Pricing Consultant - Private Banking

Would you like to make an impact on the growth strategy of private banking? Do you have strong analytical and communication skills? Do you get energized from complexity? Then we are looking for you! To facilitate our Private Banking growth ambition, we also want to grow our current pricing team.

The team & culture

This challenging and varied position is a great opportunity to discover the dynamic world of Private Banking. You will quickly build a large network, as you will work with many different colleagues and stakeholders within the domain. You will be part of a professional team consisting of around 10 colleagues. The department enables the strategic direction and drives execution of segment strategies within Private Banking & Wealth Management, with a strong focus on digital innovation, risk, data-driven decision-making and pricing & proposition excellence. Together you are responsible for the Private Banking domain to reach its commercial results. This will allow you to learn from other colleagues and teams within the department and better understand the business of Private Banking.  

We are always learning and improving. This is an integral part of our culture. That also means we expect the same from you. If you are open and honest towards yourself and your colleagues, we believe that this will significantly help you in your own development. Together with your Lead you can setup a personal development plan for which a budget is available.

Next to our work we also organize social events, such as regular drinks and team events.

The role

The role of a pricing consultant is twofold: on the one hand, you are running the business and executing the pricing strategy, and on the other hand, you are working on strategic pricing projects to transform the business. As a Pricing Consultant, you are a driving force in furthering the pricing strategy together with your pricing colleagues. You play a leading role in the pricing strategy and tactics, establish clear pricing frameworks, steer the balance sheet of private banking and projects.

To illustrate, a pricing consultant is responsible for the list price of the Private Banking product portfolio in The Netherlands based on market trends, cost price and risks developments and/or the pricing strategy of competitors. As a pricing consultant, you are E2E responsible for the pricing strategy, which means you prepare a pricing proposal, involve all relevant stakeholders, present the pricing proposal in the pricing committee, and are involved in external communication and implementation into the relevant operational systems.

Examples of projects: optimizing the price model, price elasticity project, pricing for our new securities-based lending product, pricing for new payments propositions like FX spot and the savings strategy under several interest rate scenarios.

Daily you work together with two other pricing colleagues, a data analyst and several teams in BD&CX. Besides, you collaborate closely with (senior) stakeholders from Sales, Private Banking Digital Sales, Delivery Tribes (e.g. Daily Banking, Customer Data, Payments, Business Lending), Finance, Legal, Compliance, Credit and Market Risk Management. Moreover, you will become part of the Pricing Community DBNL to share best practices and align on pricing topics across products within ING DBNL.

Who are you

• You have experience with Market Risk Management and Replicated Portfolios (is a must)
• You are strategically and analytically strong and easily form a vision. You substantiate your vision with facts and express it clearly
• You possess adequate communication and organizational skills. You dare to do things differently in a decisive and result-orientated way and have experience in stakeholder management
• You voice your opinions clearly and aren’t afraid to give and receive feedback
• You want to make an impact. You are actively looking for improvements in product and price propositions to optimize value creation for ING
• You have completed a university education, preferably in Business Economics, Business Administration, Econometrics or a related field
• Affinity with products, market activity and customers in the private banking domain is a plus
• Experience with different pricing models such as risk or value-based pricing, behavioral pricing and cost price plus pricing is a plus
• Fluent in Dutch and English is preferred
• Experience in Finance, Sales, Business Lending, Market and / or Credit Risk is a plus

Research shows that while male candidates feel confident enough to apply when they meet about 60% of the requirements, female candidates only apply when they tick every box. So, if this role has your name on it, but you’re not sure about the criteria, we still want to hear from you!

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions here.

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience

• A 36-40hour working week, location Amsterdam but also working from home

• 24-28 vacation days depending on contract

• Pension scheme

• 13th month salary

• Individual Savings Contribution (BIS), 3.5% of your gross annual salary

• 8% Holiday payment

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.

Do you think there is a match? Let’s get in touch! Please click apply and send us your CV & cover letter. If you prefer to get some more information, feel free to contact Robert ter Stege (robert.ter.stege@ing.com)