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 opportunities for career advancement.
- Other info: Dynamic team environment with opportunities for continuous improvement and innovation.
- Why this job: Make a real impact in risk management while collaborating with top professionals in finance.
- 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: 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.
ALM Risk Associate in London employer: ING
At ING, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation within our Trading Risk department. Our commitment to employee growth is evident through continuous learning opportunities and a supportive culture that encourages proactive engagement with senior stakeholders. Located in the heart of the UK financial markets, we provide our employees with the unique advantage of working alongside industry leaders while ensuring a robust governance framework that empowers them to make impactful decisions.
StudySmarter Expert Advice🤫
We think this is how you could land ALM Risk Associate in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in ALM risk or related fields. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills, especially Python for data analysis. Be ready to discuss how you’ve used these skills in past roles to tackle risk management challenges.
✨Tip Number 3
Showcase your analytical prowess! During interviews, share specific examples of how you've monitored and reported market risk exposure. This will demonstrate your hands-on experience and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace ALM Risk Associate in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the ALM Risk Associate role. Highlight your experience in risk management and any relevant skills, like your technical proficiency in Python. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how you can contribute to our team. Be sure to mention your understanding of banking activities and your analytical skills.
Showcase Your Analytical Skills:Since this role requires excellent analytical abilities, make sure to include examples of how you've used these skills in previous roles. Whether it's through data analysis or problem-solving, we want to see your thought process in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you'll find all the details you need about the role right there!
How to prepare for a job interview at ING
✨Know Your Numbers
As an ALM Risk Associate, you'll be dealing with a lot of data and metrics. Brush up on your understanding of key risk indicators, IRRBB concepts, and liquidity management. Be ready to discuss how you’ve used these in past roles, as this will show your analytical skills and familiarity with the financial landscape.
✨Showcase Your Technical Skills
Since technical proficiency in Python is essential for this role, make sure you can talk about your experience with data analysis and automation. Prepare examples of how you've used Python to improve processes or solve problems in previous jobs. This will demonstrate your capability to drive continuous improvement.
✨Engage Stakeholders Effectively
This role requires strong communication skills, especially when it comes to engaging with senior stakeholders. Think of examples where you've successfully communicated complex risk information or provided independent challenge. Practise articulating your thoughts clearly and concisely, as this will be crucial during the interview.
✨Prepare for Governance Discussions
You'll need to be familiar with ALM governance and reporting processes. Review any relevant experiences where you prepared reports or led discussions, like Monthly Desk Reviews. Being able to discuss your approach to governance and how you ensure alignment across teams will set you apart from other candidates.
