Senior Rates and Non-Linear Rates Risk Manager
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Job Location:
Monthly Salary:
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
Department Overview:
This is a role in the Trading Risk department (TRM). The TRM 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. The departments 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.
Role Purpose:
Provide proactive market risk oversight and strategic risk advice for the Rates and Non-Linear Rates trading desk while supporting other asset classes when needed. Ensure robust risk frameworks regulatory compliance and efficient processes. This role reports to the Head of FX Rates and Credit.
Main Duties and Responsibilities of Role:
Risk Monitoring & Analysis
Monitor analyse and report market risk exposure for Rates and Non-Linear Rates trading portfolios.
Risk report generation is outsourced to Manilacoordinate with the offshore team to ensure accuracy and timely delivery.
Track market developments and assess realized and potential impacts on trading positions.
Ensure compliance with ING policies and regulatory requirements.
Stakeholder Engagement
Explain risk reports and insights to Front Office (FO) and senior management.
Challenge FO on limit breaches pricing assumptions and trading strategies.
Maintain continuous dialogue with FO to stay aligned on trading strategies and product developments.
Provide proactive risk advice to support business decisions.
Risk Framework & Policy Implementation
Support the development and implementation of stress testing frameworks (historical hypothetical reverse) for Rates and Non-Linear Rates.
Strengthen and continuously enhance risk frameworks while ensuring adherence to established policies and procedures.
Conduct annual reviews of trading mandates limits and approved products.
Process & Control Enhancement
Identify and implement process improvements to increase efficiency and strengthen controls.
Collaborate with Valuations team to refine global valuation adjustment frameworks (IPV FVA PVA).
Ensure data integrity and quality across risk management systems.
Projects & System Development
Participate in global and local projects including regulatory initiatives (e.g. FRTB).
Conduct functional testing of risk system upgrades and model implementations in partnership with FO Quants and IT.
Support Model Development and Validation teams in building and validating risk models.
Cross-Asset Support
Assist with risk oversight and analysis for other asset classes when required including Credit Trading FX and FX Derivatives Structured Products and Algo Trading.
Reporting & Governance
Prepare and lead monthly desk reviews.
Coordinate with Market Data Trading Application Support and System Support teams to resolve data issues and onboard new sources.
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 (e.g. PRM FRM)
Experience/Knowledge
Essential:
5 years of experience in the financial industry with a strong focus on market risk management
Deep understanding of Rates and Non-Linear Rates products including associated pricing models and risk sensitivities.
Solid knowledge of banking regulations and risk frameworks including FRTB Basel III and stress testing methodologies
Proven ability to lead and organize in a fast-paced trading environment with strong stakeholder management skills.
Technical proficiency in Python SQL and/or VBA for data analysis automation and process improvement.
Desirable:
Experience with risk systems and platforms such as IPA and Murex.
Experience with market data sourcing and derivation (volatility repo spread)
Ability to support cross-asset risk management including Credit Trading FX and Structured Products.
Experience in working on regulatory change and interaction with regulators (FRTB TRIM SIMM)
Personal Competencies
Essential:
Excellent analytical and problem-solving skills
Good communicator with attention to detail pro-active and autonomous
Collaborative team player with proven success working across functions and geographies
Ability to work with FO and understand the business perspective of key projects
Flexible approach to role and responsibilities
Capable of managing multiple tasks and deadlines effectively
Motivated to deepen expertise in Rates/Non-Linear Rates
Comfortable working with complex technical processes and analysis of large data sets
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Required Experience:
Manager
Key Skills
- Arm
- Risk Management
- Financial Services
- Cybersecurity
- COSO
- PCI
- Root cause Analysis
- COBIT
- NIST Standards
- SOX
- Information Security
- RMF
About Company
ING Global Career Opportunities - Welcome to 'careers at ING'. We give you the space to develop yourself as an intern, trainee and professional. Check out our opportunities. Jump on!
