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Trading Quant

Impiegato | Risk Management | Da 2 a 7 anni di esperienza | Italia | Milan | 2023-09-29 | 068963


Job Description:

ING Italy is looking for a Trading Quant for the Risk Trading Quant Team in the Risk department of ING Italy, working in close cooperation with the Trading Quants of ING Group. The Trading Quants department is part of ING Group Model Development which comprises of a large team of modelling experts in Trading Risk, Credit Risk and Market Risk in IRRBB and Balance Sheet Risk models, and that uses state-of-the-art modelling methods, tooling, and data-processing technologies. 

You will be joining an energetic team of highly qualified professionals. 

Our area of expertise is Trading pricing models, Market risk and Counterparty credit risk in the Trading book. 

The position offers excellent opportunities to excel in what you do and to broaden your modelling and coding skills, as well as exposure to a dynamic and agile international working environment.

Does it sound interesting? Please read on!


What you'll do

The team activities are quite varied – here are some of the main ones:

  • Develop the calculation methodologies for valuation adjustment models that account for the model risk uncertainty;
  • Develop Trading Risk methodologies, such as Incremental Risk Charge (IRC/DRC), VaR scenarios specifications, Risk not in model (e.g., for IRC and VaR models), Stress test; 
  • Develop Counterparty Credit risk models;
  • Design model monitoring methodologies;
  • Perform the production system implementation checks by comparing to your own benchmark implementation;
  • Provide quantitative support to risk managers and traders (in the risk modelling context), to the integration of the new products/pricing models in the existing risk frameworks, development of tools to provide insight into model choices, analysis of the methodologies used for P&L explainer or market data proxies. 


Who we are looking for

You have:

  • A PhD or a MSc in a quantitative field, e.g., mathematics, physics, statistics/ econometrics etc;
  •  3 to 7 years of Quant experience in the following areas:
  • Market Risk models and/or Counterparty Credit Risk models and the implementation of such models in Python or C++;
  • Derivatives pricing in at least one of the following asset classes: Interest Rate & Inflation, FX, Credit, Equity, Commodities and/or XVA, including model implementation in Python or C++;
  • Familiarity with the most important regulatory developments (e.g. CRR Market Risk framework for the Trading Book, FRTB, Prudent Valuation framework, etc);
  • Strong communication skills and fluency in English; and
  • Constructive attitude and pro-active team player.


What we offer

A job where you really can make a difference and impact for our customers. Trading is key in financing enterprises and consumers. The models that you will develop will determine and measure risk and are key in all the decisions we make. 


Duration: Permanent

Location: Milan


About ING

ING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional.

Our purpose - empowering people to stay a step ahead in life and in business - represents our belief in people’s potential. We don’t judge, coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future.

#doyourthing is our brand direction with us each and every day. It is how we articulate our purpose and our promise to make banking frictionless to the world. ‘do your thing’ is about people being free to live the life they want to live, knowing that they will make their world a little better for it.

Do you think you are "a step ahead"? Apply now! 


The benefits of joining ING

In addition to being a part of a great team, working in a fun and innovative environment, we offer:

  • Super flexible smart working 
  • Competitive base salaries and performance based bonuses 
  • Diverse cultures & Innovative mindsets 
  • International Environment
  • Commitment to sustainability
  • Lots of training development opportunities to help you grow
  • Lots of moments dedicated to physical and mental well-being
  • A special day off when it is your birthday: we call it #doyourbirthday!
  • And of course we can’t forget: free water & coffee at the office! 


Our Commitment

Diversity is a fundamental element of our corporate culture, and we are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.


Verso l'alto

Please be aware that the recruitment procedures, (labour) regulations and labour agreements of Italia apply.

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