Head of Market Risk

Job Title: Head of Market Risk Management

Reports to:

• Hierarchically: Chief Risk Officer, ING Italy
• Functionally: Head of Banking Risk (global level)

Job Description

Financial Risk management activities relate to banking risk, including Retail and Wholesale Banking activities.

The risk categories include interest rate risk, funding and liquidity risk, treasury risk, and customer behavior (modeling) risk.

ING Italy's Head of Market Risk Management is part of the risk domain led by the ING Italy CRO. The role involves being a member of the local Risk Management team with a functional reporting line at the global level to the Head of Banking Risk (Financial Risk department).

Key Results Areas and Responsibilities

1. Ownership of local asset and liability models
2. Ownership of local IRRBB models
3. Monitoring all allocated limits, including Treasury, IRRBB, and liquidity limits
4. Liquidity risk reporting and analysis, including Liquidity Crisis Management in conjunction with HO and Liquidity stress testing
5. Risk management of Securitization
6. Local activities related to Market Risk Capital
7. Identification and assessment of ALM risk
8. Advising the Exco on new or revised products as part of the PARP process
9. Participation in ALCO, including preparing and supporting ALCO meetings
10. Membership in the pricing committee and the Cpac committee
11. Monthly risk transfer of open positions to Bank Treasury
12. Managing a team of high-value specialists, with a focus on both management skills and technical risk knowledge

Education

Academic or PhD level degree in Economics, Statistics, or other quantitative field.

Work Experience & Skills Required

1. At least 10 years of experience in the Financial Risk domain; managerial experience is a plus
2. Strong background in banking sector with deep understanding and analytical capabilities in financial risk management
3. Proficiency in English; proficiency in Italian is an advantage

Behavioral Competencies

Business

• Problem Solving: Identifies solutions based on available information
• Quality Focus: Strives for high-quality work

Interpersonal

• Influencing Others: Persuades and motivates
• Relationship Building: Develops collaborative relationships

Intrapersonal

• Driving for Results: Achieves goals and completes tasks
• Positive Attitude: Maintains a positive outlook

Leadership

• Driving Change: Champions new methods and improvements
• Decision Making: Uses sound judgment
• Inspiring Others: Motivates team members

Location

Milan, Italy, with potential for partial remote work under the Super Flexible Smart Working approach.

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