Financial Risk Specialist III

Financial Risk Specialist – Trading Risk Management (TRM) CEM & Macro

TRM CEM & Macro is a global department within ING’s CRO Financial Risk organization. The team provides independent market risk oversight for the Credit Exposure Management (CEM) desk of Financial Markets (FM). We manage ING’s XVA (Valuation Adjustments) risks arising from global derivative activities as well as risks from Macro strategies adopted by FM.

As a Financial Risk Specialist, you will play a key role in monitoring and managing market risks related to XVA. You will work closely with traders, trading quants, model risk management, and other stakeholders across the FM value chain.

This role offers a unique opportunity to gain expertise in both credit risk (XVA, collateral, counterparty credit risk) and market risk (VaR, limit monitoring), while gaining exposure to all derivative asset classes traded by FM. Our team culture is informal, open, and results oriented.

Your responsibilities include:

• Monitor portfolio risk sensitivities, Value-at-Risk (VaR), stress scenarios, and limit usage.
• Maintain ongoing dialogue with Front Office on positioning, market developments, and trading strategies.
• Set risk appetite for the CEM desk (e.g., VaR, Greek limits).
• Act as model owner for XVA VaR and FRTB-CVA capital models.
• Develop and perform model monitoring activities.
• Contribute to market risk modelling enhancements and stress test development.
• Support regulatory initiatives such as the Fundamental Review of the Trading Book (FRTB).
• Participate in quantitative impact studies (QIS), industry benchmarking, and consultations.

Who are we looking for?

We are looking for a professional with 3–5 years of experience in financial risk disciplines, who thrives in a dynamic and evolving environment.

• Master’s degree in economics, econometrics, or another quantitative field.
• Proven knowledge of financial markets and instruments.
• Strong analytical and data-mining skills with attention to detail.
• Excellent communication skills and ability to engage with multiple stakeholders.
• Proficient in breaking down complex issues and developing practical and strategic responses.
• Fluent in English.
• Technical skills: Proficiency in Excel; knowledge of VBA, Python, and SQL is a plus.