TRM CEM & Macro is a global department within ING’s CRO Financial Risk organisation. The team is part of the Trading Risk pillar, Market Risk Methodology and Reporting team and provides independent risk oversight for the Credit Exposure Management (CEM) desk of Financial Markets (FM). The team manages ING’s XVA (valuation adjustments) risks arising from global derivative activities as well as risks from Macro strategies executed by FM. The team works closely together with other teams in the Financial Risk department that are owner of CVA capital and other XVA risk models and are pivotal in building compliant internal and regulatory models, supporting ECB on-site inspections, internal risk model reviews and delivering ongoing risk model enhancements.
This role offers a unique opportunity to further strengthen XVA risk oversight at desk level, combining counterparty credit risk and market risk perspectives across all derivative asset classes traded by FM. Our team culture is informal, open, and results oriented.
The team
As a Financial Risk Specialist, you will be part of the team consisting of 6 specialists monitoring and managing market risks related to XVA. In this senior specialist role, you will focus on proactive, forward-looking risk management and will engage daily with Front Office, Risk and Finance colleagues to discuss and challenge, where necessary, portfolio developments, XVA models, P&L and risk impacts, supporting informed decision-making. Further you will contribute to implementing model and governance improvements as well as updating risk appetite settings.
Roles and Responsibilities
- Support strengthening the XVA risk management framework by conducting internal reviews, constructively challenging Front Office and other stakeholders.
- Maintain ongoing dialogue with FM on positioning, market developments, and trading strategies.
- Perform portfolio reviews, ad-hoc scenario analysis and business-as-usual risk limit monitoring: risk sensitivities, Value-at-Risk (VaR), stress testing and limit updates.
- Provide independent challenge on complex transactions and new products, including supporting pre-trade assessments, limit recommendations, and timely escalation of material risks.
- Provide subject-matter expertise on XVA risk drivers and hedging considerations (CVA/DVA/FVA/COLLVA), including collateral, CSA terms, wrong-way risk, etc.
- Contribute to market risk modelling enhancements and stress testing developments.
- Develop and perform risk model monitoring activities. Ensure robust model risk governance for XVA models (documentation, monitoring, back-testing/benchmarking and audit readiness) and support responses to internal model reviews and supervisory requests.
- Drive change initiatives that strengthen the end-to-end XVA risk control environment (data quality, BAU process automation, tooling and MI), working closely with Front Office, Finance and IT.
- Maintain strong relationships with the XVA Product Control team and Counterparty Credit risk teams on P&L/valuation and risk matters.
- Provide expert advice on areas where traditional counterparty credit risk, product control and market risk topics overlap.
- Support regulatory initiatives such as the Fundamental Review of the Trading Book (FRTB), periodic EBA stress testing, participate in industry studies and consultations.
How to Succeed
We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.
- We are looking for a professional with 5-8 years of experience in financial risk disciplines, who thrives in a dynamic and evolving environment.
- Master’s degree in Econometrics, Quantitative Finance, Mathematics, or another quantitative field.
- Proven knowledge of financial markets, valuation and market risk models.
- Strong understanding of XVA concepts and key risk drivers (e.g., PD, LGD, exposure, collateral/CSA, netting, WWR) and market practices, ideally, supported by the 3+ years of experience in XVA risk, trading or model validation areas.
- Proficient in breaking down complex issues and developing practical and strategic responses.
- Strong analytical and data-mining skills with attention to detail.
- Excellent communication skills and ability to engage with multiple stakeholders.
- Experience with regulatory frameworks impacting XVA, market and counterparty risk would be a plus (e.g., FRTB-CVA, SA-CVA/BA-CVA, SA-CCR, FRTB-SA).
- Fluent in English.
Technical skills
Proficiency in Excel and solid Python skills; knowledge of VBA and SQL is a plus.
Rewards and benefits
We want to make sure that it’s 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 competitive salary aligned with your skills and experience
- 25-28 vacation days depending on your contract
- Pension scheme
- 13th month salary and 8% holiday allowance
- Individual Savings Contribution (BIS), 3.5% of your gross annual salary
- Flexible working hours and hybrid working options
- A mobility card: choose your mode of transport for commuting each day, with free public transport on weekends.
- Personal growth and challenging work with endless possibilities
- An informal working environment with a diverse group of innovative colleagues
About us
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Questions
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