Head of Banking Book Risk

The role creation is subject to the Works Council positive advice and implementation of the new structure resulted as a consequence of Risk RfA on 1 April 2026.

The team

Team focus: Responsible for all Interest Rate Risk in the Banking Book and ALM portfolio risk management. Oversees global consolidated IRRBB reporting to regulators and internally and manages model lifecycle activities for behavioural models (e.g. mortgage prepayment liability investments).

Specific Function

• Contribution: Manages interest rate risk measurement for all banking book positions (EUR 1000 billion in assets and liabilities) oversees global reporting lines for multiple countries and business units and ensures appropriate hedging and risk management strategies.

• Needs/Challenges: Ensures compliance with regulatory requirements manages SREP and OSI findings and supports capital requirements reduction for the bank.

• Impact: Directly influences INGs risk profile capital adequacy and regulatory compliance on a global scale.

Role and responsibilities

Main Responsibilities:

• Define strategy for interest rate risk management including investments of liabilities (portfolio of EUR 650 billion).

• Ensure mortgage prepayments are appropriately hedged.

• Monitor and manage the Interest Rate Risk profile of the bank including reporting to ALCO Bank and the JST.

• Engage with Group Treasury and other stakeholders on IRRBB and behavioural items.

• Manage SREP and OSI findings to reduce the risk profile and capital requirements.

• Expectations: >15 years experience deep knowledge of interest rate risk management and regulations strong stakeholder management and managerial skills for a department of 40 FTE and 10 FTE globally.

• Qualities/Mindset: Strategic analytical collaborative and proactive in risk management and regulatory matters.

This role is central to INGs ability to manage interest rate risk ensure regulatory compliance and support business strategy globally.

Specific Tasks and Responsibilities

• Define and implement interest rate risk management strategies.

• Oversee global consolidated IRRBB reporting and ALM portfolio risk management.

• Manage model lifecycle activities including parameterizations of behavioural models.

• Ensure appropriate hedging of mortgage prepayments.

• Monitor and manage the banks interest rate risk profile.

• Engage with internal and external stakeholders (CARC GFR CFO CRO Group Treasury ECB-JST).

• Manage SREP and OSI findings and support capital requirements reduction.

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.

• Education: Masters degree preferably with postgraduate studies.

• Experience: >15 years in interest rate risk management banking products and liquidity management.

• Technical/Professional Knowledge: Deep understanding of interest rate risk management bank products and regulatory requirements.

• Soft Skills: Stakeholder management team leadership and department management.

Reporting Line and Classification

Role Name and GJA: Head of Financial Risk Management III (GJA23) Head of FR Banking Risk

Reports Hierarchically to Head of Financial Risk (MBB-1) located in Amsterdam

Questions

In case you have any questions please contact Anna Halliwell (HR Business Partner). Want to apply directly Please upload your CV and motivation letter by clicking the Apply button.

An Enhanced Reliability Screening and positive clearance is required for appointment to this sensitive position.