Head of Market Risk

Job Description

At ING Australia, you will have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. And we are counting on your unique voice and perspective to help ING Australia become even better. The Head of Market Risk is a key Line 2 role within our wider risk management domain where you will be responsible for the effective identification, measurement and monitoring of Market Risk for the Bank including interest rate risk, funding and liquidity risk. You will utilise your specialist knowledge and quantitative skills in the development and refinement of Market Risk policies and analytics, with the aim of defining and maintaining a superior Market Risk Management framework (including risk appetite) that meets the requirements of APRA and, where relevant, the ECB. This niche role offers a market risk subject matter expert a career development opportunity during an exciting time of growth. Success in the role will include leveraging a combination of technical skills, knowledge and experience with the ability to influence and challenge at a senior level. Ready to make an impact? What you’ll do Develop and maintain the interest rate and liquidity and funding risk framework, covering overall approach, product approval SME support, risk identification in line with IBALs risk appetite statement. Maintain all related Market Risk policies, procedures and standards. Propose, monitor and maintain models and processes for measuring non-traded interest rate and liquidity (experience with product portfolios replication/FTP transfer). Stress testing design, plan, execution, analysis and reporting. Measure the vulnerability to loss under stressful market conditions, including breakdown of key assumptions. Provide timely and accurate reporting and information to the Board and various stakeholder groups to a Senior level. Independently review, challenge but also support the first line with the measurement, monitoring, reporting and management of interest rate, liquidity and funding risk as well as provide independent analysis. Build and lead a high performing team. What we’re looking for Minimum of 7-10+ years relevant market risk experience within Banking and Financial services. Tertiary qualification in Finance/ Mathematics/ Statistics/ Actuarial Sciences/ Other degree with strong mathematical component. Solid understanding of financial markets and instruments with hands-on knowledge of market risk management techniques and processes. Specific knowledge and experience of interest rate risk, funding and liquidity risk. Modelling of replicating portfolios, transfer pricing and stress testing methodologies. A working knowledge of APRA prudential standards relevant to market risk. Proven ability to engage and motivate individuals and team in a challenging, complex and dynamic environment. Skill in conceptualising and developing innovative solutions to business challenges, improving processes/systems. What’s in it for you? Drop everything and learn with over 16,000 professional and personal development courses to choose from. Discounted ING Health Insurance. An additional Rest Day to support your wellbeing. About Us At ING, we want to make life simpler and more worthwhile – for everyone who banks with us, for the people who work with us, and the community at large, too.When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.We give people the freedom to think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered.We are all about celebrating success and as a result we are proud to be a WGEA Employer of Choice for Gender Equality and a certified Family Inclusive workplace.Sound like the kind of place you’d feel at home? We’d love to hear from you.(One last thing, ING operates a direct talent sourcing model. So no agency introductions, please.) Need more? Contact Mark Montgomery on Applications close Thursday 30th January 2025 Before you apply Here at ING we consider employee development to be important and encourage existing employees to apply for suitable internal positions. It is expected that any employee applying for a vacant position would have been in their current role for a minimum of twelve (12) months before applying. This may be waived in special circumstances and after consultation with your manager. #J-18808-Ljbffr