Job Description

Department Overview:

ING Wholesale Banking ("WB") is looking to hire a funding, liquidity and collateral management associate for its Financial Markets Credit Exposure Management ("FM CEM") team to be based in London.



As part of the team, you will contribute to the three main responsibilities under FM CEM in London:

Manage and optimise collateral for ING's derivatives portfolios Price and hedge any funding implications on FM derivative transactions Centralise and manage liquidity for the bank's financial markets division.



As our new colleague you will join a highly skilled team with very strong knowledge of financial markets products, valuation, trading and risk but also very hands on attached to reality closely involved in new transactions and revenue generation targets where pricing, hedging, management and optimisation are at the core of our day to day.

Main Duties and Responsibilities of Role:

Act as the subject matter expert (SME) on collateral, acting as the primary point of contact for all collateral-related queries

Lead negotiations and execution of collateral terms and schedules with financial counterparties and clients

Identify and implement optimisation opportunities that include but are not limited to revenue generation and cost reduction

Maintain a deep understanding of collateral processes and requirements from a front office perspective

Performing daily/weekly/monthly reporting and comprehensive analysis for various collateral metrics

Independent analysis of collateral position and movement for the bank

Performing PnL analysis and substantiation for the FM CEM Funding, Liquidity and Collateral profit centres

Developing and running control functions for various aspects of CEM Funding, Liquidity and Collateral

Participate in developing new tools and methodologies for CEM Funding, Liquidity and Collateral

Proactively monitor market and regulatory developments impacting collateral management



Candidate Profile

Qualifications / Education:

Essential:

Bachelors or Masters degree in a quantitative subject or equivalent

Desirable:

Finance degree or course in Derivatives and/or Risk is desirable but not essential

Experience / Knowledge:

Proven experience at a Trading, Risk, or XVA desk, with a strong understanding of financial markets

Advanced Excel modelling capabilities, with a focus on building robust and scalable models

Proficient in VBA/Python, with experience automating workflows and developing analytics tools

Solid understanding of Interest Rate, FX, and Credit derivatives, including their pricing, risk sensitivities, and market conventions

Working knowledge of Counterparty Credit Risk (CCR), XVA (CVA, DVA, FVA, MVA), and regulatory margin and collateral frameworks

Skilled in presenting complex quantitative concepts to both technical and non-technical audiences

Skilled in using MS Office tools for reporting, analysis, and communication with stakeholders

Competencies:

Strong analytical mindset with the ability to interpret large datasets and extract actionable insights

Excellent communication and interpersonal skills; able to articulate complex ideas clearly and concisely to a wide range of audiences

Results-driven and highly organised, with a track record of delivering high-quality work under pressure

Demonstrated initiative and ownership; able to work independently while collaborating effectively within cross-functional teams

Committed to continuous learning and professional development in a fast-paced, evolving market environment

Willing to go the extra mile to support team objectives and client needs



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.



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