Business Analyst recruitment

Working at ING Insurance / Investment Management (IM)

ING’s Insurance and Investment Management (IM) is part of ING Group, a global financial institution of Dutch origin, offering banking, investments, life non-life insurance and retirement services to meet the needs of a broad customer base.

The Insurance/IM business includes a variety of life, non-life insurance, pension and asset management activities. These activities are divided into different business lines: Insurance Benelux, Insurance Central and Rest of Europe, Insurance US, Insurance Asia/Pacific and ING Investment Management. The business currently employs over 26,000 employees and operates in around 25 countries.

Since November 2010, ING has been preparing its Insurance and Investment Management businesses for eventual divestment.

ING is preparing for a standalone future for the European Insurance/IM businesses, including the possibility of an IPO. For the US Insurance/IM businesses, preparations for the base case will continue. For the Asian Insurance/IM businesses, ING is exploring other options.

During restructuring, ING Insurance/IM will keep customer’s interest a priority in everything we do in order to successfully meet their expectations.

Your department and challenge

ECAPS is a cutting-edge market risk management system used by Corporate Risk Management and the insurance business units of ING Insurance worldwide. ECAPS was awarded the prestigious Banking Finance ICT Innovation Award in 2007. ECAPS uses replicating portfolios to value the insurance liabilities and calculate the AFR and Economic Capital.

The ECAPS team consists of highly qualified Risk Analysts, Business Analysts, System Engineers and Project Managers.

The Business Analysts and Project Managers are the “business partners” representing ECAPS towards Business units, Regional offices, Regulators etc. In conversation with all stakeholders, requirements will be defined and translated into project deliverable documents or change requests.

Your main responsibilities

As a Business Analyst, your key responsibilities will be to build strong relationships with ECAPS’s stakeholders; you will be in charge of analyzing and translating (complex) business requirements and user wishes into functional design documents. As the business partner of the stakeholders, you are “the bridge” to the ECAPS Team. You understand the drivers of our stakeholders, and are able to challenge them on the necessity, desirability and priority. As a Business Analyst, you work closely with the Project Managers and project team members during the full project life cycle, including development and test activities. Effective communication between all involved and relevant parties is crucial.

Your experiences and competencies

• Relevant Master degree, preferable in Econometrics, Mathematics or Business Administration

• A minimum of 3 years relevant experience as a Business Analyst, preferably in a consulting role in an international insurance environment

• Project experience with developing, designing and delivering of (financial) applications

• Working knowledge of Solvency II and/or risk-modeling • Knowledge of and experience with Algo and Second Floor is a plus

• Experience in a business partner role towards stakeholders

• Experience supporting application development and writing functional designs

• Ability to understand and translate business requirements into project proposals

• Good understanding of the Insurance industry; experience in Risk or investment management is a plus

• General knowledge of financial instruments/ products and (Insurance) Risk Management

• Excellent skills in MS Word, Excel and PowerPoint

• Fluent in English

• Highly analytical, able to quickly grasp complex problems
Mentality to get things done
Flexible, capable of working under pressure in a changing environment
Communicative, capable of digesting/transferring information from/to different levels of professionals and business disciplines

• Can create a team spirit, but also able to work autonomously

• Ability to work in cross functional teams in an international environment
Strong in building long-term relationships with business

• Dynamic, open minded, energetic and resilient

What we have to offer you

• A challenging and interesting position in an international Insurance/IM company

• A full time position

• Salary and job grade is 11 – 12 (depending on experience and future responsibilities)

• Work location is Amsterdam

Application contact

Please apply online by using the following link:

http://www.insurance-vacancies.com/job/ecaps-business-analyst/

 

If you have any question about the application procedure, please contact René Schripsema, Senior Recruiter, telephone number +31 6 46260716, email: rene.schripsema@mail.ing.nl