TAC FI Sector Lead

As Wholesale Banking Risk Transaction Advice and Control (TAC) Function 2nd line of Defence we are responsible for the effective implementation of risk appetite according to Group standards and frameworks by proactively managing and mitigating risks within Wholesale Banking.

The Sector Risk Lead is a senior strategic role responsible for overseeing and shaping global risk management activities within WB Risk TAC department with a global mandate covering the Financial Institutions (FI) sector including banks non-bank financial institutions (NBFIs) insurance companies and asset managers. The team in the Netherlands is represented by 8 financial risk experts and specialists collaborating with all WB Risk entities of INGs geographic. The Lead role will collaborate with front-office teams senior management and other risk functions to mitigate credit operational market and reputational risks while ensuring regulatory compliance and supporting strategic business objectives.

With the tremendous growth of the (non-regulated) FI sector the regulatory attention with and scrutiny of the FI sector has considerably increased in recent years. The FI Sector risk lead will play a central role in centrally managing the sector from this perspective.

The Team

As WB Risk Transaction Advice and Control Department we are a global team of 77 experts in credit risk sector analysis and financial products. Together we build and manage client portfolios that aim for the right balance between risk and reward. We believe in:

• Collaboration - Working together across regions and disciplines

• Growth - Learning continuously and sharing knowledge

• Impact - Making informed decisions that drive value for our clients

• Ownership - Taking initiative and accountability in our roles

Roles and responsibilities

Risk Oversight and Governance

• Contributes to development and implementation of risk management frameworks policies and procedures tailored to Financial Institutions sector covering both banks and NBFIs.

• Acts as the second line of defence providing independent oversight of risk-taking activities by the front office (first line of defence).

• Monitors and assess sector-specific risks including credit risk market risk liquidity risk operational risk and ESG (Environmental Social and Governance) risks.

• Ensures adherence to global regulatory requirements (e.g. Basel III/IV Dodd-Frank MiFID II GDPR and local regulations).

• Contributes or leads regulatory assessments (e.g. ECB OSI) for the FI sector.

Sector-Specific Risk Management

• Consolidates and steers the global TAC risk activities for the FI sector and formulates with the 1LoD the risk appetite areas of strategic growth and the framework to manages the FI sector on strategic level.

• Leads in-depth risk assessments for transactions and portfolios within the sector.

• Oversees credit risk evaluations for large-scale financing deals including syndicated loans leveraged finance and structured finance.

• Monitors and pro-actively addresses industry trends and macroeconomic factors impacting the assigned sectors to anticipate and mitigate emerging risks.

• Provides risk-based guidance on complex transactions ensuring alignment with risk appetite and capital allocation strategies.

• Evaluate exposures to NBFIs (e.g. hedge funds private equity firms insurance companies) for concentration risks and regulatory compliance.

Stakeholder Collaboration

• Aligns and steers the global FI TAC risk teams in locations and acts as a single point of contact to FI 1LoD management.

• Partners with front-office teams to balance risk and reward in client engagements and

• transaction structuring.

• Collaborates with other Risk teams Compliance Legal and Finance teams to ensure alignment with regulatory and financial reporting requirements.

• Advises senior management and the Board on risk exposures mitigation strategies and stress testing outcomes.

• Engages with external stakeholders including regulators auditors to demonstrate robust risk management practices.

Risk Monitoring and Reporting

• Oversees the development and implementation of key risk indicators (KRIs) and scenario analysis for the FI sector.

• Prepares and presents risk reports to senior management risk committees and the Board highlighting key exposures and mitigation plans.

• Monitors portfolio performance and ensures timely identification and escalation of potential risk issues.

• Leverages advanced analytics and risk modelling tools to enhance risk assessment and decision-making processes.

Leadership and Team Management

• Leads a team of risk professionals fostering a culture of accountability collaboration and continuous improvement including the global network.

• Provides mentorship and development opportunities to team members ensuring expertise in FI -specific risk management.

• Drives the adoption of innovative risk management tools technologies and methodologies.

Education: A Masters degree CFA or equivalent professional certification..

Experience:

• Minimum of 10 years of experience in wholesale banking risk management or a related field with at least 5 years in a senior leadership role with a senior decision mandate.

• Proven expertise in managing risks within FI and NBFI sectors.

• Strong understanding of global financial markets regulatory frameworks and industry-specific risk drivers.

• Experience in credit risk analysis portfolio management and structured finance.

Technical Skills:

• Proficiency in risk management familiarity with data analytics tools knowledge of financial instruments including derivatives syndicated loans and interbank lending.

Soft Skills:

• Exceptional communication and stakeholder management skills with the ability to influence senior leadership and external parties. Strategic thinking with a strong ability to balance risk and business objectives. Leadership and team-building capabilities with a focus on fostering a high performance risk-aware culture.

Key Competencies

• Risk Expertise: Deep understanding of credit market operational and ESG risks specific to Financial Institutions.

• Global Perspective: Ability to navigate complex cross-border regulatory and market environments.

• Decision-Making: Strong analytical skills to make informed risk-based decisions under pressure.

• Regulatory Acumen: Comprehensive knowledge of global banking regulations and compliance requirements.

• Innovation: Ability to leverage technology and analytics to enhance risk management practices.

How does success look like

• Effectiveness of risk frameworks in mitigating losses and ensuring compliance.

• Timeliness and accuracy of risk management and escalations.

• Quality of stakeholder engagement and alignment with business objectives.

• Team performance and development of risk management talent.

• Contribution to strategic initiatives such as ESG integration and digital transformation in risk management

Reporting Line and Classification

WB Risk TAC FI Sector Lead Role (Head of Financial Risk Management I) reports hierarchically to Johan Kuiper Global Head of TAC located in Amsterdam The Netherlands

This position is classified as: GJA Head of Financial Risk Management I JG 21 Job Title: WB Risk TAC FI Sector Lead Job Family Group: WB Risk Management Job Family: Risk Management