At a Glance
- Tasks: Provide proactive ALM risk oversight and advice across banking books.
- Company: Join a leading financial institution with a focus on innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and involvement in key financial initiatives.
- Why this job: Make a real impact in risk management and governance within the banking sector.
- Qualifications: Degree in a numerate field and 3+ years of risk management experience.
The predicted salary is between 55000 - 65000 £ per year.
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.
Responsibilities:
- 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.
- 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.
- 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.
- 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.
- Drive continuous improvement of BAU processes to strengthen controls, reduce operational risk, and improve timeliness/quality of outputs.
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.
Qualifications & Experience:
- 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 Associate employer: ING
As an ALM Risk Associate at our esteemed financial institution in the UK, you will thrive in a dynamic work culture that prioritises collaboration and innovation. We offer competitive benefits, including professional development opportunities and a commitment to employee growth, ensuring you can advance your career while contributing to meaningful risk management initiatives. Join us to be part of a forward-thinking team that values your expertise and fosters a supportive environment for tackling complex challenges.
StudySmarter Expert Advice🤫
We think this is how you could land ALM Risk Associate
✨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. 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 Associate
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.
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'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
✨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.
✨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 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 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.
