At a Glance
- Tasks: Monitor and analyse market risk, providing oversight and support across banking books.
- Company: Dynamic financial institution with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development opportunities, and a supportive work environment.
- Other info: Opportunity for career growth and involvement in key financial initiatives.
- Why this job: Join a team that shapes financial strategies and mitigates risks in a fast-paced industry.
- Qualifications: Degree in a numerate field and 3+ years of experience in risk management.
The predicted salary is between 55000 - 65000 £ per year.
Department Overview
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 is a second line of defense, partnering with the Front Office to provide 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.
Key Responsibilities
- Risk Monitoring & Analysis – Daily oversight and reporting of 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 or breached. Maintain a robust control environment for recurring reporting.
- Stakeholder Engagement – 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 – Drive continuous improvement of BAU processes to strengthen controls, reduce operational risk, and improve timeliness/quality of outputs.
Qualifications & Education
Essential – A university degree (2:1 or higher) in a numerate field (science, economics, maths, or engineering).
Desirable – Further education in a numerate field, MSc/MS and/or professional qualification (e.g. CFA, FRM).
Experience & Knowledge
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 Associate in London employer: ING Services Limited, London
As an ALM Risk Associate at our esteemed financial institution, you will thrive in a dynamic and collaborative environment that prioritises employee development and well-being. Our commitment to fostering a culture of innovation and continuous improvement ensures that you will have ample opportunities for professional growth while working alongside experienced professionals in the heart of the UK's financial sector. With competitive benefits and a focus on work-life balance, we are dedicated to supporting your career journey in a meaningful and rewarding way.
Contact Details:
ING Services Limited, London Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land ALM Risk Associate in London
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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 Services Limited, London.
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How to prepare for a job interview at ING Services Limited, London
✨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 Services Limited, London.
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✨Show Your Passion for Finance
Since this is a full-time position, employers at ING Services Limited, London 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 Services Limited, London 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.
