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Form of workTitle: Vice Presidents, Market Risk
Employer: ING Financial Services, LLC
Location: New York, NY
Salary range: $140,000 - $180,000
Job Description:
Work with TRM department on Market Risk management, product control of trading books, and counterparty credit risk management. Primarily focus on assessing, monitoring, and managing risks of all trading books. Coordinate and serve as single point of contact in CFTC/NFA examinations, internal audits (CAS), external reviews (KPMG) and Model Validation (MV) on Market Risk, Product Control and Initial Margin (SIMM). Respond to and submit all regulatory requirements and ensure compliance with US regulations and internal policies. Calculate, review and report market and credit RWAs. Work with VaR, Stressed VaR, Backtest, Greeks, Stress Test, Risk-Not-In-Model, P-value; and SA-CCR, CEM and other standardized approaches (Fed Rules). Liaise with other risk managers to prepare ongoing monitoring packages for US regulators and respond to ad hoc requests. Research applicable regulatory rules, translate this to business context and ensure compliance with external rules and internal policies. Perform ad hoc analysis and implement tactical tools in Excel or Python to mitigate situations of non-compliance. Actively collaborate with global stakeholders to find strategic solutions. Measure, monitor, analyze and report Profit and Loss of the Commodity trading books, and Market Risk of the Commodity trading books daily. Monitor controls for complete and accurate monitoring and reporting of P&L and Risk. Generate and develop risk overviews.
Minimum Requirements:
Master's degree or foreign equivalent in Finance or Economics and minimum 2 years of any job title/occupation/position involving Market Risk and credit risk experience. Experience must include working with Market Risk metrics and measures including VaR, SVaR, Greeks, and Expected Shortfall; developing credit risk metrics and measures including PFE, LGD, and EAD; risk monitoring, stress testing and risk analysis; US regulatory requirements; utilizing VBA, SQL, and Python; data analysis and modeling using R, Tableau, and Oracle SQL Developer; and working with Summit, Murex, and Sophis end-user knowledge.
