ING is a family friendly organisation which adopts a hybrid working pattern. The Trading Market Risk team are required to be office based twice per week as a minimum.
Department Overview:
This is a role in the Trading Risk Management (TRM) department. The TRM department is a team of approximately 70 people supporting a wide area of businesses within Financial Markets, Group Treasury and Lending Services. The team is responsible for the market risk and product control function. The department's core activities are measuring and analysing market risk and trading performance across a variety of financial products. The role of the department is as a second line of defence being business partner to the Front Office, to question and support.
This role is in the Equity Derivatives team of Trading Risk.
Main Duties and Responsibilities of Role:
1. Monitoring, analysing and reporting the organisation's market risk exposure on a day-to-day and long-term basis for the Equity Derivatives desk.
2. Closely follow market developments and analyse both the realised and potential impact on the trading portfolio.
3. Continuously engaging with Front Office to keep up to date with their trading strategy and pricing.
4. Monitoring trading limits and reviewing transactions over the established limits.
5. Production and in-depth analysis of daily and longer-term profit and loss (P&L).
6. Understanding and explaining the content of the reporting to Front Office and senior management.
7. Improvement of the desk processes, looking for opportunities to increase efficiency and enhance the control framework.
8. Involvement in local and global projects to implement changes in systems and regulations.
Candidate Profile
Qualification/Education:
University Degree (2:1 or above) in a quantitative field, preferably (financial) mathematics, engineering, physics or econometrics.
Experience/Knowledge:
1. Proficient with Microsoft Office programs.
2. Up to 5 years of working experience within Trading, Risk Management or Product Control functions.
3. Knowledge of risk management, including VaR, Greeks, and FRTB.
4. VBA or Python programming, SQL database queries.
Personal Attributes:
1. Excellent analytical and problem-solving skills.
2. Good communicator with attention to detail, proactive, self-sufficient with the ability to summarise.
3. Team player with ability to work successfully with cross-functional, geographically dispersed teams.
4. Flexible approach to role and responsibilities.
5. Ability to manage multiple tasks at the same time.
6. Motivated to specialise into the equity derivatives asset class and continuously learn as much as possible.
7. Comfortable working with complex technical processes and analysis of large data sets.
ING's purpose is 'Empowering people to stay a step ahead in life and in business'. Every ING colleague is given the opportunity to contribute to that vision. We encourage self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead).
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