ALM Risk Associate

About the Position

ALM Risk Associate

Join ING Bank as an ALM Risk Associate in London, UK, focusing on proactive risk oversight and governance.

Responsibilities

• 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.

• 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.

• 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.

• 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.

• 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

• 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)

• 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.

• 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

We Offer

• Competitive salary
• Opportunity to work in a dynamic and innovative environment
• Professional development opportunities

About the Company

ING is a global bank with a strong European base. More than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. ING’s vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society.

To achieve this vision, our policies support diversity, equity, and inclusion. As an equal opportunity employer, we do not tolerate discrimination of any kind with regard to age, gender, gender identity, cultural background, experience, religion, race, ethnicity, disability, family responsibilities, sexual orientation, social origin, or any other status protected by applicable law.