Head of ALM & Hedging

You will receive

  • A salary of €6.000 to € 9.000 depending on qualification
  • Intellectually challenging environment, with opportunities for personal development
  • Impactful work with high management attention
  • Attractive package of employee benefits

You will bring with you

  • Academic level of education, ideally a degree in a quantitative subject like math, actuarial science, finance or econometrics
  • Several years of experience in the financial industry with a focus on asset and liability management, capital management and hedging
  • In-depth knowledge of financial instruments, Solvency 2 regulation capital models and asset and liability management practices
  • Management experience as project-manager or a team-leader or in a similar function

 

Head of ALM & Hedging

 

Financial Risk Management (FRM) is a department in NN Group Risk at NN Group supporting the Chief Risk Officer (CRO).  FRM maintains NN’s internal model and acts as the second line of defense function of the NN Investment Office. The ALM & Hedging team is part of the FRM department alongside the Risk Models team and the Investment Risk team. The team consists of three risk analysts and has inter alia the following key responsibilities:

  • Maintain policies and standards related to ALM, interest rate risk and liquidity risk and the execution of SAA studies
  • Act as the centre of expertise for the risk management activities covered by these policies
  • Maintain the framework to optimize NN Group’s risk profile resulting from the mismatch between assets and liabilities
  • Support and review the execution of SAA studies at Business Units
  • Act as the secretariat of the NN Group ALCO
  • Monitor the exposure towards interest rate risk and liquidity risk at Group level and ensure that the exposure remains within limits and tolerances
  • Monitor the solvency ratio sensitivities and ensure that the solvency ratios sensitivities remain within tolerances
  • Support and challenge local risk management departments and NN Group’s investment office
  • Day to day support of NN Group’s senior management


Your added value as Head of ALM & Hedging at NN

The Head of ALM & Hedging is responsible for organizing the work of the team. You ensure that high quality deliverables are produced within deadline and budget. Through your strong analytical skills and expert knowledge you are able to advice your team members on how to improve their work. At the same time you create a challenging and motivating work environment and you contribute to the personal and professional development of your team members. You lead or support the dialogue with NN Group Investment Office and with risk management departments of the business units. You communicate with impact and clarity at various management levels, you are persistent and patient and able to defend and explain your point and view while listening to your discussion partners.

 

We care

As an experienced professional, you strive for continuous development. This is a role where you can make impact and you have close interaction with senior management. We offer extensive development opportunities and a pleasant working environment.

We offer you:

  • Tasks which offer a variety of intellectual and management challenges at a leading European insurer
  • On-the-job training and vocational training through mentoring and via our Learning & Development Centre.
  • A comprehensive network of national and international professionals.
  • Industry specific conferences (both in the Netherlands and across the border).

 

Our purpose

As an important function of Group Risk the ALM & Hedging team contributes to the financial stability of NN Group. We ensure that interest rate risk and liquidity risk remains within risk appetite and we contribute to the stability of our solvency ratio. Through our support of SAA and ALM studies we support the efficient use of our financial resources. The work of this team has a strong impact on NN’s risk profile and balance sheet and involves close interaction with management at various levels.

 

Clear conditions

At every stage of your career employment conditions play a significant role. Therefore, we offer comprehensive employee benefits: you will receive your holiday allowance and 13th month with your salary every month, without restriction and readily available to you. You will work from our office located in The Hague, which offers an easy connection via public transport and the A12.

 

Critical skills of the Head of ALM & Hedging

Our new Head of ALM & hedging brings several years of experience in the financial industry with a focus on asset and liability management, capital management and hedging. Next to your in-depth knowledge of financial instruments, Solvency 2 regulation capital models and asset and liability management practices, you ideally bring an academic master’s degree in math, actuarial science, finance, econometrics or another quantitative subject.

Since you work in an international environment your English is fluent and you have proven experience as project-manager or a team-leader in a similar position. In order to be successful in the team, you need to be an ambitious, energetic, pro-active an result driven team player while being able to work independently. You have strong analytical skills combined with common sense, and an ability to find creative and pragmatic solutions to complex problems.

Furthermore. We are looking for someone:

  • Acknowledged expert for topics related to ALM and SAA and capable to monitor relevant developments and regulations in his area of expertise;
  • Ability to lead and inspire a team of highly qualified and motivated experts;
  • Strong communication skills – being able to both communicate effectively to senior management and to build relationships and work with various stakeholders; Ability to explain complex technical topics to both experts and management;
  • Ability to explain and defend a point of view with persistence and patience to both experts and management while listening to your counterpart;
  • Ability to prepare well-structured and clear technical documents including summaries for management communication in flawless English;

 

Commit to NN

We truly value your knowledge and expertise. We believe you will bring our organisation to the next level. Therefore, we would like to meet you. Upload you resume via the apply button.

Do you have any questions about the job or the application process? Then please call Senior Recruiter, Ralph Roels via +31 (0)6 55348378.

Application procedure

Apply

If you are enthusiastic about the job we encourage you to apply online. We will then carefully look at your profile and let you know whether you’ll be invited to an interview within two weeks.

Interviews

We are curious who you are, what motivates you and what you are looking for. But it is just as important that you get to know NN better. We aim for a maximum of two interviews in which you will meet the manager of the department, a direct colleague and a recruiter from NN.

Online assessment

The assessment consists of a personality test, a driver test and an intelligence test. We believe your personal qualities are very important and use this assessment to test whether you meet the NN Mindset. This will be an online test and the results will be shown  immediately.

Offer

Are we both enthusiastic after the interviews and the online assessment? Then we will gladly make you an offer to join NN. Click here for more information about our employment benefits.

Welcome new colleague

Congratulations with your new job! We will now start our onboarding procedure to secure a smooth start at NN.

Feedback?

We realize that applying for a job is an important moment for you. What matters to you, matters to us. That is why, after the application procedure, we invite you via e-mail to let us know how you experienced applying at NN. Thanks to your feedback we can make improvements to the way we work.

Meet our people

Would you like to learn more about working at NN? Read the testimonials and find out!

You’re directly involved with the bank’s business model here.

Mark van der Zwaag

Market Risk Analyst

A company or an industry that has a transition ahead is where new ideas are valued. For me, that is a good place to be.

Praveen Sridharan

Global Risk Trainee

There is a growing focus on climate change across the globe. In the Non-life sector, we consider climate change to be an emerging risk.

Shalabh Mathur

Head of Financial Risk Department

Related jobs

NN Group Traineeship - Finance/Risk Track

  • NN Group
  • Finance, Risk
  • Starters
  • The Hague
  • JobID: 23647

Ben je klaar om jezelf voortdurend te ontwikkelen en uit te dagen? Dan is het Finance / Risk Traineeship bij NN Group de perfecte start van je carrière! NN Group wil als...

Read more

NN Group Traineeship - Finance/Risk Track

  • NN Group
  • Finance, Risk
  • Starters
  • The Hague
  • JobID: 23647

Are you ready to constantly develop and challenge yourself? Then the Finance/Risk Traineeship at NN Group is the perfect start of your career! NN Group, as an organisation...

Read more

Information Risk Manager

  • Nationale-Nederlanden, Nationale-Nederlanden Bank
  • Change & IT, Risk
  • Experienced
  • The Hague
  • JobID: 23471

Als pure pragmaticus weet je dat er altijd iets kan gebeuren in het dagelijks leven. Maar je bewaakt ons bedrijf voor de invloed van alle nieuwe bedreigingen die een risico...

Read more

Head of ALM & Hedging