Financial Risk Expert - Trading Risk Management (TRM) CEM & Macro

Vacaturebeschrijving

TRM CEM & Macro is a global department within ING’s CRO Financial Risk organisation. The team is part of the Trading Risk pillar, Market Risk Methodology and Reporting team and provides independent risk oversight for the Credit Exposure Management (CEM) desk of Financial Markets (FM). The team manages ING’s XVA (valuation adjustments) risks arising from global derivative activities as well as risks from Macro strategies executed by FM. The department is owner of CVA capital and other XVA risk models and is pivotal in building compliant internal and regulatory models, supporting ECB on-site inspections, internal risk model reviews and delivering ongoing risk model enhancements.

This role offers a unique opportunity to lead and further strengthen XVA risk oversight at desk level, combining counterparty credit risk and market risk perspectives across all derivative asset classes traded by FM. Our team culture is informal, open, and results oriented.

The team

As a Financial Risk Expert , you will be part of the team consisting of 6 specialists and play a key role in managing market risks related to XVA. We are seeking an expert who can lead the team in strengthening ING’s XVA risk management framework, including setting priorities, coaching colleagues, and driving improvements in risk governance and controls. In this role, you will focus on proactive, forward-looking risk management and will engage daily with Front Office, Risk and Finance colleagues to discuss portfolio developments, XVA models, P&L and risk impacts, supporting informed decision-making. Further you will focus on implementing model and governance improvements as well as updating risk appetite settings.

Roles and Responsibilities:

• Drive strengthening the XVA risk management framework by conducting internal reviews, constructively challenging Front Office and other stakeholders. Maintain ongoing dialogue with FM on positioning, market developments, and trading strategies.
• Perform portfolio reviews and support the team with business-as-usual risk limit monitoring: risk sensitivities, Value-at-Risk (VaR), stress testing and limit updates.
• Be a key point of contact on XVA-related matters towards Trading MT, perform ad-hoc scenario analysis and advice on relevant developments.
• Represent the XVA team in FO, Risk and Finance committees. Provide independent challenge on complex transactions and new products, including supporting (and where applicable leading) pre-trade assessments, limit recommendations, and timely escalation of material risks. Provide subject-matter expertise on XVA risk drivers and hedging considerations (CVA/DVA/FVA/COLLVA), including collateral, CSA terms, wrong-way risk, etc.
• Act as model owner for XVA VaR and FRTB-CVA capital models. Contribute to market risk modelling enhancements and stress testing developments. Develop and perform risk model monitoring activities. Ensure robust model risk governance for XVA models (documentation, monitoring, back-testing/benchmarking and audit readiness) and support responses to internal model reviews and supervisory requests.
• Drive change initiatives that strengthen the end-to-end XVA risk control environment (data quality, BAU process automation, tooling and MI), working closely with Front Office, Finance and IT.
• Maintain strong relationships with the XVA Product Control team and Counterparty Credit risk teams on P&L/valuation and risk matters. Provide expert advice on areas where traditional counterparty credit risk, product control and market risk topics overlap.
• Support regulatory initiatives such as the Fundamental Review of the Trading Book (FRTB), periodic EBA stress testing, participate in industry studies and consultations.

How to Succeed:

We 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.

We are looking for a profile with the following knowledge and experience:

• Minimum of 10 years of experience in the Trading Risk, Trading or adjacent areas.
• Demonstrated leadership experience (leading teams, coaching, and setting priorities) within Trading Risk / Market Risk / Counterparty Credit Risk / XVA.
• Proven knowledge of financial markets, valuation and market risk models.
• Strong understanding of XVA concepts and drivers (e.g., PD, LGD, exposure, collateral/CSA, netting, WWR) and market practices.
• Excellent communication skills and ability to engage with multiple stakeholders. Proficient in breaking down complex issues and developing practical and strategic responses.
• Strong analytical and data-mining skills with attention to detail.
• Experience with model risk management and governance (monitoring, back-testing/benchmarking, documentation and audit readiness) and ability to steer remediation where needed.
• “Make it happen” mindset and track record.
• Experience with regulatory frameworks impacting XVA, market and counterparty risk would be a plus (e.g., FRTB-CVA, SA-CVA/BA-CVA, SA-CCR, FRTB-SA).
• Fluent in English.
• Technical skills: Proficiency in Excel; knowledge of Python, VBA and SQL is a plus.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience
• 25 - 28 vacation days depending on contract
• Pension scheme
• 13th month salary
• 8% Holiday payment
• Mobility Card
• Hybrid working
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues

About us

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