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- 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.
- 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, SQL, or VBA required.
- Other info: Ideal for those passionate about market risk and eager to learn in a fast-paced environment.
The predicted salary is between 57600 - 84000 £ per year.
Join to apply for the Market Risk Manager – Commodities – VP role at ING
Join to apply for the Market Risk Manager – Commodities – VP role at ING
Senior Recruiter RWO Global Sourcing (EMEA) – Sourcing talent across front, middle and back office for ING
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
- 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
- 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
Qualification/Education
- University Degree (2:1 or above) in a quantitative field, preferably (financial) mathematics, engineering, physics or econometrics
- 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
In order to operate ING’s recruitment process, we will collect and store personal data you provide. Please request the privacy statement should you wish to understand how ING UK uses and protects this information and visit our website for more information.
Seniority level
- Seniority levelMid-Senior level
Employment type
- Employment typeFull-time
Job function
- Job functionFinance
- IndustriesBanking, Capital Markets, and Investment Banking
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Desk Head - Market Risk Manager - Commodities - VP employer: ING
Contact Detail:
ING Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Desk Head - Market Risk Manager - Commodities - VP
✨Tip Number 1
Make sure to stay updated on the latest trends and developments in the commodities market. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role and the industry.
✨Tip Number 2
Network with professionals in the financial markets sector, especially those involved in market risk management. Attend industry events or webinars to connect with potential colleagues and learn more about the challenges they face.
✨Tip Number 3
Familiarise yourself with the specific regulations mentioned in the job description, such as FRTB and Basel III. Being able to discuss these topics confidently can set you apart from other candidates.
✨Tip Number 4
Prepare to showcase your technical skills in Python, SQL, and VBA during the interview process. Consider working on a small project or case study that highlights your ability to analyse market data and derive insights.
We think you need these skills to ace Desk Head - Market Risk Manager - Commodities - VP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk management, particularly within commodities. Use specific examples that demonstrate your understanding of pricing models and banking regulations like FRTB and Basel III.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, such as monitoring market risk exposure and collaborating with the Front Office.
Showcase Technical Skills: Emphasise your technical skills in Python, SQL, and VBA. Provide examples of how you've used these skills in previous roles to improve processes or manage data effectively.
Highlight Leadership Experience: Since this is a senior role, be sure to highlight any leadership or team management experience you have. Discuss how you've successfully led projects or teams, especially in high-pressure environments related to financial markets.
How to prepare for a job interview at ING
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Python, SQL, and VBA during the interview. Be prepared to discuss specific projects where you've applied these skills, especially in relation to market risk management and data analysis.
✨Demonstrate Industry Knowledge
Familiarise yourself with current trends and regulations in the commodities market, such as FRTB and Basel III. Being able to discuss recent developments and their potential impact on trading strategies will show your depth of understanding.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about how you would handle limit breaches or develop stress testing frameworks, and be ready to articulate your thought process clearly.
✨Emphasise Team Collaboration
As this role involves working closely with the Front Office and cross-functional teams, be prepared to share examples of how you've successfully collaborated in the past. Highlight your communication skills and ability to work autonomously while still being a team player.
