ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead). For us, success will only be achieved if we act with Integrity.Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.Department OverviewThe role is part of the Financial Risk/Trading Risk Management (TRM) department. The department comprises a large team of market risk, product control, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets.The TeamThe vacancy is in the TRM/Centralization, Valuation & Product Control team which, amongst others, is the centre of expertise for valuation and product control topics within the bank. It is an international team with an informal and open atmosphere, with team members working across Amsterdam and London, all working together with a strong delivery focus. The team is responsible for setting/designing the valuation framework and valuation/product control reporting.Roles and responsibilitiesThe role is focused on delivering valuation regulatory and accounting requirements across different regional hubs. You will be involved in a variety of topics related to valuation risks (mostly for trading but also for banking books) including:Fair and Prudent Valuation adjustment processes for ING GloballyFair value hierarchy levelling and related disclosuresReporting towards senior management and face the external auditorMarket Data Committee, COREP reports, concentration AVA and disclosures for quarterly reportingDay One P&L reservingValuation Control projectsA key focus over the next few years will be on valuation (re)developments, where you will play a role in the design, development, implementation, testing and roll out to production of IFRS and Prudent Valuation (AVA) related enhancements across several asset classes.Career PotentialThe position offers excellent opportunities to excel in what you do and to broaden your Market Risk and Valuation skills, as well as exposure to a dynamic and agile international working environment across the bank, with a strong focus on Financial Markets and products, but also exposed to other areas with fair value books.How to succeedWe 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 back you to develop into an even more awesome version of yourself.Qualifications/EducationUniversity degree in Finance/Economics/Econometrics or other science subjects.Experience/KnowledgeInterest/affinity with Finance on one (or more) of the Valuation workstreams described above. Preferably with an understanding of IFRS Fair Value and Prudent Valuation regulation requirements and/or some previous experience in the subject.Understanding the valuation and risks of financial markets products, preferably with experience in one or more business lines (Equity, FX, Credits, Interest Rates, Commodities, XVA).Ability to handle large datasets for analysis purposes and proficient Excel usage. Preferably with some programming knowledge using SQL, Python and/or VBA.Ability to engage and manage expectations of stakeholders in large complex programs.Personal CompetenciesConstructive attitude and pro-active team player. Flexible in the scope to be covered to ensure successful ‘team delivery’ over individual priorities.Delivery focus considering agreed timelines, ‘can do’ mentality, positive attitude, and eagerness to learn and get outside your comfort area.Critical thinking and strong analytical skills.Flexible, independent, and creative with focus on delivering pragmatic and feasible solutions.Strong organisational and escalation skills.Excellent English-language communication skills, both verbal and written.Rewards and benefitsWe want to make sure that it’s possible for you to strike the right balance between your career and your private life and reward our people with a generous benefits offer and employment conditions.Questions?Contact Raluca Danea in our recruitment team for more information about this role. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.
