About this role
Job Description – Financial Risk Specialist (Risk Analytics & Insights)
About ING
ING is a global financial institution with a strong European base, offering banking services through a balanced mix of retail, wholesale, and digital channels. Sound management of financial risks is central to ING’s strategy, resilience, and long-term value creation.
About the role
As a Financial Risk Specialist – IRRBB Analytics & Insights , you will strengthen the second line analytics capability within the Banking Book Risk function.
You will focus on deep analytical assessment of IRRBB risk drivers across ING’s balance sheet , supporting risk oversight, challenging first line proposals, and enabling informed decision-making at senior management level.
The role combines quantitative analysis, Python tooling development, and risk insight generation , with exposure to ALCO and senior risk committee submissions .
Key responsibilities
IRRBB analytics and insights
- Perform in-depth analysis of ING’s IRRBB risk drivers (EVE, NII, behavioural models, hedging impacts)
- Assess and interpret movements in balance sheet risk profile across products and entities
- Generate actionable insights on IRRBB developments to support risk steering and decision-making
Tooling and data analytics
- Design and develop Python-based analytical tools for IRRBB monitoring, scenario analysis, and deep dives
- Improve and automate existing analysis workflows to enable faster and more robust insights
- Translate business and risk questions into scalable analytical solutions
Second line challenge
- Critically review and challenge first line proposals on: Model calibration (e.g. behavioural assumptions, replication portfolios)
- Hedging strategies and structural positioning
- Scenario design and stress testing approaches
- Provide independent quantitative assessment and recommendations
Balance sheet and hedging analysis
- Analyse the impact of hedging strategies on IRRBB metrics and risk profile
- Support evaluation of alternative strategies and calibration approaches
- Contribute to improving consistency between modelling, risk measurement, and business decisions
Reporting and senior management support
- Prepare high-quality analysis, materials, and narratives for: ALCO
- Risk committees
- Senior management discussions
- Translate complex analytics into clear, decision-relevant messages
Collaboration and stakeholder management
- Work closely with Group Treasury, Risk, Modelling, and local entities
- Act as a key analytics partner within the IRRBB function
- Contribute to strengthening data-driven decision making across teams
Your profile
- Master’s degree in finance, Econometrics, Mathematics, Engineering, or a related field
- ~2–5 years of relevant experience in IRRBB, ALM or Banking Book Risk
- Experience working with IRRBB models and analytics (e.g. EVE, NII, behavioural models)
- Strong Python programming skills , with ability to build analytical tools and handle large datasets
- Experience in balance sheet analysis is a plus
- Strong analytical mindset, with ability to connect numbers to business implications
- Experience preparing materials for senior stakeholders is a strong plus
- Comfortable working in an international environment with multiple stakeholders
What will help you succeed in this role
- Ability to go beyond calculations and explain the story behind the numbers
- Strong ownership mindset: from analysis → insight → challenge → recommendation
- Pragmatic approach: balancing analytical depth with business relevance
- Confidence to challenge stakeholders constructively and independently
- Ability to structure and communicate complex topics in a simple way
Why ING?
- A central role in shaping IRRBB insights and balance sheet steering
- High visibility with senior management and key risk committees
- Opportunity to combine analytics, modelling, and real business impact
- Work in a highly skilled, international risk environment
- Strong focus on growth in both technical and strategic capabilities