Counterparty Credit Risk Portfolio Risk Manager
ING seeks an experienced Counterparty Credit Risk (CCR) Portfolio Risk Manager to take a senior role in the newly established CCR organization. Build on ING's CCR capabilities to drive consolidation of risk management and oversight of the counterparty credit risk portfolio. Shape strategies that safeguard the bank's ability by managing complex counterparty credit risk across dynamic global markets.
Team Overview: You will be part of a newly formed CCR Portfolio Risk Management team which combines portfolio risk management and oversight covering ongoing portfolio monitoring, deep dives, stress testing, wrong way risk, transaction analysis, and establishing a Risk Appetite Framework for CCR.
Roles and Responsibilities:
- Lead initiatives to align the firm's CCR framework with industry best practices and regulatory requirements.
- Serve as a subject matter expert on ECB findings and BCBS guidance regarding CCR.
- Continuously monitor exposure driving asset classes and credit events in global markets to assess portfolio risks and ensure timely risk insights and proactive management.
- Produce thematic portfolio analyses including wrong way risk, concentration and correlation risk, sector/single name/transaction analysis.
- Enhance CCR stress testing framework to assess portfolio vulnerabilities and support daily risk management decisions.
- Understand application landscape, input data, and exposure metrics related to CCR and prepare materials for management committees, internal audit, and regulatory engagement.
- Drive discussions with key stakeholders including Credit Exposure Group, Model Validation, IT, Front Office, Collateral Management, Risk, Legal to resolve CCR issues and enhance the CCR framework.
- Maintain awareness of model developments and IT system implementations ensuring change projects achieve desired outcomes.
- Represent CCR team in firmwide initiatives including new product approvals.
How to Succeed:
- Keep learning and take on responsibility.
- University degree in Business, Finance, Statistics, Economics, Econometrics or comparable field.
- 10 years experience in a counterparty risk role within a banking institution.
- Deep product knowledge across fixed income, equities and commodity markets.
- Strong knowledge of CCR regulatory landscape and industry best practices.
- Excellent communication skills for effective cross-functional engagement and 2nd line challenge.
- Programming knowledge is an advantage.
Rewards and Benefits:
- Salary tailored to qualities and experience.
- 25-28 vacation days depending on contract.
- Pension scheme, 13th month salary, 8% holiday payment.
- Mobility Card.
- Hybrid working environment.
- Personal growth and challenging work opportunities.
