Commodity Market Risk Manager in London

ING is a family friendly organisation offering a flexible, hybrid working pattern. The Trading Risk Management Team are office based a minimum of 3 days per week.

Job Specification
 

Department Overview:

This is a role in the TRM(Trading Risk Management) department. The TRM Risk 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; 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 (FO), providing challenge and support.

Main Duties and Responsibilities of Role:
 

• Responsible for end-to-end product control process, including the preparation of daily p&l reporting and balance sheet reconciliation
• Production and in-depth analysis of daily and longer-term profit and loss (P&L)
• Understanding and explaining the content of the reporting to Front Office and senior management
• Monitoring, analysing and reporting the organisation’s market risk exposure on a day-to-day and long-term basis for the Commodities desk
• Preparation of independent price verification, prudent valuation and model reserves of a monthly basis
• Involvement in local and global projects to implement changes in systems and regulations
• Monitoring trading limits and reviewing transactions over the established limits
• Continuously engaging with Front Office to keep up to date with their trading strategy, challenging where appropriate on limit breaches, pricing and strategy
• 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.
• Execution of the global valuation adjustment framework for the Commodity asset class

Candidate Profile

Qualification/Education

Essential: University Degree (2:1 or above) in a quantitative field, preferably (financial) mathematics, engineering, physics or econometrics

Desirable: Professional qualification (. PRM, FRM)

Experience/Knowledge

Essential:

3+ years of experience in the financial industry
Experience in product control and/or market risk management
Previous experience of product control of commodities .within an investment bank

Desirable:

An understanding and working knowledge of VaR
Experience working on regulatory change. FRTB, TRIM, Interaction with Regulators
Experience in market data and associated challenges for Commodities In-depth product knowledge of Commodities, Commodity derivatives, and associated pricing models
Strong technical skills in SQL, VBA and Python

Personal Competencies

Essential:

Excellent analytical and problem-solving skills
Good communicator with attention to detail, pro-active, autonomous as well as ability to summarise
Strong team player with ability to work successfully with cross-functional, geographically dispersed teams
Ability to work with FO and understand the business perspective of key projects
Flexible approach to role and responsibilities
Ability to manage multiple tasks at the same time
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 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. 

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