Description
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 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'll only be judged on your performance in line with the Orange Code. And that's a promise.
Job Specification
Overview:
The FI FM Risk is a team of approx. 25 people supporting a wide area of businesses within Financial Markets, Bank Treasury as well as banking activities. The team is responsible for the market risk and product control function as well as counterparty credit risk. Market risk looks are the movement in market parameters, such as interest rates, credit spreads and FX rates. Credit risk assesses the risk by counterparty. The department's core activity is measuring and analysing the financial risks of the trading desks and banking books we manage as well as the day-to-day profit and loss generated by traders. This requires close liaison with Front Office traders.
Main Duties and Responsibilities of Role:
- Daily, weekly and monthly profit & loss explanations and risk reporting commentary/analysis.
- Daily preparation of a consolidated income and market risk reports across all businesses for management.
- For at least one business line, understanding the P&L drivers and market risk profile of the products, strategies and portfolios, including gaining an understanding of underlying risk drivers.
- Work with different teams within the department and liaise with the Front Office. This will help develop a better understanding of financial market products and processes.
- FI FM Risk is involved in a number of local and global projects to implement new or enhanced reporting systems or trading systems. The role will offer scope to participate in these projects.
- Complete online product training utilising ING's internal product self-tuition courses.
Excellent Career Potential for him or her to do their internship
This role provides an excellent opportunity to gain an introduction to working within FI FM Risk. It is a fantastic learning opportunity and introduction to this area.
Candidate Profile
Qualification/Education
Essential: A recent masters graduate in a financial/quantitative discipline.
Experience/Knowledge
Essential: Excel.
Desirable: VBA, Matlab, C++.
Personal Competencies
Essential: A strong motivation to learn
Willingness to learn and understand new products and the risk implications
Delivery focused
Good analytical skills
Good PC skills
Professional and confident manner
Good verbal and written communication skills
Approachable and friendly
Organised and detailed orientated
A team player who has the ability to develop strong relationships with clients and colleagues.