At a Glance
- Tasks: Join a dynamic team to manage financial valuation risks and ensure compliance with regulations.
- Company: 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 financial challenges.
- Why this job: Make an impact in the finance world 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 - 80000 € 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 summarizing 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:
- 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.
- 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.
- Excellent English-language communication skills, both verbal and written.
- Constructive attitude and proactive team player.
- Critical thinking and strong analytical skills.
- Independent and creative with focus on delivering pragmatic and feasible solutions.
Valuation Risk Associate employer: ING
As a Valuation Risk Associate in our Financial Risk/Trading Risk Management department, you will thrive in an international team that values collaboration and innovation. Our informal work culture fosters open communication and strong relationships across Amsterdam and London, while offering ample opportunities for professional growth and development in the dynamic field of financial risk management. Join us to make a meaningful impact on valuation frameworks and regulatory compliance in a supportive environment that prioritises your career advancement.
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, webinars, or even casual meet-ups. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences and how you’ve tackled valuation risks in the past. Let them see your expertise in action!
✨Be Ready for the Interview
Prepare for those tricky questions by brushing up on your knowledge of regulatory requirements and pricing models. Practice explaining complex concepts simply – it’ll show you can communicate effectively with stakeholders.
✨Apply Through Our Website
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 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 methodologies and regulatory requirements. We want to see how your skills match 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 valuation risk and how your background makes you a great fit for our team. Keep it informal but professional, and don’t forget to mention your experience with large datasets and financial products.
Showcase Your Analytical Skills:In your application, be sure to highlight your analytical skills and critical thinking abilities. We love candidates who can break down complex concepts and communicate them clearly. Share examples of how you've done this in past roles!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all your documents in one go. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at ING
✨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 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 multiple stakeholders, think about how you would approach building relationships with teams like Front Office, Finance, and Risk. Prepare examples of how you've successfully collaborated in the past, as this will demonstrate your ability to engage effectively with diverse teams.
✨Data Handling is Key
Be ready to discuss your experience with large datasets and your proficiency in tools like Excel, Python, SQL, or VBA. Prepare to share specific instances where you've used these skills to analyse data or implement solutions, as this will highlight your technical capabilities.
✨Communicate Complex Concepts Simply
Practice explaining complex financial concepts in simple terms. You might be asked to clarify valuation methodologies or pricing models during the interview. Being able to communicate clearly will showcase your understanding and make you stand out as a candidate who can bridge gaps between technical and non-technical stakeholders.
