Job Description, Responsibilities & Requirements
About the Position
ALM Risk Associate
We are seeking an ALM Risk Associate to provide proactive risk oversight and analysis for the WB UK banking books, partnering with Group Treasury and Finance.
Responsibilities
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Risk Monitoring & Analysis (Daily oversight and reporting)
- Monitor, analyse, and report market risk exposure for the Treasury Function
- Monitor key ALM/IRRBB and Funding & Liquidity risk indicators for relevant WB UK banking books, deliver concise commentary and escalate where risk appetite or control thresholds are approached/breached.
- Maintain a robust control environment for recurring reporting.
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Stakeholder Engagement (challenge and advisory)
- Partner with Treasury and Finance on balance-sheet developments, risk drivers, and forward-looking risk considerations.
- Provide independent challenge on risk positions, assumptions, and actions required to address thresholds/ limit pressures.
- Communicate clearly to senior stakeholders, including timely escalation of emerging risks.
- Coordinate responses to internal and regulatory information requests, ensuring consistency of messaging and supporting evidence.
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ALM Governance & Reviews
- Prepare and host the Monthly Desk Review (MDR) for GT UK: pack preparation, narrative, challenge items, minutes/actions, and follow-up to closure.
- Lead the annual GT UK Limit review process, ensuring stakeholder alignment.
- Support ongoing local ALM governance obligations.
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Regulatory Reporting & Data (SOT IRRBB)
- Produce quarterly Supervisory Outlier Test (SOT) submissions on IRRBB sensitivities for WB UK banking books.
- Proactively identify and flag data quality issues to Finance/data owners; track remediation and maintain an issues log.
- Support system migrations to enhance risk reporting.
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Process & Control Enhancement (Efficiency and robustness)
- Drive continuous improvement of BAU processes to strengthen controls, reduce operational risk, and improve timeliness/quality of outputs.
Requirements
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Qualification/Education
- Essential: A university degree (2:1 or higher) in a numerate field (a science, economics, maths, or engineering)
- Desirable: Further education in a numerate field, MSc/MS and/or professional qualification (e.g. CFA, FRM)
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Experience/Knowledge
- Essential:
- 3+ years of experience in the financial industry, with a strong focus on risk management.
- Good understanding of banking activities and risk management requirements including liquidity management, and a good understanding of a bank’s balance sheet.
- Solid understanding of IRRBB concepts and ability to interpret and explain drivers.
- Technical proficiency in Python for data analysis, automation, and process improvement.
- Essential:
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Personal Competencies
- Essential:
- Excellent analytical and problem-solving skills
- Good communicator with attention to detail, proactive, and autonomous
- Collaboration & teamwork (coordinate across functions, support team capacity)
- Flexible approach to role and responsibilities
- Capable of managing multiple tasks and deadlines effectively
- Essential:
We Offer
- Competitive salary
- Opportunity to work in a dynamic and inclusive environment
- Professional development opportunities
About the Company
ING is a global bank with a strong European base. More than 60,000 colleagues serve approximately 38 million customers and businesses in more than 40 countries. We are committed to diversity, inclusion, and belonging, ensuring a culture where everyone can thrive and make an impact.