Risk 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.

Your main responsibilities

As a Risk Analyst, you are in charge of both monthly and quarterly production processes (market data pre- processing, replicating portfolio optimisation, economic capital numbers generation including market drivers precalculation, report production). You will participate in development projects (implementation of new risk models in collaboration with the Risk Analytics Modelling Team).

Your experiences and competencies

• Relevant Master degree, preferable in Econometrics, Actuarial Sciences of Mathematics

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

• Knowledge of MatLab and/or C++

• Knowledge of and experience with Algo and Second Floor is a plus

• Experience with risk-modeling and Solvency II

• Experience in a business partner role towards stakeholders

• 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-risk-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