Macro Trading Risk Specialist – ING Bank N.V

TRM CEM & Macro is a global department within ING’s CRO Financial Risk organisation. The team is part of the Trading Risk pillar, Market Risk Methodology and Reporting team and provides independent risk oversight for the Credit Exposure Management (CEM) desk of Financial Markets (FM). The team manages ING’s XVA (valuation adjustments) risks arising from global derivative activities as well as risks from Macro strategies executed by FM.

The team works closely together with other teams in the Financial Risk department that are owner of CVA capital and other XVA risk models and are pivotal in building compliant internal and regulatory models, supporting ECB on-site inspections, internal risk model reviews and delivering ongoing risk model enhancements. This role offers a unique opportunity to further strengthen XVA risk oversight at desk level, combining counter party credit risk and market risk perspectives across all derivative asset classes traded by FM.

Our team culture is informal, open, and results oriented.

As a Financial Risk Specialist, you will be part of the team consisting of 6 specialists monitoring and managing market risks related to XVA.

• In this senior specialist role, you will focus on proactive, forward-looking risk management and will engage daily with Front Office, Risk and Finance colleagues to discuss and challenge, where necessary, portfolio developments, XVA models, P&L and risk impacts, supporting informed decision-making.
• Support strengthening the XVA risk management framework by conducting internal reviews, constructively challenging Front Office and other stakeholders.
• Maintain ongoing dialogue with FM on positioning, market developments, and trading strategies.
• Perform portfolio reviews, ad-hoc scenario analysis and business-as-usual risk limit monitoring: risk sensitivities, Value-at-Risk (VaR), stress testing and limit updates.
• Provide independent challenge on complex transactions and new products, including supporting pre-trade assessments, limit recommendations, and timely escalation of material risks.
• Contribute to market risk modelling enhancements and stress testing developments.
• Ensure robust model risk governance for XVA models (documentation, monitoring, back-testing/benchmarking and audit readiness) and support responses to internal model reviews and supervisory requests.
• Drive change initiatives that strengthen the end-to-end XVA risk control environment (data quality, BAU process automation, tooling and MI), working closely with Front Office, Finance and IT.
• Maintain strong relationships with the XVA Product Control team and Counter party Credit risk teams on P&L/valuation and risk matters.
• Support regulatory initiatives such as the Fundamental Review of the Trading Book (FRTB), periodic EBA stress testing, participate in industry studies and consultations.

• We are looking for a professional with 5-8 years of experience in financial risk disciplines, who thrives in a dynamic and evolving environment.
• Master’s degree in Econometrics, Quantitative Finance, Mathematics, or another quantitative field.
• Proven knowledge of financial markets, valuation and market risk models.
• PD, LGD, exposure, collateral/CSA, netting, WWR) and market practices, ideally, supported by the 3+ years of experience in XVA risk, trading or model validation areas.
• Strong analytical and data-mining skills with attention to detail.
• Fluent in English.

• 25-28 vacation days depending on your contract~
• A mobility card: choose your mode of transport for commuting each day, with free public transport on weekends.~

Proficiency in Excel and solid Python skills;

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