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We are looking for a senior Quantitative Market Risk Analyst
We currently have a job opening in the Research team of CMRM Retail. We are looking for a candidate who has strong analytical skills and has proven to be able to develop quantitative models. The candidate preferably holds a PhD or Master’s degree in a quantitative scientific field such as Econometrics, Mathematics or Physics.
Key Responsibilities:
o As a Senior Quantitative Market Risk Analyst you will take co-responsibility for developing risk methodologies for the assessment, measurement and hedging of the market risks in various sorts of retail portfolios of ING Group.
o The development and implementation of risk management systems for the execution of risk hedges and advising the business units on hedge strategies.
o Programming simulation tools in Java to be used for risk management and reused for further research.
o Advising the management, the Board of Directors, Business Units and several management committees on market risk exposures and effectiveness of the hedge strategies.
o Use mathematical and statistical techniques to analyze market data for risk modelling and measurement purposes, thereby supporting the reporting activities of Corporate Market Risk Management (CMRM) to local and head-office management.
o Developing market risk management policies and technical documentation for measuring and managing market risk in ING portfolios.
Organisational Context
ING Corporate Market Risk Management (CMRM) analyses and supervises ING Bank’s market risks worldwide. We are a team of about 250 colleagues worldwide, who work together in a sociable, direct and forthcoming way in an international environment.
ING Bank’s worldwide trading and banking activities involve market risks that pertain to the impact of fluctuations in interest rates, foreign exchange rates and equity prices. The Market Risk Management department of ING is responsible for activities managing these risks. As market risk analyst the candidate for this position will be responsible for the daily management of risks in retail portfolios. He/she will be involved in projects concerned with the modelling of market risks. A correct representation and analysis of the market risk profile and related results is crucial input for management decisions within ING Bank. The Market Risk Analyst plays an important role in the measurement and control of market risk exposures and results of ING Bank’s banking books.
Personal Profile
The candidate should have the following qualifications:
- Proven strong quantitative and analytical skills, a PhD or Master’s Degree.
- Education in a quantitative field (Econometrics, Mathematics, Physics, etc.).
- Experience in financial instruments, financial markets and market risks.
- Experience in Java programming (or other Object-Oriented language).
- Fluent in written and spoken English.
Salary & Benefits
This is a fulltime position (36-40 hours) per week. The salary is dependent on knowledge and experience. Location is Amsterdam.
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