Market Risk Analyst | MRM & FI/FM @ING Bank

Discover ING Bank

ING believes in a world where everyone has the right to grow and progress in their own way. We express this in our global tagline, “do your thing”. Perhaps more than in any other large company, we extend our belief in the power of autonomy to our own people. But there’s a catch. In return for great freedom, we expect people to do great things for our customers, our stakeholders, and ING at large.

To work here is to be surrounded by people who are energetic, ambitious, friendly and respectful: talented specialists who take the responsibility and autonomy to make great things happen. We stay curious, thrive on change, and seek new and better ways to make it happen. Active in Romania for 30 years, ING Bank pioneered and challenged the local banking industry. Technology and innovation are at the core of what we do, making our products relevant for our customers’ lives and businesses.

ING Bank Romania is the only bank with an organic growth within the top 10 local banks by assets, without acquisitions of client portfolios or other banks. ING Bank Romania is an universal bank with more than 1.8 million customers from three business segments: individuals (retail), SME and Mid-Corporate companies and Wholesale Banking.

Join us!

Mission

At ING we are always broadening our horizons. Our people have a forward-thinking mentality, a strong can-do spirit and enjoy working in a continuously developing environment. We are currently seeking a talented and ambitious Market Risk Analyst to join our dynamic team. As a market risk analyst, you would contribute to the financial stability of the bank, making sure that the activity of the Financial Markets and Group Treasury (FM and GT) desks stay within the risk appetite set by the management board of the bank. If you are curious and learning-oriented  and possess a strong analytical mindset, we invite you to apply and join us. In return, we will back you to develop into an even more awesome version of yourself.

Your day to day

• Accurate and timely measurement, monitoring, reporting and managing market risk for trading books (Financial Markets) and banking books (treasury) through the daily risk reports;
• Timely identify and reporting of limit excesses for trading and counterparty credit limits, including reasons, explanations and follow-up actions from Financial Markets and Treasury;
• Measurement and reporting of the financial result (profitability) for trading books (Financial Markets) and banking books (Treasury) through daily P&L reports;
• Review of Financial Markets and Treasury mandates (limits and products) and counterparty credit risk limits for Financial Institutions customers, acting as a gatekeeper for limit and/or product requests from Financial Market and Treasury, including one-off approvals;
• Ensure reliable and up-to-date market data for daily and monthly revaluation processes.
• Support monthly and quarterly BAU reporting and tasks. 
• Submitting and confirming reported results in the consolidated reporting platforms.
• Interacting regularly with front office traders (Financial Markets, Treasury) to ensure that the market risks arising from day-to-day trading positions are fully understood and managed appropriately within the desk’s limit framework.
• Developing a deep understanding of the products and markets covered by front office.
• Monitoring market news and trends, proactively communicating key events to senior management.
• Pro-actively looking for risks / market developments / control issues that are not covered by standard reporting.
• Support the business with ad-hoc requests from different stakeholders. Give guidance and advice on risk, regulatory and accounting issues.
• Contributing to projects. The department participates in a wide number of regulatory and internal projects as we adapt to changing market dynamics and technology improvements.

What you bring to the team

• Bachelor’s degree in Economics / Finance and Banks
• 3 years of relevant experience in the banking area
• Good understanding of the financial instruments and inherent risks (market and counterparty risks);
• Good understanding of the pricing models on financial result measurement (realized, unrealized/ Mark-to-market);
• Good knowledge of MS Office tools, especially Excel (medium, VBA programming is a plus)
• Delivery focus with good analytical, technical and reporting skills
• Organized and detail-oriented.
• Approachable and able to challenge different stakeholders such as front office, higher management and other support functions.
• Team player with the ability to develop strong relationships with various stakeholders.
• Energetic, creative, able to work independently and take the initiative to drive value
• Good verbal and written communication skills.
• Good understanding of the market data used by the pricing models (yield curves, discount factors, market indexes, market quotes, benchmark fixing)

Desirable  

• Programming skills (VBA).
• Knowledge/Experience with financial and market risk regulations (FRTB, IFRS, etc.)
• Master in Finance/Economics/Econometrics or other relevant field (i.e. Dofin)
• Professional qualification (PRM, FRM, CFA).

What we offer

• Impactful work in a fun and collaborative environment.
• Open-concept offices designed for both teamwork and relaxation.
• Corporate events and social gatherings
• Hybrid way of working with flexible working schedule and short week options.
• Monthly budget on Benefit platform.
• Extra annual leave days depending on the total length of working experience.
• Growth opportunities through upskilling/ reskilling programs and a variety of learning and development platforms: ING
• Learning Centre, Udemy, Bookster, as well as through trainings and certifications.
• Possibility to access Internal roles, International Short-Term Assignments or Long-Term Assignments.
• Context to make an impact through Sustainability and Corporate Social Responsibility projects.