ALM Risk Specialist (Banking)

TL;DR

ALM Risk Specialist (Banking): Managing balance sheet risks, specifically interest rate and liquidity risks, using the QRM tool with an accent on IRRBB process management and data quality. Focus on implementing model changes, ensuring regulatory compliance (BCBS239), and coordinating across Risk, Finance, and IT teams.

Location: Onsite in Brussels, Belgium (Avenue Marnix)

Company

Global financial services provider and banking group focusing on robust risk management and balance sheet steering.

What you will do

• Manage the monthly IRRBB process in QRM, ensuring timely delivery and performing variance analysis.
• Implement and test changes to models, parameters, and scenarios impacting liquidity and interest rate risk.
• Monitor data flows into QRM and implement BCBS239 regulation for data lineage and controls.
• Maintain comprehensive documentation of processes, controls, and assumptions.
• Coordinate with Risk, Finance, and IT teams to investigate and fix data or processing issues.
• Support internal audits, model reviews, and regulatory requests with detailed analysis.

Requirements

• Master's degree in Finance, Economics, Engineering, or another quantitative field.
• Professional experience in financial risk, balance sheet risk, ALM, or risk reporting within banking.
• Solid understanding of interest rate risk, liquidity risk, and behavioral modelling.
• Proficiency in Excel and SQL.
• Strong analytical mindset and ability to challenge model outputs.

Nice to have

• Hands-on experience with the QRM ALM tool.
• Coding skills for data analysis.

Culture & Benefits

• High-impact role with direct exposure to topics critical for management and regulators.
• Extensive opportunities for learning and professional growth in a complex banking environment.
• Collaborative cross-functional environment working with Risk, Finance, and IT specialists.
• Opportunity to shape future-ready risk capabilities.