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IBOR Transition Programme – Global Cost Controller & Finance Support in Amsterdam

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:

  • Supporting the central project team with setting up and updating the global program business case, budget and forecast for expenses necessary to deliver on IBOR transition
  • Making sure actual expenses are correctly visible in the relevant systems, maintained by local finance departments
  • Tracking and challenging of global actual expenses versus budget, providing early warning signals if necessary
  • Understanding the evolution of expenses and making analyses to give explanations and advice to management
  • Establishing a global network with stakeholders to understand cost drivers and communicate clear and effectively
  • Supporting the programme PMO (Project Management Office) with day-to-day finance / reporting activities

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.

  • 2-5 years proven knowledge and experience in the field of (cost) controlling
  • Knowledge of financial benchmarks is an additional asset
  • Experienced user of Excel
  • Communication is in English; therefore, your English language skills should be above average
  • Demonstrate the ability and willingness to adapt quickly in a dynamic and changing environment: the central program team is Agile
  • Independent and have a pro-active mentality and are analytical and structured
  • Clear communicator, at home operating in a global environment with a broad set of stakeholders and able to translate data into easily understandable information
  • Eye for detail without losing sight of the big picture
  • Self-confident and have a critical attitude to challenge the status quo
  • Communication is in English; therefore, your English language skills should be above average
  • Team player that believes in and incorporates ING’s into your daily work practices

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:

  • A salary tailored to your qualities and experience
  • Flexible working hours and the possibility to work at home
  • A reimbursement for travel expenses
  • 24 vacation days with a 36-hour working week. If you work 40 hours a week, you will receive 27 vacation days
  • Pension scheme
  • 13th month salary
  • Individual Savings Contribution (BIS), 3.5% of your gross annual salary
  • 8% Holiday payment
  • Personal growth and challenging work with endless possibilities to realize your ambitions
  • An informal working environment with innovative colleagues who strive for the very best
  • Progressive way of working according to the Agile method, so that new ideas come to life

Extra informatie

Fulltime (ervaren)

Amsterdam | Financieel / Accountancy | Fulltime (ervaren)

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