Counterparty Risk Associate
2 days ago
**Department Overview**:
This is a role in the Counterparty Risk department, joining a team responsible for managing the credit risk of various counterparties to ING, including hedge funds, insurance companies and agent lenders. The team works closely with Financial Markets and Sectors/ Lending teams across a
wide suit of banking products including derivatives, margin loans, revolving credit facilities.
**Main Duties and Responsibilities of Role**:
Be responsible for onboarding and ongoing management/ monitoring of large-scale fund manager and agent lender portfolios;
Conduct credit analysis on hedge funds and other non-bank financial institutions, including client due diligence as necessary, and providing subsequent risk appetite recommendation;
Respond to ad-hoc transaction requests in a timely manner, demonstrating clear understanding of trade-specific risks and risk measurements;
Prepare/ devise reporting for internal stakeholders ensuring high quality and timely information is provided to our stakeholders to enable proactive risk management;
Monitor, analyse and report on concentrations, violations and trends in the credit/market risk portfolio;
Respond to (ad-hoc) questions and data requests from internal and external stakeholders on counterparties/ sectors in your scope;
Participate in risk projects, including regulatory and system-related matters;
Support team with the measurement and interpretation of exposure calculations (PS, LGD, EAD, RWA etc);
Qualification/Education
**Essential**:
University degree in a quantitative/ finance field
**Desirable**:
Masters in a quantitative finance field and/ or relevant professional qualification (CFA, FRM)
Experience/Knowledge
**Essential**:
At least 4 years’ experience in a credit risk management environment
Experience of managing credit risk for funds and/or agency lending;
Knowledge of master documentation (ISDA, GMRA, GMSLA);
Familiar with Financial Markets Traded Products;
**Desirable**:
Able to perform (trend) analysis on credit/market risk portfolios;
Knowledge of credit risk models (PFE, RWA, LGD);
Personal Competencies
Strong analytical skills with a high attention to detail;
Good command of English language, both oral and written, other language skills are a bonus;
Pro-active approach and be able to plan, organize and work independently. Project management skills are required;
Be a good team player, able to contribute in a diverse team;
Strong IT skills, advanced MS Excel at a minimum
ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead)
For us, success will only be achieved if we act with Integrity.
Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.
In order to operate ING’s recruitment process, we will collect and store personal information you provide. Please request the privacy notice should you wish to understand how ING uses and protects this information
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