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As a first-line Financial Risk Manager, you will play a pivotal role in managing the financial risks of the Financial Markets & Treasury department. Your primary responsibility will be to monitor and manage Market Risk, specifically Interest and Currency Risk, as well as Credit Risk, ensuring that risk exposures remain in line with De Volksbank’s risk appetite. You will serve as a strategic partner within the department, providing expert insights and guidance on Financial Risk Management.
The first-line Financial Risk Manager is part of the Markets Infra team that falls under the Financial Markets & Treasury department (FM&T). The highly skilled multidisciplinary team is responsible for risk management, valuation and reporting, including valuation controls, curve construction, ratings, market data, benchmarks and risk policy implementation.
As a Market Risk specialist your initial focus will be on reporting on Market Risk, and FRTB. From a quantitative perspective you will work with data and models. Reporting on Market Risk Indicators, testing model performance and updating the model report. Additionally you will assist with Credit Risk assessments and limit monitoring.
FM&T ensures the optimal implementation of de Volksbank's treasury, funding, capitalisation and investment policy, as well as the execution of the hedges for the banking book. FM&T actively manages the bank's financial risks, as such guaranteeing the continuity of the bank as a whole.
In this role you work closely with FM&T colleagues from the Front office, Back office and Control.
Your job responsibilities at a glance:
Monitoring and assessing the (market) risk profile of FM&T
Acting as a point of contact for traders, assessing and advising on limit proposals and investment strategies.
Analysing and reporting on Value-At-Risk (VaR), Expected Shortfall (ES), and stress testing results, ensuring accurate risk measurement and reporting.
Risk monitoring of daily risk transfers between the banking and trading books;
Assist with counterparty credit risk assessments;
Developing and presenting risk reports to senior management and supervisory authorities;
Coordination with second-line Risk on laws and regulations and policies;
Periodical testing and validation of the Value-at-Risk model;
Participation in projects that require risk-related input, such Fundamental Review of the Trading Book or a Quantum Treasury System upgrade;
Acting as a point of contact for other risk-related topics.
The Financial Risk Manager acts as a proactive sparring partner, by identifying, advising and monitoring market and credit risks on the basis of his/her expertise.
In addition, climate risk is playing an increasingly important role in assessing all the risks of an organisation. The addition of climate risk to the risk management strategy has led to a greater need to identify, analyse and model climate risks. It is the first-line Risk Manager’s role to analyse these risks within FM&T and advise senior management.
Your qualities:
A university degree in a quantitative field such as Finance, Economics, Mathematics, or a related field;
Completed additional professional qualifications in the financial risk field such as CFA, FRM, or the willingness to do so;
At least 3 years of relevant work experience in financial risk management within the banking sector;
Excellent analytical skills with a strong attention to detail;
In-depth knowledge of credit and market risk management practices;
Experience in modelling in Python or SQL as well as experience with specific Treasury Solutions such as Quantum and Adaptiv is a plus;
Excellent communication and advisory skills, with the ability to influence and advise senior stakeholders.
What We Offer
The monthly gross salary for this position ranges between € 4.107,- and € 6.318,- on the basis of a 36-hour work week. In addition, de Volksbank offers the following interesting and flexible fringe benefits:
36-hour work week, for example 4x9.
An individual choice budget (IKB), you can choose when you receive your vacation allowance and thirteenth month.
208,8 holiday hours on full-time employment.
Good collective pension plan.
Good work-life balance and we are flexible in working from home.
Personal training budget of 750 euros per year. You can save this amount up to 2250 euros.
Every 5 years a budget of 900 euros to furnish your home office.
NS Business Card and a compensation per km if you cycle to work.
Bicycle plan to purchase a bicycle at a low cost.
Partially paid voluntary work.
Vitality program with workshops and coaching for your mental and physical health.
Laptop and phone.
