Trading Risk Management (TRM) London is team of more than 70 people supporting all Financial Markets businesses. TRM is responsible for Market Risk, Product Control and IPV. Market risk looks at the movement in market parameters, such as interest rates, credit spreads, FX rates, and their impact on trading portfolio valuations. The department’s core activity is measuring and analysing the financial risks of the trading desks as well as the day-to-day profit and loss generated by traders. This requires close liaison with front office traders.
The role
Main Duties and Responsibilities could include some of the following:
- Reporting of the P&L and Risk for a specific trading desk.
- P&L reporting includes confirmation of full trade coverage with reconciliation breaks appropriately managed, explanation of the P&L.
- Risk reporting includes Value at Risk reporting and validation of the computation through full trade coverage validations and market data checks; sensitivity reporting and limit checking.
- Developing a deep understanding of the products and markets covered by the trading desk.
- Discussing results / market developments with the trader.
- Pro-actively looking for risks / market developments / control issues that are not covered by standard reporting.
- Contribute to project supporting the following: Stress Testing, Initial Margining, Capital calculations, ING funding requirements, Reporting re-design.
Qualification/education
- Undergraduate degree holder (at least 2:1) in Finance/Economics/Econometrics or a numerically oriented degree.
Experience/knowledge
Essential
- Strong interest in financial markets.
- Highly competent with Microsoft Excel.
Desirable
- Programming skills (familiarity with VBA, SQL, Python).
- Accounting
- Economics
Personal competencies
- Delivery focused with strong analytical skills.
- Good verbal and written communication skills.
- Organised and detail orientated.
- Approachable and willing to challenge different stakeholders, such as front office, higher management, and other support functions.
- Energetic, creative, able to work independently.
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