Your role & work environment
ING Belgium is looking for a Financial Risk Specialist within the ICAAP Analytics team. The role allows you to contribute to the ICAAP Analytics team which is responsible for overarching topics such as risk appetite setting, risk assessment and stress testing. Additionally, you help ING to define and steer its strategic objectives by proactively providing risk advice unlocking business potential.
Your key responsibilities
Support ING's strategic ambitions by proactively managing ING's risk appetite on Solvency risk.
•Conduct the Identification and Assessment of risks across ING and ensure they are properly acted on.
•Provide support on the execution of our must win battle on capital optimization.
•Assess business & financial plans against ING's solvency risk appetite & perform sensitivity and alternative scenario analysis.
•Assess the impact of new regulations such as CRR3 and explain the interaction between regulatory capital and the Economic Capital perspective.
Positively impact the Internal Capital Adequacy Assessment Process within ING Belgium.
•Being the second line of defense with respect to ICAAP and thereby working close together with Group Treasury/Capital Management.
•Perform Economic Capital (EC) forecasting over the planning horizon, translating business-plan assumptions, portfolio developments, risk parameters and management actions into forward-looking EC projections.
•Design, execute and challenge EC stress testing, including the translation of macroeconomic and idiosyncratic scenarios into impacts by risk type, aggregation of stressed EC results, analysis of diversification effects and interpretation of capital adequacy outcomes.
•Translate EC forecasting and stress-testing results into clear management insights, key vulnerabilities, mitigating actions and decision points for senior leadership.
•Yearly recalibrate solvency risk appetite and allocation to risk types.
For this purpose, you will:
•Develop a strong understanding of the methodologies, parameters, data flows and reporting infrastructure used to calculate Economic Capital across material risk types.
•Understand the calculation of Credit Risk capital and provisions, including the related ING Group reporting infrastructure (Vortex) and management tools.
•Maintain transversal contacts with internal and external stakeholders, including Risk, Finance, Capital Management, delivery tribes, ING Group, Front Office, subsidiaries and auditors.
•Have direct exposure to ING's leadership and present complex EC analyses in a concise, decision-oriented manner.
We look for
A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead, who is interested in expanding its competences and leadership skills. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.
As a Financial Risk Expert within ICAAP analytics you will need:
•Master's degree (Economics, Finance, other)
•Relevant experience in Risk Management, Financial analytics, financial project management
•A fluent level in English (written and oral communicator)
•Demonstrated prior experience with Economic Capital in a banking or financial-services environment, including hands-on responsibility for EC calculation, forecasting, planning, reporting or stress testing.
•Proven ability to perform multi-year EC forecasting, including identification of key drivers, reconciliation of movements, assessment of management actions and explanation of deviations against plan or prior forecast.
•Proven experience in EC or ICAAP stress testing, including scenario translation, risk-type impact assessment, aggregation, diversification, sensitivity analysis and interpretation of results for capital adequacy.
•Eagerness to learn and explore new ways of working and automations.
•Data-minded: Experience in SAS EG / credit reporting software is a plus.
•Be able to work both autonomously and in team.
We offer you
A clear purpose with
•Personal growth & challenging work with many opportunities to increase your competences and build on the next step in your career
•An informal, dynamic environment with innovative colleagues supporting your endeavours
•Exposure to senior leadership of ING
