analyses with focus on Interest Rate Risk in the Banking Books (IRRBB). It mostly covers balance sheet forecasting and financial valuation calculated based on various behavioral assumptions and interest rate scenarios.
One of INGs most important strategic objectives is the development of the ALM platform. Currently the ALM platform is being transformed into a group-wide standard to support global and local requirements and step by step countries are onboarded.
As part of the development of the ALM platform we are looking for a Customer Journey Expert (Business Analyst) to join us. As a Business Analyst you will play a crucial role in having a deeper understanding of the QRM in investigating issues and explaining the figures in the system.
Key Responsibilities
Single point of contact for risk managers from various ING entities around the globe
Second line support for monthly processes
Investigation to address queries from ING entities & solution recommendation
Implementation of location specific requirements onto QRM (risk computation software) providing description of change and test evidence
Safety guardian of the IRRBB metrics
Foster automation of existing processes
Key Capabilities/Experience
Strong knowledge of risk management methodology
Ability to break down NPV and NII measures into risk factors
3 years of experience within Asset and Liability Management (ALM) and/or Interest Rate Risk Management
With good working knowledge of any ALM software (i.e. QRM Fusion Risk OneSumX Moodys Analytics)
Knowledgeable on approaches to model the banking book products (mortgages savings current accounts)
Experience with SQL Power BI and VBA
IT affinity
Experience in Agile (Scrum) way of working is preferred.
Strong communication skills and like to liaise with stakeholders such as local risk management departments finance data teams UAT team and model developers
Is a team player and a problem-solver
Enjoys working in an international team and environment
Proactive and eager to learn
Minimum Qualifications
Bachelors or masters degree in econometrics mathematics economics or similar quantitative study
3 years in Finance industry (Bank or insurance company)
3 years experience in Market Risk/Asset and Liability Management
Certification is a plus (CFA level 1 FRM)
Highly proficient in English
Willing to work in One Ayala Tower Makati City
Wiling to work in a hybrid setup (30% onsite)
Willing to be flexible with shift (day/mid-shift)
Required Experience:
IC
Employment Type
Full-Time
