What are the responsibilities and job description for the Trading Risk - Associate position at ING Bank N.V.?
Market Risk Management | Trading Risk | Associate | New York City
About ING :
Ranked #8 on LinkedIn Top Companies in Financial Services
Crain’s 100 Best Places to Work
Ragan’s Top Places to Work in 2023
In 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 Associate level risk role function is responsible for market risk management and product control of various Financial Markets trading books. The Risk team utilizes various product specific front-office and back-office systems to perform analytics, reporting, and reconciliation, to satisfy the firm’s regulatory and minimum financial control standards.
About the department:
The Risk department is a central part of ING’s risk management framework, with primary responsibility for assessing, monitoring and managing the risk, and reporting and reconciliation of profit loss for all financial markets trading books.
Responsibilities :
Measure, monitor, analyze and report trading P&L and risks daily/monthly according to the firm’s control standard.
Prepare general ledger monthly accounting entries to align PL and balance sheet as required.
Ensure that the established controls are followed to present complete and accurate monitoring and reporting of P&L and Risk.
Perform monthly price testing and reserve procedures and review protocols.
Perform pro-active risk management by providing analysis and advice to the Financial Markets front-office.
Provide support for local and global regulatory and audit review reporting deliverables.
Participate and contribute to all relevant special projects and initiatives.
Qualifications and Competencies
Bachelor’s degree in business, Finance, or other relevant field of study.
2 years of relevant working experience in Financial Markets products; equity, bonds, derivatives.
Proficient in Microsoft Excel, VBA, basic knowledge in database tools including Access, SQL, and other programming languages including SAS and Python a plus.
Base Salary Range: $85K - $115K
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 working from home, 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.
About ING :
Ranked #8 on LinkedIn Top Companies in Financial Services
Crain’s 100 Best Places to Work
Ragan’s Top Places to Work in 2023
In 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 Associate level risk role function is responsible for market risk management and product control of various Financial Markets trading books. The Risk team utilizes various product specific front-office and back-office systems to perform analytics, reporting, and reconciliation, to satisfy the firm’s regulatory and minimum financial control standards.
About the department:
The Risk department is a central part of ING’s risk management framework, with primary responsibility for assessing, monitoring and managing the risk, and reporting and reconciliation of profit loss for all financial markets trading books.
Responsibilities :
Measure, monitor, analyze and report trading P&L and risks daily/monthly according to the firm’s control standard.
Prepare general ledger monthly accounting entries to align PL and balance sheet as required.
Ensure that the established controls are followed to present complete and accurate monitoring and reporting of P&L and Risk.
Perform monthly price testing and reserve procedures and review protocols.
Perform pro-active risk management by providing analysis and advice to the Financial Markets front-office.
Provide support for local and global regulatory and audit review reporting deliverables.
Participate and contribute to all relevant special projects and initiatives.
Qualifications and Competencies
Bachelor’s degree in business, Finance, or other relevant field of study.
2 years of relevant working experience in Financial Markets products; equity, bonds, derivatives.
Proficient in Microsoft Excel, VBA, basic knowledge in database tools including Access, SQL, and other programming languages including SAS and Python a plus.
Base Salary Range: $85K - $115K
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 working from home, 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.
Salary : $85,000 - $115,000
