Manager - Market Risk Management & Product

6 days ago

Singapore ING Full time

**Business**: FIFM Risk
**Position**: Manager, Market Risk Management and Product Controller

**Reporting to**: Leow Chee Mun, Head of Market Risk & Product Control - Credit Trading, Rates Trading, Financing and Risk Control**:**
ROLE SUMMARY & PROFILE**
**Overview**

**Job description - Manager**

The role of the Market Risk Manager/Product Controller is to monitor and analyze P&L and market risk exposure on a day-to-day basis for Rates Trading and Structured Financing desks. It involves monitoring and measurement of positions against the bank’s limits. In addition, the analysis and calculation of independent valuation adjustments and reserves are part of this role. The team has a joint responsibility to deliver on the quarterly requirements for reporting/control as well as system project roll-outs and regulatory compliance projects involving their respective asset class.

**Key Responsibilities**

Daily
- Ensure timely delivery of accurate daily P&L, VaR and Risk report
- Perform P&L attribution and Risk analysis independently
- Ensure excesses are rectified/explained or escalated
- Backtest the VaR and highlight/explain outliers
- Ensure accurate booking of trades to enable efficient risk management and balance sheet valuation
- 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
- Ensure Front Office to General Ledger reconciliation is reviewed (Balance Sheet position and P&L)

Monthly
- Preparation of monthly risk meeting for Risk and P&L discussions among Front Office, MRM and Finance
- Perform reserves calculations and independent price testing

Quarterly
- Perform Fair Value Hierarchy assessment
**Other key responsibilities**
- Assist in system implementations and projects on the desk as part of a squad with global alignment across the Rates asset class within Financial Markets
- Support in one-off product and trade approval discussion and fact finding together with senior stakeholders in the business
- Provide market risk assessment of collateral securities in banking book transactions (margin loans, etc)
**We are looking for (key competencies and qualifications)**:

- You have a Bachelor/Master’s degree in Mathematics, Financial Engineering or another related field
- You have good MSOffice 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 have 5+ years of experience in Market Risk, preferably in Derivative products
- You have in-depth knowledge of financial products and trading/booking systems

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