Head of Integrated Risk

Head of Integrated Risk Americas | Managing Director | New York

About ING: 

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

ING New York is looking to hire a Financial Risk Manager, acting as Head of Integrated Risk of ING in the US that will be responsible for i) establishing a de novo Integrated Risk team within ING Americas responsible for overarching topics such as, among others, risk assessments, stress testing and Recovery & Resolution Planning; ii) install and lead a team of integrated/enterprise risk specialists; iii) managing and reporting financial and non-financial Risk topics to the local Risk Committee as second line of defense; and iii) contribution to global ICAAP / capital management and reporting group results to local regulators. The Head of Integrated Risk should exhibit deep and specialized knowledge of enterprise risk including ESG as well as Recovery and Resolution Planning.  The Head of Integrated Risk will report hierarchically into the Chief Risk Officer Americas and functionally into the Global Head of Financial Risk.

About the department:

Integrated Risk Americas will be based in New York City and will have central ownership on bank-wide risk topics that are not exclusively related to one risk type.  The department will be responsible for promoting enterprise risk management through governance and policy structures that fully support ING’s financial, non-financial, and strategic risk activities.  Integrated Risk Americas will also be responsible for the independent assessment of enterprise risks for the Americas, Recovery & Resolution Planning, reporting and analytics for the Risk Appetite Framework, and supporting global ICAAP Stress Testing.

Roles and responsibilities

• Set-up and lead the Integrated Risk team of ING in the US. This includes on-boarding of various Integrated Risk topics and ensuring functional alignment with the global Integrated Risk teams;
• Ensure cross-functional alignment across the local risk domains and the matrix organisation (i.e. local to global connection), with a view to strengthen the overall governance (steering and controlling capabilities) in line with ING Group Enterprise Risk Management Framework.
• Create local oversight of financial and non-financial risks within ING Americas and present findings to the US Risk Committee.  Contribute to local and global reporting towards senior management and external stakeholders.
• Execute the local risk identification & risk assessment process that acts a.o. as starting point for the review of the local Risk Appetite Framework. As part of this, the Head of Integrated Risk also coordinates ad-hoc risk assessments, performs local geopolitical risk assessments and provide input to group-wide geopolitical risk assessments.
• Determine the solvency risk appetite and further embed stress testing and Economic Capital into the capital planning and capital management of ING in the US. This includes frequently assessing the impact of ICAAP Stress Test and contributing to ad-hoc sensitivity and stress test analyses, as well as the potential impact of new regulations. 
• Responsible for local Recovery & Resolution Planning in alignment with both local and global regulations and approach. This includes the local contribution to ING’s Recovery Plan, including monitoring and potential activation of local crisis management plans, and supporting local resolution planning activities, including implementing resolution requirements locally and supporting resolvability data requests. 
• Design and maintain the overarching local Risk governance structure and provide advice to local and global approval bodies for approval of local policies and/or waivers for US requirements. Follow, interpret, and execute developments/requirements by US and EU regulators and promotes and/or implement changes to global or local Branch governance.
• Follow, interpret and execute developments/ requirements by regulators in the area of ICAAP, including Stress Testing and Economic Capital, and Recovery & Resolution Planning.
• Leads ad-hoc projected for Integrated Risk and represents Integrated Risk in intra-departmental projects

Qualifications and Competencies

Requirements

• Proven leadership skills or a clear ambition to lead a team of subject-matter experts
• >10 years knowledge of risk management and financial products specifically in Credit Risk and Market Risk
• Deep expertise and specialized knowledge of EU and preferably US regulations impacting financial and non-financial risk related matters
• Bachelor’s degree or equivalent preferably in Economics, Econometrics, Quantitative Finance
• Strong (data) analytical and quantitative skills (the breakdown of complex issues in manageable pieces)
• Result-driven and able to push things forward in a persistent and constructive manner
• Able to manage different stakeholders and navigate different cultural environments
• Working with presentations, the ability to present complex content in an easy and transparent way

Competencies

• Strong (data) analytical and quantitative skills (the breakdown of complex issues in manageable pieces)
• Logical and well-reasoned level of thinking
• Ability to synthesize information with a strategic view to assess risks and develop recommendation
• Changeable and flexible, able to act swiftly in changing situations
• Well structured, autonomous, highly adaptive, flexible team player
• Thrive while working in a fast-paced, dynamic environment
• Excellent communication skills and fluent in English (both verbal and in writing)
• Maintain strong relationships with internal stakeholders
• Propagates ING views and opinions on issues relevant to field of expertise, also outside the ING organization

Salary Range $280,000-$360,000

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.