At a Glance
- Tasks: Lead market risk management for commodities, analysing exposure and supporting trading strategies.
- Company: ING is a global bank focused on innovation and sustainability in financial services.
- Benefits: Enjoy a full-time role with opportunities for professional growth and collaboration across teams.
- Other info: Ideal for those passionate about market risk and eager to learn in a fast-paced environment.
- Why this job: Join a dynamic team, make impactful decisions, and develop your expertise in commodities trading.
- Qualifications: 5+ years in finance, strong analytical skills, and proficiency in Python or SQL required.
The predicted salary is between 48000 - 84000 £ per year.
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 department’s 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.
This role is primary responsible for acting as senior Commodities trading risk manager in London and is reporting to the Head of Commodities TRM in London.
Experience/Knowledge
Essential:
5+ years of experience in the financial industry
Experience in market risk management
In-depth product knowledge of commodities and associated pricing models
Good knowledge of banking regulations FRTB, Basel III
Strong leadership and organisational skills
Strong technical skills in Python, SQL and / or VBA
Desirable:
Experience with Sophis
Experience with market data sourcing and derivation (volatility, repo spread)
Experience in working on regulatory change and interaction with regulators (FRTB, TRIM, SIMM)
Main Duties and Responsibilities of Role:
Monitoring and analysing and reporting the organisation’s market risk exposure for the Commodities desk
Closely follow market developments and analyse both the realised and potential impact on the trading portfolio
Understanding and explaining the content of the reporting to FO and senior management
Monitoring trading limits and reviewing transactions over the established limits
Challenging FO on limit breaches, pricing, and strategy
Maintenance and implementation of policies and procedures.
Ensuring compliance with all relevant ING policies.
Continuously engaging with FO to keep up to date with their trading strategy, pricing and strategy
Supporting the business by providing pro-active risk and P&L advice to aid business management
Product development in conjunction with FO
Development of a new stress testing framework (historical, hypothetical, and reverse stress testing) for the Commodity asset class
Development and enhancement of existing risk framework
Improvement of the desk processes, looking for opportunities to increase efficiency and enhance the control framework
Collaborate with valuations team to improve the global valuation adjustment framework (independent price verification, fair value adjustment, and prudent valuation adjustment) for the Commodity asset class.
Improvement of the desk processes, looking for opportunities to increase efficiency and enhance the control framework
Involvement in local and global projects to implement changes in systems and regulations like Fundamental Review of the Trading Book (FRTB)
Functional testing of risk management system upgrades and model implementations in cooperation with FO, Quants, and IT
Supporting Model Development Quants in the development of models and methodologies and Model Validation quants in the validation of models and methodologies
Prepare and conduct monthly desk reviews
Maintain input or data quality of risk management systems.
Coordinate with the Global Market data team (GMDB), Trading Application Support, System Support and other teams to set up new market data sources and to help resolve market data-related issues.
Conduct annual review of trading mandate, limits and approved products
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)
Personal Competencies
Essential:
Excellent analytical and problem-solving skills
Good communicator with attention to detail, pro-active, autonomous as well as ability to summarise
Strong team player with ability to work successfully with cross-functional, geographically dispersed teams
Ability to work with FO and understand the business perspective of key projects
Flexible approach to role and responsibilities
Ability to manage multiple tasks at the same time
Ambition to specialise into the commodities asset class and continuously learn as much as possible
Comfortable working with complex technical processes and analysis of large data sets
ING Privacy Statement
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Commodity Market Risk Manager, VP in London employer: ING
ING is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee development, ING provides ample opportunities for growth and advancement within the financial sector, alongside a supportive culture that values diversity and teamwork. Employees benefit from competitive remuneration packages and a commitment to work-life balance, making it an ideal place for professionals seeking meaningful and rewarding careers in market risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Commodity Market Risk Manager, VP in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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We think you need these skills to ace Commodity Market Risk Manager, VP in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ING.
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Research and Reflect:Before hitting that 'apply' button on ING's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ING
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ING.
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✨Network with Industry Professionals
Before your interview, reach out to current or former ING employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
