Associate, Credit Trading
ING
Amsterdam, Netherlands
3 dagen geleden

About ING :

ING’s purpose is Empowering people to stay a step ahead in life and in business.’ Every ING colleague contributes to that vision.

We champion 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).

    For us, success will only be achieved if we act with Integrity.

    Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work / life balance.

    At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.

    Department Overview

    The FI / FM Risk department is a central part of ING’s risk management framework, with primary responsibility for assessing, monitoring and managing the risk of all financial markets trading books, financial institutions and financial markets.

    FI / FM Risk Management is independent from the revenue generating divisions and reports to the Firm’s Chief Risk Officer.

    The local FI-FM Risk function is responsible for market risk management and product control of the trading books as well as counterparty credit risk management.

    Responsibilities

  • Measure, monitor, analyze and report P&L of the trading books daily.
  • Measure, monitor, analyze and report market risk of the trading books daily.
  • Measure, monitor, analyze and report funding and liquidity risk in trading books.
  • Ensure that controls are in place for complete and accurate monitoring and reporting of P&L and Risk.
  • Perform price testing at least on a monthly basis.
  • Determine valuation adjustments, if required, as a result of uncertainty in market parameters.
  • Take ownership of Valuation Adjustments, price testing, and front-to-back reconciliation of P&L.
  • Prepare P&L related market commentary as required by internal policies.
  • Perform stress testing and analyze results.
  • Perform pro-active risk management by providing analysis and advice to FM.
  • Perform key control testing for FM in the monthly framework as it relates to internal / external audits and SOX control reporting.
  • Take ownership of assets, systems, parameters, LCSs.
  • Participate in special projects as required.
  • Ensure adherence to Financial Risk Policies, procedures and guidelines.
  • Manage relationships with all relevant stakeholders.
  • Qualifications

  • Bachelor’s degree in Business, Finance or other relevant field of study
  • 3-4 years of relevant working experience
  • Strong quantitative and analytical skills and solid understanding of financial analysis / econometrics
  • Basic knowledge of Financial Markets credit and derivative products
  • Ability to perform under pressure and react / reprioritize quickly
  • Good written and verbal communications skills
  • Detail-oriented with a commitment to quality and control
  • Proactive and team player
  • Proficient in Microsoft Excel, VBA, Access
  • Basic knowledge in data base tools including Access, SQL as well as other programming languages including Python
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