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

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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 ING Privacy Notice In order to operate ING’s recruitment process, we will collect and store personal information you provide. Please read the attached privacy notice to understand how ING uses and protects this information. We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar – like location and job type – to help you find the perfect fit. Start exploring now and discover where your next career move could take you!