Financial Risk/Finance – Product Control – Equity Derivatives/CEM (GJA 15)
Full time: Amsterdam
Your role & work environment
You will be part of the team that performs the Product Control for several trading desks. The team is part of the Product Control (PC) department in Amsterdam. PC is a global function within ING is moving into the Finance function. Responsibilities cover Product Control for the trading activities within Financial Markets (FM), covering Equity Derivatives Trading and Collateral Exposure Management (CEM).
The core activities of the team are measuring and analyzing the day-to-day Profit and Loss (P&L) generated by the trading desk and monitoring, whilst understanding market drivers, P&L explain and risk exposures, as well as the valuations and in the trading books. Core to the role is the understanding and developing valuations, the control environment, development of new products, position keeping and system migrations, regulatory compliance projects and continuous system improvements.
Your key responsibilities
The key responsibilities for the role are:
Producing a timely and accurate daily P&L and risk report.
Providing in-depth commentary that explains P&L fully and the markets.
Understanding the P&L drivers and risk profile of the products and trading strategies.
Following up with traders on limit breaches, demonstrating appropriate challenge.
Understand the business front-to-back activities and systems architectures, addressing any weaknesses and well as support business changes such as new products (Product Approval and Review Process)
Ensure the control environment is effective and efficient, including SOX.
Assist in removing the dependency on End User Computing (EUC) procedures, to ensure all controls are embedded in systems.
Ensuring the valuation and valuation parameters are appropriate, such as performing price testing, calculating valuation adjustments and monthly reserves as well as models, market data, Fair Value reporting and Day One P&L reporting.
Active engagement and ability to work with the Front Office on a range of topics to discuss business development and market changes as a business partner.
Participating in global projects (e.g. Valuation Risk, Financial Markets Enhancement (FME), Market Data Roadmap, BCBS 239)
Participating in business initiatives to support the Position Keeping, Deal Capture and downstream systems developments and changes
Interact with audit teams as necessary, both internal and external.
We look for
A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast-changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.
Product Controller is part of Finance, you will also need:
Master’s degree, preferably in, Finance/Accounting, Economics, Mathematics, Engineering
At least 2 years’ experience understanding financial product with another bank or financial institution.
Strong financial product knowledge and a sound mathematical background
Ideally have accounting background, which may include audit or accountancy practice
Be a good communicator with attention to detail and able to summarize.
Be a team player that can work with cross-functional, geographically dispersed teams
To be able to understand the business perspective of key projects for Front Office developments
To have a flexible approach to the role and responsibilities
To be fluent in English
Ideally have programming experience (VBA, Python, …)
Rewards and benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.
The benefits of working with us at ING include:
25-28 vacation days depending on contract
Pension scheme
13th month salary
8% Holiday payment
Hybrid working
Personal growth and challenging work with endless possibilities
An informal working environment with innovative colleagues
About us
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Discover what we do and what we can offer you.
Questions?
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.