Head of Market Risk

As Head of Market Risk Netherlands you will lead the strategic oversight and management of INGs market risk profile across Private Individuals Private Banking and Business Banking activities. This role is pivotal in steering INGs balance sheet resilience liquidity strategy and interest rate risk posture in alignment with the banks risk appetite and business ambitions. You will report locally to the CRO Netherlands and functionally to the Global Head of Financial Risk.

This is a leadership role that combines deep financial risk expertise with business acumen enabling you to influence executive decision-making and contribute to INGs long-term value creation.

Roles and responsibilities

Strategic Risk Leadership

• Shape and execute ING NLs market risk strategy ensuring alignment with global frameworks and local business priorities.

• Act as a strategic advisor to the ExCo and ALCO providing forward-looking insights on risk trends regulatory developments and product innovations.

• Lead the IRRBB / ALM risk management process and provide ongoing oversight of commercial input to the process from the business and group treasury.

• Assessment of new products and strategic initiatives through the PARP process ensuring risk-return balance and regulatory compliance.

• Contribute to strategic projects and programs to ensure IRRBB and ALM are continuously properly embedded in ING NLs processes

Risk Ownership & Governance

• Own and continuously enhance local IRRBB and ALM models integrating customer behaviour and market dynamics.

• Perform internal and regulatory risk reporting of asset and liability positions and associated IRRBB funding and liquidity risk metrics including coordination with the Group.

• Contribute to Group-wide review of Asset and Liability Management (ALM) related RAS and limits to ensure local objectives and impact are adequately considered; Monitor and review asset and liability positions ensuring IRRBB and funding & liquidity risk profile is in line with ALM RAS limits and advise on corrective actions in case of (potential) limit breaches; monitor development of transferred risk positions against intramonth hedge thresholds.

• Analyse impact of internal and regulatory stress scenarios to understand drivers and evolution of NII and value under adverse interest rate and balance sheet development scenarios (in collaboration with Finance); advise on corrective actions where relevant.

• Coordinate the local contribution to the global Contingency Funding Planning and testing.

• Coordinate the local ILAAP submission.

• Ensure ALM considerations and costs are considered in product pricing and decisions on product characteristics acting also as a member of the weekly Pricing Committee.

• Collaborate with Group FR on IRRBB and Funding & Liquidity policies procedures and models to ensure local view is reflected appropriately.

• Collaborate with Group COO Risk and Data Management to ensure that required ALM and liquidity tooling and data is fitted to ING NL requirements.

Capital & Regulatory Engagement

• Drive the local market risk capital agenda ensuring robust methodologies and alignment with regulatory expectations.

• Represent ING NL in regulatory dialogues and internal committees advocating for sound risk practices and business enablement.

Team Leadership & Capability Building

• Manage and develop a team of high-performing market risk specialists.

• Foster a culture of excellence collaboration and continuous learning within the team.

• Champion diversity inclusion and talent development aligned with INGs leadership principles.

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.

We are looking for a team member with the following knowledge and experience:

Education & Experience

• Advanced degree (PhD or Masters) in Economics Statistics Finance or a quantitative field.

• 10 years of experience in financial risk management combined with leadership experience.

• Strong understanding of IRRBB ALM FX risk liquidity risk and market risk capital frameworks.

Skills & Attributes

• Strategic thinker with strong analytical capabilities.

• Inclusive leader who builds trust and empowers others.

• Effective communicator who can translate complex risk concepts into actionable insights.

• Capability

• of understanding ING NLs products and balance sheet composition and how they affect and translate to ING NLs interest rate risk position and how to manage this

• Fluent in English; Dutch is a plus.

Behavioural Competencies

• Business Impact: Drive strategic outcomes through risk insights and business partnership. Being courageous and taking responsibility for getting things done.

• Influence & Collaboration: Build trust and alignment across functions and geographies. Empower and support others to succeed. Collaborate across teams valuing diverse perspectives.

• Execution & Accountability: Take ownership and deliver on commitments. Simplify processes and drive continuous improvement.

• Leadership & Change: Inspire teams and champion transformation. Challenge assumptions and adapt to change with courage. Seek feedback listen actively and foster open communication

Location & Flexibility

• Based in Amsterdam with flexible working arrangements under INGs Smart Working policy.

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:

25-28 vacation days depending on contract

Pension scheme

13th month salary

8% Holiday payment

Hybrid working

Personal growth and challenging work with endless possibilities

An informal working environment with innovative colleagues

About us

Curious about how ING empowers people and businesses to move forward Discover what we do and what we can offer you.

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