We are looking for a Financial Risk Specialist, to strengthen the Securitization Oversight team within Integrated Risk/MCO department.
The team
The Model Risk Oversight (MCO) team is responsible for credit risk control activities related to model change risk management and in this capacity, supports the Head of Integrated Risk in their role as single end-to-end accountable Model Owner for model quality assurance and control. In addition, the team maintains INGs IRB model landscape policy, serves as a center of expertise for model regulations and single point of contact to the ECB for model change related topics.
Recently the mandate of the team has been extended with the creation of the new role to include advising and controlling role in the securitization process. This new Regulatory Engagement and Oversight Specialist for Significant Risk Transfer (SRT) Deals is responsible for managing the regulatory engagement, oversight, and control framework related to significant risk transfer transactions under supervision of the head of MCO department. This role requires a deep understanding of risk management, regulatory compliance, and financial structuring to ensure that all SRT deals are aligned with regulatory expectations and internal governance standards. The position will collaborate with various stakeholders, including MBB-2/-1, regulatory authorities, internal risk, legal, compliance, and financial teams, to ensure comprehensive oversight of SRT deals and effective communication with regulators.
MCO department is an international team of highly qualified professionals with an open and informal atmosphere, located in Amsterdam, consisting of 13 persons.
Roles and responsibilities
Regulatory Engagement and Compliance:
Lead communication and engagement with relevant regulatory bodies (e.g., PRA, ECB, Federal Reserve, etc.) regarding significant risk transfer transactions.
Ensure that SRT deals meet all applicable regulatory requirements, including capital adequacy, risk transfer, and disclosure obligations.
Serve as the key point of contact for regulators, ensuring timely submission of documentation, reporting, and responses to queries regarding SRT deals.
Monitor evolving regulatory landscapes and proactively assess the impact of regulatory changes on SRT transactions.
Risk Management and Internal Control:
Implement and oversee control frameworks to manage and mitigate risks associated with SRT deals, ensuring robust risk governance.
Conduct periodic risk reviews and stress testing for SRT transactions to assess their performance under different market conditions.
Ensure effective governance and internal controls are established and maintained throughout the lifecycle of SRT deals.
Reporting and Documentation:
Ensure all relevant documentation related to SRT deals, including risk assessments, deal structures, regulatory filings, and internal approvals, are maintained and updated.
Lead preparation for regulatory examinations and audits related to SRT transactions.
Stakeholder Management and Collaboration:
Act as a liaison between internal stakeholders and external regulatory bodies, ensuring a clear line of communication regarding SRT deal oversight.
Collaborate with senior leadership on strategic decisions related to risk transfer and regulatory implications.
How to succeed
We hire smart people like you for your potential. Our biggest expectation is that youll stay curious. Keep learning. Take on responsibility. In return, well back you to develop into an even more awesome version of yourself.
University degree, preferably in Economics/Econometrics/Finance
Minimum of 5-10 years of experience in regulatory engagement, risk management, compliance, or control functions within financial services, particularly in areas related to significant risk transfer or securitization.
Proven track record in managing regulatory relationships and navigating complex regulatory environments.
Experience in structuring or overseeing complex financial transactions, particularly SRT deals or securitization.
Strong understanding of regulatory frameworks (e.g., Basel III, CRD IV, Solvency II) and their application to risk transfer transactions.
Excellent communication skills with the ability to engage with regulators, senior management, and internal teams.
Strong analytical and problem-solving skills, with the ability to assess risks and provide strategic solutions.
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