Associate, Market Risk Management and Product Controller

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 clients 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 and profit & loss 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 and product control responsibilities for the Credit Trading and Structured Financing desks that operate out of Singapore. It involves monitoring and reporting risk exposures against the banks approved risk appetite mandates and addition product control activities like PL reporting analysis and calculation of independent valuation adjustments / reserves are part of this role. The role sits under a wider team covering other asset classes. 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 VaR Risk and P&L report.
• Perform Risk analysis independently and collaboratively within the team.
• Ensure trading limit excesses are rectified/explained or escalated.
• 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 and P&L discussions among Front Office TRM and Finance.

Others

• Participate in system enhancements and IT projects for the desk.
• 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.
• Independently engage with the traders for BAU Risk and PL matters.

What were looking for:

• You have a Bachelors/Masters 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 (repos TRS) including related market risk items like the 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.