IT Business Analyst | Pricing Tribe | IPA Data Product @ING Hubs Romania

Discover ING Hubs Romania

ING Hubs Romania offers 130 services in software development, data management, non-financial risk & compliance, audit, and retail operations to 24 ING units worldwide, with the help of over 2000 high-performing engineers, risk, and operations professionals.

We started out in 2015 as ING’s software development hub, then steadily expanded our range to include more services and competencies. Now we provide borderless services with bank-wide capabilities and operate from our office in Bucharest.

Our tech capabilities remain the core of our business, with more than 1800 colleagues active in Data Management, Touchpoint Channels & Integration, Core Banking, and Global Products. We enjoy a flexible way of working and a highly collaborative environment, where fair and constructive feedback is encouraged.

For us, impact isn't a perk. It's the driver of our work. We are guided and rewarded by a shared desire to make the world a better place, one innovative solution at a time. Our colleagues make it their job to do impactful things and they love doing it in good company. Do you?

The Mission

Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player in our market leader and challenger markets, with an additional presence in all the major international markets and specialist expertise in selected emerging markets and products.

Within FM, in Competitive Pricing area, we have ING Pricing Architecture (IPA) asset, which consists of multiple components that enable real-time and batch calculations of financial risk metrics and simulations (e.g. XVA, PFE, Value at Risk, Expected Shortfall, Bilateral Margining, pre-deal derivatives Pricing) which are driven by new banking regulations as well as advanced Risk analysis on the derivative product portfolio of Financial Markets (interest rates, credits, foreign exchange). This asset is in the heart of the IT landscape for our global dealing rooms and risk managers in Asia, Europe and Americas, with aprox. 30 scrum teams spread across 4 locations (Amsterdam, Brussels, Bucharest and Singapore), cooperating to evolve it towards target ING Financial Markets IT vision.

IPA (Integrated Pricing Architecture) is ING's strategic in-house pricing platform, comprising multiple interconnected components that support pricing, risk management, and reporting activities across Financial Markets. In this role, the primary focus will be on two key components within the platform: SDM (Static Data Manager), responsible for the management and distribution of static data, and TradeStore, the centralized trade repository responsible for the ingestion, consolidation, and distribution of trade data. Together, these components provide critical data services that enable downstream pricing, risk, and analytics processes across the IPA ecosystem.

IPA SDM is one of the core IPA components responsible with the ingestion, transformation and distribution of static data (counterparties, bond statics, collateral agreements, credit support annexes, calendars, countries, mappings, etc.) to a series of other IPA components or pricing and risk engines, in order to be used together with the trade data and market data for pricing and risk calculations.

IPA TradeStore is one of the core IPA components responsible for the ingestion, consolidation, enrichment and distribution of trade data originating from a variety of Deal Capture systems used by the FO/Trading and FO/Sales divisions. The centralized trade repository serves as the golden source of trade information within FM Competitive Pricing, providing trade data to pricing and risk engines, as well as risk, analytics and reporting platforms, where it is combined with market and static data to support pricing, risk calculations and business intelligence processes.

As IT Business Analyst, you will work closely with business users and your squad, providing analysis and support for different technical and functional deliveries. Our team is driven by a customer perspective and fosters a diverse and contemporary workplace.

Your day to day

Even if you’ll start your day from the comfort of your home or drink your morning coffee in our office’s garden, your day will be quite similar when comes to tasks. The following will be the main responsibilities of the role:

• You are the linking pin between the SDM’s Business or IT stakeholders and the development team.

• You identify, analyze and specify business/ IT requirements and translate them into to-the-point user stories or functional specifications/design. You do this based upon requirements from Business, IT or Customer Journey experts

• Clearly formulate and write product requirements, data requirements and user stories, including explicit acceptance criteria for engineers to meet (test & validate)

• Enable the Product Owner to manage the work stream, its deliverables and the timelines and status updates.

• Define data quality rules and define ways to measures this with the team to proactively identify potential impact on our stakeholders

• Test whether developed software meets the requirements and help improving the automated (regression) test frameworks

• Support users with investigations on business flows and defects that they encounter during testing

• Present delivered stories to stakeholders during sprint reviews

• Facilitate knowledge sharing between squad members

• Continuously improve the delivery process by identifying inefficiencies and taking initiative to drive proposals for remediation

• Maintain functional and technical documentation up to date and easily available within the area

What you’ll bring to the team

• Experience:

  • 3+ years as Business Analyst in Financial Markets and/or Treasury

• Skills / knowledge:

  • Mandatory:
    • Experience with static data management and financial markets products
    • In-depth experience with data query languages (SQL)
    • Experience with data analysis tooling such Python/Pandas, Excel
    • Experienced in Agile/Scrum way of working
    • In-depth experience in refinement and translation of user requirements
    • Is innovative to be able to convert market developments and customer feedback in his/her field of expertise into vision and strategy for WB Tech & ING
    • Strong "business sense" combined with the ability to research new topics to develop insights and drive actionable results.
    • Strong analytical and literacy skills with attention to details
    • You are communicative, accurate and able to work with challenging deadlines
    • You are proactive and able to work in cross-border international teams
    • Affinity with IT and technology
  • Nice to have:
    • Experience in risk management
    • Experience with financial markets regulations
    • Familiarity with BABOK Guide (Business Analysis Body of Knowledge)
    • CBAP certification (Certified Business Analysis Professional)
    • Experience with tooling for creating diagrams (MS Visio, Draw.io)

• Foreign languages: English (excellent level)

• Education: Completed education at Bachelor/Master level in Economics, Finance or Computer Science

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