Associate, Market Risk Management

3 days ago

Singapore ING Full time $80,000 - $120,000 per year

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client's perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Job Profile Summary

Trading Risk Management is responsible for the daily measurement, control and assessment of the market risk profile of the trading books and provides advice to senior management on risk positions. The department is arranged to mimic the financial markets business lines / asset classes structure within ING. This set up is further supported by global squads that work across locations focusing on a specific asset class / desk, and the team members are expected to be a part of such squads.

This role covers the market risk responsibilities for the Credit Trading, Global Securities Financing and Structured Financing desks that operate out of Singapore. It involves monitoring and managing market risk exposures against the bank's approved risk appetite, mandates and limits.  The team has a joint responsibility to deliver on the miscellaneous requirements for reporting/control and to participate in system project rollouts, regulatory deliverables and new product initiatives.

Job Responsibilities:

Recurring

  • Ensure timely delivery of accurate daily Risk report.
  • Perform Risk analysis independently and collaboratively within the team.
  • Ensure trading limit excesses are rectified/explained by traders or escalated to management.
  • Backtest the VaR and highlight/explain outliers.
  • Ensure timely escalation & resolution of booking or market data errors, if any, that impact efficient risk management and valuations.
  • Keep track of market developments/changes and its impact on trading strategy highlighting changes and issues to local management as well as direct discussion with Front Office personnel.
  • Preparation of monthly risk meeting for Risk discussions with Front Office.

Others

  • Be a member of global asset class Risk squad that works across locations on deliverables around specific asset classes in a consistent manner.
  • Support senior team members and the manager in any new product or one-off trade approvals.
  • Provide market risk assessment to senior stakeholders in the business while also taking on ad hoc tasks, as allocated by the team lead.
  • Participate in system enhancements and IT projects for the desk.
  • Independently engage with the traders for BAU market risk matters.

What we're looking for:

  • You have a Bachelor's/Master's degree in Finance, Business, or related fields (Economics, Mathematics, etc.).
  • You have 3+ years of experience in Market Risk management.
  • You have foundational understanding of linear derivatives and/or financing products including related market risk items like greeks & market data.
  • You have good VBA knowledge, with ability to work with existing code and encode/troubleshoot simple VBA/macros, basic SQL knowledge is a plus.
  • You have strong analytical skills and good communication skills.
  • You bring a proactive mindset to work with a willingness to learn new products, processes and asset classes.

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