Jobid=A.0.07
We are looking for a Financial Risk Specialist, to strengthen the Securitization Oversight team within Integrated Risk/MCO department.The teamThe Model Risk Oversight (MCO) team is responsible for credit risk control activities related to model change risk management and in this capacity, supports the Head of Integrated Risk in their role as single end-to-end accountable Model Owner for model quality assurance and control. In addition, the team maintains INGs IRB model landscape policy, serves as a center of expertise for model regulations and single point of contact to the ECB for model change related topics.Recently the mandate of the team has been extended with the creation of the new role to include advising and controlling role in the securitization process. This new Regulatory Engagement and Oversight Specialist for Significant Risk Transfer (SRT) Deals is responsible for managing the regulatory engagement, oversight, and control framework related to significant risk transfer transactions under supervision of the head of MCO department. This role requires a deep understanding of risk management, regulatory compliance, and financial structuring to ensure that all SRT deals are aligned with regulatory expectations and internal governance standards. The position will collaborate with various stakeholders, including MBB-2/-1, regulatory authorities, internal risk, legal, compliance, and financial teams, to ensure comprehensive oversight of SRT deals and effective communication with regulators.MCO department is an international team of highly qualified professionals with an open and informal atmosphere, located in Amsterdam, consisting of 13 persons.Regulatory Engagement and ComplianceLead communication and engagement with relevant regulatory bodies (e.g., PRA, ECB, Federal Reserve, etc.) regarding significant risk transfer transactionsEnsure that SRT deals meet all applicable regulatory requirements, including capital adequacy, risk transfer, and disclosure obligationsServe as the key point of contact for regulators, ensuring timely submission of documentation, reporting, and responses to queries regarding SRT dealsMonitor evolving regulatory landscapes and proactively assess the impact of regulatory changes on SRT transactionsRisk Management and Internal ControlImplement and oversee control frameworks to manage and mitigate risks associated with SRT deals, ensuring robust risk governanceConduct periodic risk reviews and stress testing for SRT transactions to assess their performance under different market conditionsEnsure effective governance and internal controls are established and maintained throughout the lifecycle of SRT dealsReporting and DocumentationEnsure all relevant documentation related to SRT deals, including risk assessments, deal structures, regulatory filings, and internal approvals, are maintained and updatedLead preparation for regulatory examinations and audits related to SRT transactionsStakeholder Management and CollaborationAct as a liaison between internal stakeholders and external regulatory bodies, ensuring a clear line of communication regarding SRT deal oversightCollaborate with senior leadership on strategic decisions related to risk transfer and regulatory implicationsHow to succeedWe hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.University degree, preferably in Economics/Econometrics/FinanceMinimum of 5-10 years of experience in regulatory engagement, risk management, compliance, or control functions within financial services, particularly in areas related to significant risk transfer or securitizationProven track record in managing regulatory relationships and navigating complex regulatory environmentsExperience in structuring or overseeing complex financial transactions, particularly SRT deals or securitizationStrong understanding of regulatory frameworks (e.g., Basel III, CRD IV, Solvency II) and their application to risk transfer transactionsExcellent communication skills with the ability to engage with regulators, senior management, and internal teamsStrong analytical and problem-solving skills, with the ability to assess risks and provide strategic solutionsAttention to detail, with the capability to manage complex regulatory reporting and documentation requirementsDemonstrated ability to lead cross-functional teams and manage projects in a fast-paced environmentFluency in English (both written and verbal)Rewards benefitsWe want to make sure that you can strike the right balance between your career and your private life. You can find out more about our employment conditions atThe benefits of working with us at ING includeHybrid working mode (flexible working from home and office)A salary tailored to your qualities and experienceA salary indication 6176 – 9.871 EUR based on 36 hours per week24-27 vacation days depending on the contractPension scheme13th-month salaryIndividual Savings Contribution (BIS), 3.5% of your gross annual salary8% Holiday paymentPersonal growth and challenging work with endless possibilitiesAn informal working environment with innovative colleaguesWork Agile, so new ideas come to life fasterAbout usWith 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.
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