Deputy Head of Trading Risk Management

CRO | Trading Risk Management (TRM) | Deputy Head of TRM | New York

Trading Risk Management, Deputy Head of TRM, New York

About ING: 

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

The Trading Risk Management (TRM) team has been growing significantly due to growth plans in the US and associated regulatory requirements. Hence, an exciting opportunity is available within ING in New York to be the Deputy Head of TRM, who will primarily cover current and upcoming regulations and be exposed to market risk management and product control of trading books, risk assessment of new products/businesses/initiatives, transaction approvals, etc.

About the department:

The TRM department is a central part of ING’s risk management framework, with primary responsibility for assessing, monitoring, and managing risks of trading and banking books. TRM is independent from the revenue generating divisions of the firm and reports to the firm’s Chief Risk Officer and Global Head of TRM. The regional TRM function is responsible for market risk management, product control, liquidity, asset & liability management, IRRBB, initial margin, counterparty credit risk models, and associated regulatory requirements.

Responsibilities:

• Deputy Head of TRM, mainly focused on current/upcoming regulatory requirements for all legal entities in the US.
• Supervise ongoing and future regulatory projects, strategically supporting all other teams within TRM to meet desired goals.
• Establish priorities and manage directors/VPs/associates/analysts.
• Represent TRM and positively impact results of internal and external audits (CAS, SOX, KPMG, Model Validation, NFA, CFTC, SEC, FINRA, OCC, FED, etc.).
• Actively participate in US Risk Committees and other meetings with senior management.
• Approve or reject transactions, limit extensions, and waivers for all trading books, especially Global Securities Finance (GSF).
• Create, review, and propose enhancements to internal policies and procedures.

Qualifications and Competencies

• Graduate degree (Master’s and above) in Economics, Math, Statistics, Physics, Engineering, Business
• 15+ years of experience
• Microsoft Excel, Python
• Extensive knowledge of trading book risk (market risk, counterparty credit risk, initial margin)
• Thorough understanding of different asset classes (Rates, FX, Commodities, Equities, Credits, Structured Products) and products (vanillas and exotics)
• Prior experience and interaction with US regulators (NFA, CFTC, FINRA, SEC, FED, OCC, etc.)
• Ability to work under pressure, prioritize, effectively communicate and represent TRM in meetings with regulators and senior management.

Salary Range: $250,000 – $300,000

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.