At a Glance
- Tasks: Monitor and analyse market risk, providing proactive oversight and support across financial products.
- Company: Join a leading financial institution with a strong focus on risk management.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth in a collaborative and innovative team.
- Why this job: Make a real impact in risk management while collaborating with top professionals.
- Qualifications: Degree in a numerate field and 3+ years of experience in financial risk management.
The predicted salary is between 56700 - 69300 £ per year.
Department Overview: This is a role in the Trading Risk department (TRM). The TRM UK department is a team of approximately 40 people supporting a wide area of businesses within Financial Markets, Group Treasury and Lending Services. The department’s core activities are measuring and analysing market risk across a variety of financial products. The role of the department is as a second line of defence being business partner to the Front Office (FO), providing challenge and support.
Role Purpose: Provide proactive ALM risk oversight and risk advice across IRRBB, Funding & Liquidity for the WB UK banking books, partnering closely with Group Treasury and Finance. Ensure robust ALM governance, independent challenge, and clear escalation of emerging risks. Support wider firm risk initiatives as required, ensuring alignment across risk disciplines. This role reports to the local Head of ALM Risk.
Main Duties and Responsibilities of Role:
- Risk Monitoring & Analysis (Daily oversight and reporting)
- Monitor, analyse, and report market risk exposure for the Treasury Function.
- Monitor key ALM/IRRBB and Funding & Liquidity risk indicators for relevant WB UK banking books, deliver concise commentary and escalate where risk appetite or control thresholds are approached/breached.
- Maintain a robust control environment for recurring reporting.
- Stakeholder Engagement (challenge and advisory)
- Partner with Treasury and Finance on balance‑sheet developments, risk drivers, and forward-looking risk considerations.
- Provide independent challenge on risk positions, assumptions, and actions required to address thresholds/ limit pressures.
- Communicate clearly to senior stakeholders, including timely escalation of emerging risks.
- Coordinate responses to internal and regulatory information requests, ensuring consistency of messaging and supporting evidence.
- ALM Governance & Reviews
- Prepare and host the Monthly Desk Review (MDR) for GT UK: pack preparation, narrative, challenge items, minutes/actions, and follow-up to closure.
- Lead the annual GT UK Limit review process, ensuring stakeholder alignment.
- Support ongoing local ALM governance obligations.
- Regulatory Reporting & Data (SOT IRRBB)
- Produce quarterly Supervisory Outlier Test (SOT) submissions on IRRBB sensitivities for WB UK banking books.
- Proactively identify and flag data quality issues to Finance/data owners; track remediation and maintain an issues log.
- Support system migrations to enhance risk reporting.
- Process & Control Enhancement (Efficiency and robustness)
- Drive continuous improvement of BAU processes to strengthen controls, reduce operational risk, and improve timeliness/quality of outputs.
Qualification/Education
- Essential: A university degree (2:1 or higher) in a numerate field (a science, economics, maths, or engineering).
- Desirable: Further education in a numerate field, MSc/MS and/or professional qualification (e.g. CFA, FRM).
Experience/Knowledge
- Essential: 3+ years of experience in the financial industry, with a strong focus on risk management.
- Good understanding of banking activities and risk management requirements including liquidity management, and a good understanding of a bank’s balance sheet.
- Solid understanding of IRRBB concepts and ability to interpret and explain drivers.
- Technical proficiency in Python for data analysis, automation, and process improvement.
Personal Competencies
- Essential: Excellent analytical and problem-solving skills.
- Good communicator with attention to detail, pro-active, and autonomous.
- Collaboration & teamwork (coordinate across functions, support team capacity).
- Flexible approach to role and responsibilities.
- Capable of managing multiple tasks and deadlines effectively.
Summary Location: London Type: Full time
ALM Risk Associate in London employer: ING Banking
At ING, we pride ourselves on being an exceptional employer, particularly for the ALM Risk Associate role in our dynamic London office. Our collaborative work culture fosters innovation and professional growth, offering employees opportunities to engage with senior stakeholders and contribute to critical risk management initiatives. With a strong emphasis on continuous improvement and a commitment to employee development, we provide a supportive environment where your expertise in financial risk can truly make an impact.
StudySmarter Expert Advice🤫
We think this is how you could land ALM Risk Associate in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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We think you need these skills to ace ALM Risk Associate in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ING Banking.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on ING Banking's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ING Banking
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ING Banking.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at ING Banking will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ING Banking employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
