At a Glance
- Tasks: Join our team to manage valuation risks and ensure compliance with regulatory standards.
- Company: Dynamic financial institution with a collaborative and informal atmosphere across Amsterdam and London.
- Benefits: Competitive salary, professional development opportunities, and a supportive work environment.
- Other info: Engage with cutting-edge valuation methodologies and enjoy excellent career growth.
- Why this job: Make a real impact in financial risk management while working with diverse stakeholders.
- Qualifications: Degree in Finance or related field, plus 3+ years in Banking and Finance.
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 Expert employer: ING
As a Valuation Risk Expert within our Financial Risk/Trading Risk Management department, you will thrive in an international team that fosters an informal and open atmosphere, promoting collaboration across Amsterdam and London. We prioritise employee growth through continuous learning opportunities and a strong focus on delivering impactful solutions, making us an excellent employer for those seeking meaningful and rewarding careers in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Valuation Risk Expert
✨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. Make sure they see the value you can bring to their team.
✨Be Ready for the Interview
Prepare for those tricky questions by brushing up on your knowledge of regulatory requirements and accounting standards. 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 joining our team.
We think you need these skills to ace Valuation Risk Expert
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Valuation Risk Expert role. Highlight your experience in banking and finance, especially with linear rates products. 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 risks and how your background makes you a great fit for our team. Keep it informal but professional – we love personality!
Showcase Your Technical Skills:Don’t forget to mention your proficiency in Excel, Python, SQL, or VBA. We’re keen on candidates who can handle large datasets and have a solid understanding of pricing models. Make sure these skills stand out in your application!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our awesome team!
How to prepare for a job interview at ING
✨Know Your Valuation Framework
Make sure you understand the valuation framework and its regulatory requirements inside out. 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 concepts but can also engage in meaningful discussions about them.
✨Build Relationships Beforehand
Since this role involves working with multiple stakeholders, it’s a good idea to research and connect with people from different departments like Front Office, Finance, and Risk. Having a few names and roles in mind can help you demonstrate your collaborative spirit during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with large datasets and how you've used tools like Excel, Python, or SQL in past roles. Be ready to share specific examples of how you’ve tackled complex problems or improved processes, as this will highlight your critical thinking and analytical abilities.
✨Communicate Clearly and Confidently
Practice explaining complex financial concepts in simple terms. The interviewers will be looking for your ability to communicate effectively with various stakeholders. Use clear examples from your experience to illustrate your points, and don’t shy away from asking clarifying questions if needed.
