GCR is looking for a Senior Financial Risk Officer for the Loss Given Default (LGD) data squad. The LGD data team is a new cross departmental squad with members of Global Credit Restructuring (GCR) and Wholesale Banking Capital & Liquidity Expertise Centre (WB CLEC). The squad will focus on ensuring complete and correct LGD related data for modelling purposes. The team is co-managed and resourced by GCR and WB CLEC.
WB CLEC is organised around five key themes: (i) Funding and Liquidity, (ii) Regulations, Supervision and Policies, (iii) Pricing, (iv) Reporting, Data and Analytics and (iv) WB Portfolio Tribe. The WB Portfolio Tribe focuses on ensuring that ING's regulatory corporate credit risk models within Wholesale Banking are fit for purpose, carry regulatory consent and support the Wholesale Banking decision making processes. The WB Portfolio Tribe has adopted the Agile way of Working with squad specialists from Model Development, Risk COO and Front Office departments working together.
What does the role entail?
You will be the senior in the team performing LGD data remediation activities for (mainly) the WB portfolio. As senior your are involved in planning and coaching activities for the team. The remediation role is twofold as it is focussed on historical data remediation for closed default cases and includes a control function for current default cases. The team is responsible for ensuring data completeness and correctness for all default cases, historical and current dragging default cases. Furthermore the team is responsible for supporting the GCR account management in registering all required Cost & Recovery (C&R) information and assist the local and regional Restructuring Units (RU) of ING and local FO offices to adhere to the C&R data requirement. You will be the expert in this area and are responsible to address identified issues (e.g. ECB, audit findings).
GCR takes responsibility for finding solutions for borrowers in difficulty, acting as the restructuring knowledge centre for ING Bank. Our objective is to preserve principal, maximise recovery and determine a strategy which best benefits ING Bank and its customers. GCR is also global lead for ING Bank's Loan Loss Provisioning process.
Your work environment
Salary & Benefits
The job is for 36 or 40 hours per week. The job is graded 12.