Enterprise Risk Management Officer
ING
- Luxembourg
- CDI
- Temps-plein
- Review the Solvency & Credit risk appetite, aligned to INGs strategic ambitions and associated risks.
- Be the local owner of Resolution and Recovery plan to coordinate and set local guidance aligned with Group guidance.
- Help stakeholder to pro-actively manage the risk appetite.
- Coordinate the risk identification and assessment process and design the stress testing program used for the IC/LAAP exercise.
- Execute Solvency & Credit risk stress testing driven by global scenarios and sensitivities analysis in the framework of IC/LAAP, or more generally respond to ad hoc requests for both internal and regulatory purposes.
- Perform and analyse impacts’ simulation from Basel 4 framework in collaboration with local and central teams and prepare synthesis documents of the outcomes.
- Help preparing quarterly the COREP Solvency reporting (focus on credit risk) in collaboration with Finance division.
- Ensure reasonableness of modelled Risk Weighted Assets, Expected Credit Losses and Economic Capital:
- Monitor external macro-economic events and their impact on the portfolio performance.
- Strengthen the forward-looking perspective of credit risk metrics including Ifrs-9 provision, RWA, EL and Economic Capital.
- Execute sensitivity analysis on individual risk drivers.
- Support the team on integration of climate risk component within RMC and more widely the Risk department:
- Ensure the climate risk compliance with Group guidance and decline it operationally at local level.
- Analyse and implement the climate risk models aligned with ING standards and articulate using of these models with existing risk models especially in credit risk and stress-testing.
- Be a referent on regulatory topics (Resolution and recovery plan, Basel 4, etc…) providing guidance to other risk teams and helping them converting regulatory guidelines into functional needs.
- Ensure compliance with regulation related to financial risks as coordinator and in collaboration with other risk teams, and help preparing the regulatory watch on a quarterly basis.
- Answer questions from the Business, Finance, external auditors, regulators, or rating agencies related to Solvency and Credit risk.
- Acquire a very good knowledge of the Bank’s portfolio, the related reporting infrastructure of ING Group (Vortex) and the management tools.
- Maintain a wide variety of contacts with internal teams at ING Luxembourg (other Risk teams, Finance, Group Treasury, various delivery tribes, etc…), our parent company ING Belgium, Head-Office in Amsterdam, and external stakeholders (auditors, CSSF, etc…).
- Master's degree (Economics, Finance, other)
- Relevant experience (+5 years) in ERM and Financial analytics
- Significant experience related to regulatory guidelines (SRB, CRR, CSSF and ECB)
- A fluent level in English (written and oral communicator)
- A good knowledge of MS Office
- Data-minded: Experience in SAS EG / credit reporting software and SQL is a plus
- Strong analytical skills
- Autonomy and team work
- Willingness to learn
- Personal growth & challenging work with endless opportunities to realise your ambitions
- An informal, dynamic environment with innovative colleagues supporting your endeavours
- A progressive and agile way of working, where new ideas are valued ahead of convention
- A fascinating job in the core of banking risk management challenges
- Integration of several areas of expertise
- Contacts with various internal and external stakeholders
- Exposure to senior leadership of ING