The opportunity

ING is looking for a Credit Risk Economic Capital Analyst to strengthen the ICAAP Analytics team within Integrated Risk. ICAAP Analytics is responsible for the further development and roll-out of the Economic Capital Framework. Key element of this Framework is the successful redevelopment and roll-out of the new Credit Risk EC (CREC) model for which ICAAP Analytics is the model owner. This means that the role is all about having a good understanding of the model, its drivers and the translation of use cases and requests from users into model requirements for Model Development. The output of the CREC model are used to for risk appetite and capital adequacy purposes and need to be used for pricing and deal selection purposes by first line of defense.

The team

ICAAP Analytics is a staff department within Integrated Risk that executes and coordinates various integrated risk topics like:

ICAAP: Being the second line of defense with respect to ICAAP/Capital Management and thereby working close together with Group Treasury.
Economic Capital: Overseeing the implementation of the new Economic Capital Framework and supporting further usage in both risk management and steering.
Stress testing: Covering internal and external (EBA) ICAAP/Capital Stress Testing as well as Climate Risk Stress Testing.
Risk Appetite: Coordination of the group-wide Risk Appetite Framework, including solvency/capital risk appetite, allocation to risk types and preparing the annual risk appetite to the Management Board Banking and Supervisory Board.
New regulations: Assess the impact of new regulations like Basel IV
Disclosures: Coordination of internal risk reporting towards the Management Board and Supervisory Board and external disclosures in e.g. the Annual Report and towards investors and ratings agencies.

ICAAP Analytics is an international team of highly qualified professionals with an open and informal atmosphere, located in Amsterdam, consisting of 20 persons.

Roles and responsibilities

Be the centre of expertise, design and execute the Credit Risk Economic Capital Framework as the delegated model owner;
Be in the lead for different global financial risk related projects for Credit Risk EC;
Support and improve the Economic Capital Risk Appetite and limit setting, allocation and monitoring;
Coordinate, challenge & perform in-depth credit risk analyses and assessments;
Provide guidance and advise to Senior Management and all stakeholders on Credit Risk Economic capital;
Initiate model improvements and determine requirements;
Participation in (change) projects and model content panels;
Follow, interpret and execute developments/ requirements by regulators in the fields of Economic Capital & Credit Risk;

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.

>5 years knowledge of risk management and financial products specifically in Credit Risk;
Academic level, preferably in Economics, Econometrics, Quantitative Finance or a similar specialisation;
Strong (data) analytical and quantitative skills (the breakdown of complex issues in manageable pieces);
Result-driven and able to push things forward in a persistent and constructive manner;
Able to manage different stakeholders and navigate different cultural environments;
Changeable and flexible, able to act swiftly in changing situations;
Well structured, autonomous, highly adaptive, flexible team player;
Thrive while working in a fast-paced, dynamic environment;
Fluent in English (both verbal and in writing);
Working with presentations, the ability to present complex content in an easy and transparent way;

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. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm.

The benefits of working with us at ING include:

A salary tailored to your qualities and experience
24-27 vacation days depending on contract
Pension scheme
13th month salary
Individual Savings Contribution (BIS), 3.5% of your gross annual salary
8% Holiday payment
Hybrid working to blend home working for focus and office working for collaboration and co-creation
Personal growth and challenging work with endless possibilities
An informal working environment with innovative colleagues

About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.