ALM model developer

Amsterdam - Netherlands

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Our ALM (Asset & Liability Management) modelling team is an energetic team of highly qualified professionals. We are responsible for the development and advice on INGs global ALM models (interest rate risk liquidity and capital models). The models are used for pricing funding hedging and capital requirement purposes. We maintain close relations with our stakeholders at Head Office (e.g. Financial Risk Risk & Capital Integration Treasury Model Validation) and local business stakeholders in Germany Belgium Netherlands Poland Spain Turkey Australia etc.

The team

The ALM Modelling team consists of 35 professionals based in Amsterdam and Warsaw. The ALM Modelling team is part of the Model Development department within Integrated Risk consisting of over 300 professionals. We are determined to advise our business stakeholders to empower the customers of ING to stay ahead financially in life and business. Client behaviour is crucial to us and we use state-of-the-art modelling methods and technologies to explore analyse and leverage data. The position offers excellent opportunity to broaden your ALM management data analytics and modelling competencies while working on your soft skills by advising our stakeholders.

We have an agile way of working and believe that empowerment is crucial for you to be successful.

Role and responsibilities

We are looking for a colleague who wants to develop a successful career in Modelling and Risk Management. You will become responsible for developing models that are deeply integrated in our business model (pricing hedging funding) and have impacts across global balance sheet (Net Interest Income Economic Value and Capital Requirements). The ALM models cover global customer lending products (e.g. mortgages Wholesale Banking mid-corps and SME Lending) and global customer deposits products (current accounts savings).

This role is within the team focusing on behavioural modelling for Liabilities such non-maturing deposits (NMDs) including savings and current accounts as well as developing regulatory models for NII and EVE Supervisory outlier tests ( SOTs) and EBA Stress testing exercise. Your main task is to ensure ALM models lead to a stable Net Interest Income and accurate capital requirements. The models are largely dependent on client behaviour so you will monitor and model the behaviour and spot emerging trends using big data analytics. Because ALM models are deeply integrated in ING a lot of stakeholders are involved. That is why a good mix of planning stakeholder management convincing and technical skills are important for us. Moreover as ALM models are supervised by regulators knowledge of regulatory developments is a must.

How to succeed

An academic degree (MSc or PhD) in a quantitative field such as Econometrics Mathematics Engineering & Physics.
Finished additional professional qualifications in the financial risk field such as CFA FRM or the willingness to do so.
Relevant experience in the financial sector (e.g. banking insurance consulting) within IRRBB domain.
Relevant experience of modelling NMDs and familiarity with regulatory reporting requirements for Banking Books
Strong quantitative skills and being able to put them into practice using programming languages such as Python
Proven track record to make high quality deliveries (e.g. memos presentations technical modelling documentations analysis code) within set timelines

Additionally you should have

Excellent analytical skills with a strong attention to detail
The ability to challenge the status quo
Great team player skills
And of course you should be fluent in English

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

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.

Questions

Please contact Ujjwal Kumar Lead for Liabilities Model Development via We are looking forward to receiving your application!