At a Glance
- Tasks: Provide proactive ALM risk oversight and analysis for financial markets.
- Company: Join a leading financial institution with a strong focus on risk management.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Dynamic team environment with excellent growth potential.
- 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 risk management experience.
The predicted salary is between 70000 - 90000 £ 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.
Risk Monitoring & Analysis (Daily oversight and reporting): Monitor, analyse, and report market risk exposure for Group Treasury (GT) UK function and the LCR repair book of Credit Exposure Management (CEM). 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 GT 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 LCS review process, ensuring stakeholder alignment. Support ongoing local ALM governance obligations.
Regulatory Reporting & Data (PDCE / SOT IRRBB): Delivery of the Periodic Data Collection Exercise (PDCE) outputs within WB UK scope. 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 the PDCE transition towards QRM migration (FR group target).
Process & Control Enhancement (Efficiency and robustness): Drive continuous improvement of BAU processes to strengthen controls, reduce operational risk, and improve timeliness/quality of outputs. Investigate opportunities to reduce the number of UDAs.
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.
ALM Risk Manager in London employer: ING Group
As an ALM Risk Manager in our Trading Risk department, you will thrive in a dynamic and collaborative environment that prioritises employee growth and development. We offer competitive benefits, a strong focus on work-life balance, and the opportunity to engage with senior stakeholders while contributing to critical risk management initiatives. Join us in London, where you can make a meaningful impact in the financial sector while enjoying a supportive and inclusive workplace culture.
StudySmarter Expert Advice🤫
We think this is how you could land ALM Risk Manager 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.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like ING Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace ALM Risk Manager 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 Group.
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 Group'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 Group
✨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 Group.
✨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 Group 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 Group 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.
