Senior ALM Model Developer
ING NederlandAbout the Role
Join our dynamic ALM (Asset & Liability Management) modelling team at ING Nederland, where we are responsible for developing and advising on ING's global ALM models. These models are crucial for pricing, funding, hedging, and capital requirement purposes. As a Senior ALM Model Developer, you will play a key role in ensuring that our models lead to stable Net Interest Income and accurate capital requirements.
Key Responsibilities
- Develop models integrated into our business model, impacting global balance sheets.
- Focus on behavioural modelling for liabilities, including non-maturing deposits (NMDs) such as savings and current accounts.
- Develop regulatory models for NII and EVE Supervisory outlier tests (SOTs) and EBA Stress testing exercises.
- Monitor and model client behaviour using big data analytics to spot emerging trends.
- Engage with multiple stakeholders across the organization, requiring strong planning, stakeholder management, and technical skills.
- Stay informed on regulatory developments as ALM models are supervised by regulators.
Qualifications
- Academic degree (MSc or PhD) in a quantitative field such as Econometrics, Mathematics, Engineering, or Physics.
- Professional qualifications in financial risk (CFA, FRM) or willingness to obtain them.
- Experience in the financial sector, particularly within the IRRBB domain.
- Experience in modelling NMDs and familiarity with regulatory reporting requirements for Banking Books.
- Strong quantitative skills and proficiency in programming languages such as Python.
- Excellent analytical skills with attention to detail.
- Fluent in English.
How to Succeed
We value potential and curiosity. We expect you to keep learning and take on responsibility. In return, we offer support to help you develop into an even more awesome version of yourself.
Rewards and Benefits
- A salary tailored to your qualities and experience.
- 24-27 vacation days depending on contract.
- Pension scheme.
- 13th month salary.
- Individual Savings Contribution (BIS), 3.5% of your gross annual salary.
- 8% Holiday payment.
- Hybrid working to blend home and office work.
- Personal growth and challenging work with endless possibilities.
- An informal working environment with innovative colleagues.
About Us
With 60,000 employees and operations in approximately 40 countries, ING offers numerous opportunities for those with initiative. We are committed to helping people take a step ahead in life and in business. If you want to work at the cutting edge of what's possible and ensure you work with integrity, ING is the place for you. Join us and apply today.
Benefits Extracted with AI
- 24-27 vacation days depending on contract
- Pension scheme
- 13th month salary
- Individual Savings Contribution (BIS), 3.5% of your gross annual salary
- 8% Holiday payment
- Hybrid working
- Personal growth opportunities
- Informal working environment
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