Analyst, Market Risk Manager

About the Position

Analyst, Market Risk Manager

Location: New York, United States

Department: Financial Risk

Employment Type: Full-time

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About the Position

This job is responsible for market risk management (analysis, reporting, and monitoring) of the commodity derivatives trading desk in New York. Within FM, the commodity derivatives trading desk provides hedges to clients with already existing lending relations, to ensure right way risk to ING. The desk has a global coverage, with main trading hubs in London, Singapore, and New York. This role offers an exciting opportunity within TRM New York to cover the market risk aspects for commodity derivatives trading, to learn and to make an impact in a diverse and collaborative team.

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Responsibilities

• Manage all market risk aspects of the commodity trading desk;
• Ensure that controls are in place for complete and accurate monitoring and reporting of market risk;
• Measure, monitor, analyze and report market risk of CMD trading books on a daily basis;
• Perform proactive risk management by providing analysis and advice to the front office;
• Collaborate with the regulatory risk team and respond to regulatory requests promptly and accurately;
• Execute and monitor risk processes and ensure the data quality within these processes;
• 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;
• Actively participate in product and regulatory related projects and initiatives, including system upgrades, testing and setup of new products, desk/risk management system migrations, MI, FRTB, market data sourcing, department audits, risk tooling upgrades / maintaining, roll out reporting solutions;
• Actively participate in regulatory examinations, internal audits (CAS), external reviews (KPMG), and Model Validations (MV);
• Streamline reporting processes and adapt to IT and system changes;

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Requirements

• Bachelor’s or Master’s degree in Business, Finance, Statistics, Economics, or other relevant field of study;
• 0-1+ years of relevant working experience;
• Good knowledge of financial markets, economics, and (commodity) market risk;
• Delivery focused with strong analytical skills, and ability to perform cash flow analysis using analytical tools;
• Energetic, able to work independently and take the initiative to drive value;
• Ability to perform under pressure, multi-task, and react/reprioritize quickly;
• Strong verbal and written communication skills;
• Excellent organization and problem-solving skills are required;
• Professional, proactive, self-driven, hands-on, collaborative, responsive;
• Must be well versed in Microsoft Office applications, particularly Excel VBA. Python and SQL are highly recommended.

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Salary Range

$79,000 - $100,000 per year

The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.

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We Offer

• Comprehensive health benefits
• Generous 401k savings plan
• Competitive PTO
• Adoption, surrogacy, and fertility services
• Student debt assistance
• Subsidies for commuting and fitness expenses

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About the Company

At ING, we aim to unlock the full potential of our employees through an inclusive culture where everyone can develop and make an impact on our clients and society. We prioritize diversity, equity, and inclusion and welcome applicants of diverse backgrounds. We are an equal opportunity employer and do not tolerate discrimination based on race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law.

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ING Bank does not have a commercial banking license in the U.S. and therefore is not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.