The posting
Risk | Financial Risk - TRM | Analyst, Market Risk Manager | New York
About ING:
In the Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.
We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.
Sound like the kind of place you’d feel at home? We’d love to hear from you.
About the position:
This job is responsible for market risk management (analysis, reporting, and monitoring) of the commodity derivatives trading desk in New York. Within FM, the commodity derivatives trading desk provides hedges to clients with already existing lending relations, to ensure right way risk to ING. The desk has a global coverage, with main trading hubs in London, Singapore and New York. This role offers an exciting opportunity within TRM New York to cover the market risk aspects for commodity derivatives trading, to learn and to make an impact in a diverse and collaborative team.
About the department:
The TRM department is a central part of ING’s risk management framework, with primary responsibility for assessing, monitoring, and managing risks of all trading books. TRM is independent from the revenue generating divisions of the firm and reports to the firm’s Chief Risk Officer and Global Head of TRM. The
regional TRM function is responsible for market risk management of trading books as well as liquidity risk, asset and liability management, and regulatory risk models (including those of
counterparty credit risk).
Responsibilities :
- Manage all market risk aspects of the commodity trading desk;
- Ensure that controls are in place for complete and accurate monitoring and reporting of market risk;
- Measure, monitor, analyze and report market risk of CMD trading books on a daily basis;
- Perform pro-active risk management by providing analysis and advice to the front office;
- Collaborate with the regulatory risk team and respond to regulatory requests promptly and accurately;
- Execute and monitor risk processes and ensure the data quality within these processes;
- Coordinate with the Global Market data team (GMDB), Trading Application Support, System Support and other teams to set up new market data sources and to help resolve market data related issues;
- Actively participate in product and regulatory related projects and initiatives, including system upgrades, testing and setup of new products, desk/risk management system migrations, MI, FRTB, market data sourcing, department audits, risk tooling upgrades / maintaining, roll out reporting solutions;
- Actively participate in regulatory examinations, internal audits (CAS), external reviews (KPMG) and Model Validations (MV);
- Streamline reporting processes and adapt to IT and system changes;
Qualifications and Competencies
- Bachelor’s or Master’s degree in Business, Finance, Statistics, Economics or other relevant field of study;
- 0-1+ years of relevant working experience;
- Good knowledge of financial markets, economics and (commodity) market risk;
- Delivery focused with strong analytical skills, and ability to perform cash flow analysis using analytical tools;
- Energetic, able to work independently and take the initiative to drive value;
- Ability to perform under pressure, multi-task and react/reprioritize quickly;
- Strong verbal and written communication skills;
- Excellent organization and problem-solving skills are required;
- Professional, pro-active, self-driven, hands-on, collaborative, responsive
- Must be well versed in Microsoft Office applications, particularly Excel VBA. Python and SQL are highly recommended.
Salary Range: $79,000-100,000
The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.
In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.
ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.
ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.
