At a Glance
- Tasks: Join our team to manage valuation risks and ensure compliance with regulatory standards.
- Company: Dynamic international financial institution with a collaborative and informal culture.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Engage with diverse stakeholders and tackle complex challenges in a supportive environment.
- Why this job: Make an impact in financial risk management while working with cutting-edge valuation methodologies.
- Qualifications: Degree in Finance or related field; 3+ years in Banking and Finance required.
The predicted salary is between 60000 - 75000 € per year.
This role is part of the Financial Risk/Trading Risk Management (TRM) department. The department comprises a large team of market risk, valuation and counterparty credit risk managers & analysts, with expertise in the risk management of financial markets. The vacancy is in the TRM/Valuation team. 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 implementation in terms of fair and prudent valuation.
Main Duties and Responsibilities of Role:
The role is focused on delivering regulatory and accounting requirements across different regional hubs. The individual will be involved in topics related to valuation risks (for both trading and banking books). The key focus over the next few years will be on valuation (fair and prudent), where the individual will play a key role in the design and implementation of the IFRS and Prudential regulatory requirements. The individual’s main duties will focus on linear rates asset class amongst others.
Key responsibilities:
- Build relationships and work together with multiple stakeholders such as Front Office, Finance, Risk, Product Controllers, IT, Development & Validation Quants and market data providers for successful delivery and implementation of re-developed processes/models, ensuring that newly designed methodologies and models are appropriate, and their impacts are well understood and agreed.
- Engagement with external stakeholders such as market data vendors and consensus services.
- Engagement/follow up with regulators, auditors, validators and the industry on valuation related items.
- Ability to work with large data sets and systems, in an environment where data & processes are largely fragmented and manually managed.
- Review, understanding and summarising of pricing models, providing highlights and insights to valuation management team.
Qualification/Education
Essential:
- University degree in Finance/Economics/Econometrics or other science subjects
Experience/Knowledge
Essential:
- 3 years + of experience in Banking and Finance.
- Understanding of pricing financial markets linear rates products.
- Understanding of regulatory requirements, accounting standards and industry practices.
- Ability to explain complex concepts to key stakeholders.
- Experience of implementing & documenting requirements in an Investment Bank.
Desirable:
- Expertise in working in a valuation methodology team.
- Ability to handle large datasets for analysis purposes and proficient Excel usage and programming knowledge, especially Python, SQL and/or VBA.
- Understanding of pricing financial markets products on Non-Linear Rates or other asset classes.
- Design and implementation of Prudent Valuation requirements (across all VA types) in tactical and/or strategic solutions.
Personal Competencies
Essential:
- Excellent English-language communication skills, both verbal and written.
- Constructive attitude and proactive team player.
- Good stakeholder management.
- Critical thinking and strong analytical skills.
- Independent and creative with focus on delivering pragmatic and feasible solutions.
Valuation Risk Associate employer: ING Group
At ING, we pride ourselves on being an excellent employer, offering a dynamic and collaborative work environment within our Financial Risk/Trading Risk Management department. Our international team fosters an informal atmosphere that encourages open communication and teamwork, providing ample opportunities for professional growth and development. With a strong focus on delivering regulatory and accounting requirements, employees can engage with diverse stakeholders and tackle complex valuation challenges, all while enjoying the unique advantages of working in vibrant cities like Amsterdam and London.
StudySmarter Expert Advice🤫
We think this is how you could land Valuation Risk Associate
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Ace the Informal Chat
If you get a chance for an informal chat or coffee meeting, take it! This is your chance to showcase your personality and passion for the role. Be prepared to discuss your experience and how it aligns with the team’s goals.
✨Showcase Your Skills
When you get the interview, make sure to highlight your analytical skills and experience with large datasets. Use examples from your past roles to demonstrate how you’ve tackled similar challenges and delivered results.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Valuation Risk Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Valuation Risk Associate role. Highlight your experience in banking and finance, especially any work related to valuation risks and regulatory requirements. We want to see how your background fits with our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about valuation and risk management. Share specific examples of how you've tackled similar challenges in the past. We love seeing your personality come through!
Showcase Your Skills:Don’t forget to highlight your technical skills, especially in Excel, Python, SQL, or VBA. If you’ve worked with large datasets or implemented valuation methodologies, make sure to mention that. We’re looking for someone who can hit the ground running!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our informal and collaborative team!
How to prepare for a job interview at ING Group
✨Know Your Valuation Framework
Make sure you understand the valuation framework and regulatory requirements relevant to the role. Brush up on IFRS and Prudential standards, as well as how they apply to linear rates products. This will show your potential employer that you're not just familiar with the theory but can also apply it practically.
✨Build Relationships in Your Mind
Since this role involves working with various stakeholders, think about how you would approach building relationships with teams like Front Office, Finance, and IT. Prepare examples of how you've successfully collaborated in the past, as this will demonstrate your ability to engage effectively with different departments.
✨Data Handling Skills are Key
Be ready to discuss your experience with large datasets and your proficiency in tools like Excel, Python, SQL, or VBA. Consider preparing a brief example of a project where you managed data analysis, as this will highlight your technical skills and problem-solving abilities.
✨Communicate Clearly and Confidently
Given the importance of communication in this role, practice explaining complex concepts in simple terms. You might be asked to summarise pricing models or valuation methodologies, so being able to articulate your thoughts clearly will set you apart from other candidates.
