IBOR Transition Programme – Global Cost Controller & Finance... In the coming years, a variety of major interest rate benchmarks will undergo reforms or transition to new alternative benchmarks, known as risk-free rates. These...
IBOR Transition Programme – Global Cost Controller & Finance Support
In the coming years, a variety of major interest rate benchmarks will undergo reforms or transition to new alternative benchmarks, known as risk-free rates. These significant reforms are in the wake of LIBOR (and other) scandals and, whilst attracting significant attention from regulators, predominantly reflect industry-driven initiatives aimed at restoring trust in benchmark rates and the financial sector as a whole. Since use of the current interest rate benchmarks is embedded in the whole bank, a sound transition is crucial for both ING and its clients.
Your working environment
ING has initiated a global IBOR transition change program as of end-2018 that is sponsored by Group Treasury (‘GT’). The objective of the program is to ensure a seamless IBOR transition for ING, our clients, the market, as well as raising internal and external awareness concerning the impact and magnitude of the IBOR transition.
The transition impacts all business lines and locations within the group and involves a.o. client outreach and repapering of contracts, changes to products, systems and models, and impacts on control, reporting and disclosure.
The IBOR transition program is seeking a Global Cost Controller & Finance support for the IBOR transition office based in Amsterdam. Cost control & Finance Support is always an important theme but has become of even greater significance in today’s environment of large global change programs driven by external/ regulatory requirements. ING has to deliver on the IBOR transition, with the ambition to do so in a cost transparent and efficient way. You will support and challenge the program from a Finance perspective while cooperating with a broad set of stakeholders, i.e. the central program team, GT finance, GTO and finance functions across business lines and locations.
You will be responsible for:
How to succeed
We are seeking a motivated, self-starting and critical individual to further strengthen the IBOR transition office, which consists of internal and external colleagues.
What do we offer?
We offer you the opportunity to further develop your professional skills on the crossroads of Finance, Change and GT.
A job from 36 to 40 hours and a unique offer that fits in with the times of today. We take into account your home situation and your ambitions and help you to balance work and private life. Discover yourself our employment
To give you an idea, we will tell you about the benefits of working at ING:
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