Director, Interest Rate Risk Management

ING•New York, NY

3d•$216,000 - $273,000•Hybrid

About The Position

The Director of Interest Rate Risk Management is the Group Treasury (GT)’s subject-matter-expert responsible for analyzing and monitoring the franchise’s Interest Rate Risk in the local balance sheet. This role is accountable for identifying, measuring, and managing interest rate risk exposures aligned with the franchise’s balance sheet objectives and risk appetite. The Director ensures high‑quality analytics, robust controls, and strong documentation to meet regulatory expectations, while collaborating with Second Line Risk, Finance, and Head Office.

Requirements

Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, or related field; advanced degree preferred.
10+ years of experience in Treasury, ALM, or Market Risk within a financial institution
Deep understanding of IRR measurement, modeling assumptions, and interest rate products.
Familiarity with regulatory expectations for IRR, market risk, and model governance.
Strong ability to translate analytics into strategic insights and actionable recommendations.
Excellent communication skills, including the ability to explain complex concepts to senior management and regulators.

Responsibilities

Risk Measurement & Analytics Review and analyze EVE, NPV, NII, sensitivity metrics, gap analyses, repricing profiles, and scenario results.
Maintain a deep understanding of interest rate drivers, product behaviors, and embedded optionality.
Conduct ad‑hoc analyses to support balance sheet positioning, hedging decisions, and business strategy.
Governance Prepare IRR analysis for ALCO, senior management, Head Office, and regulators.
Clearly articulate risk positions, trends, vulnerabilities, and recommended actions.
Track and monitor IRR limits, thresholds, and early warning indicators, and escalate breaches promptly.
Support GT responses during regulatory reviews.
Balance Sheet Strategy Develop and recommend risk mitigation strategies
Partner with the funding desk, liquidity management, and business units to understand upcoming activities that may affect the firm’s IRR position.
Provide forward‑looking insights based on rate environments and market dynamics
Stakeholder Engagement Collaborate closely with second line Market Risk for oversight, challenge, and limit governance.
Coordinate with Finance, ALM reporting teams, and Head Office