At a Glance
- Tasks: Join our team to manage valuation risks and ensure compliance with regulatory requirements.
- Company: Dynamic international team within a leading financial institution.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Engaging work environment with strong focus on teamwork and innovation.
- Why this job: Make an impact in financial risk management while collaborating with diverse stakeholders.
- Qualifications: Degree in Finance or related field and 3+ years in Banking and Finance.
The predicted salary is between 55000 - 65000 € 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 and 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 in London employer: ING
At ING, we pride ourselves on being an excellent employer, particularly for the Valuation Risk Associate role within our dynamic Financial Risk/Trading Risk Management team. Our international work culture fosters collaboration and innovation, with ample opportunities for professional growth and development in a supportive environment. Located in vibrant Amsterdam, employees benefit from a strong focus on work-life balance, competitive remuneration, and the chance to engage with diverse stakeholders across the financial landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Valuation Risk Associate in London
✨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 understanding of valuation risks. Use examples from your past experiences to demonstrate how you’ve tackled similar challenges.
✨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 being part of our team.
We think you need these skills to ace Valuation Risk Associate in London
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 should tell us why you're the perfect fit for this role. Share specific examples of your experience with pricing financial markets products and how you've engaged with stakeholders. This is your chance to show off your communication skills!
Showcase Your Analytical Skills:Since the role involves working with large datasets, make sure to mention any relevant experience you have with data analysis, Excel, or programming languages like Python or SQL. We love seeing candidates who can handle complex data with ease!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our informal and collaborative team!
How to prepare for a job interview at ING
✨Know Your Valuation Basics
Make sure you brush up on your understanding of valuation risks, especially in relation to linear rates products. Be prepared to discuss how these concepts apply to both trading and banking books, as this will show your grasp of the role's core responsibilities.
✨Showcase Your Stakeholder Skills
This role involves working with various stakeholders, so be ready to share examples of how you've successfully built relationships in previous roles. Highlight your experience in engaging with teams like Front Office, Finance, and IT, and how you navigated any challenges that arose.
✨Demonstrate Your Analytical Prowess
Since you'll be dealing with large datasets, it’s crucial to showcase your analytical skills. Prepare to discuss specific tools or methods you've used for data analysis, particularly in Excel, Python, SQL, or VBA. This will help illustrate your technical capabilities.
✨Understand Regulatory Requirements
Familiarise yourself with IFRS and Prudential regulatory requirements, as these are key to the role. Be ready to explain how you've implemented similar requirements in past positions, which will demonstrate your relevant experience and understanding of the industry standards.
