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Junior Trader - XVA Pricing

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ING

Aug 7, 2024

Applications are closed

  • Job
    Full-time
    Entry Level
  • Amsterdam

Requirements

  • A master degree in mathematics, applied sciences or engineering
  • To be fluent in English
  • Proven knowledge about XVA with a previous experience in Quants, Trading, Structuring or Risk Management
  • Proven knowledge in VBA / Python programming
  • Proven knowledge and experience working with clients
  • The ability to take risk decisions under pressure and maintain the highest level of accuracy in performing the relevant tasks
  • To have a proactive behaviour with perpetual energy and drive to improve performance
  • To be a genuine team player with good interpersonal and communication skills

Responsibilities

  • Price XVA and PFE of all FX, IR, Commodity and Equity trades
  • Implementation and automation of new tools in VBA and Python
  • Interaction with the global Sales franchise to explain XVA and come up with new trading ideas
  • Day to day reconciliation and checks of the XVA positions
  • Monthly charging of the XVA to Trading desks
  • Work closely with all stakeholders (Quants, IT, Risk, Finance, ...) to improve the XVA reporting

FAQs

What is the main focus of the Junior Trader - XVA Pricing role?

The main focus of the role is to price and manage Credit, Funding, Liquidity, and Credit Capital costs within the Financial Markets, as well as to take over counterparty-related risks from Trading Desks.

What qualifications are required for this position?

A master's degree in mathematics, applied sciences, or engineering is required.

Is prior experience in trading or risk management necessary?

Yes, proven knowledge about XVA with prior experience in Quants, Trading, Structuring, or Risk Management is necessary.

Which programming languages should candidates be proficient in?

Candidates should have proven knowledge in VBA and Python programming.

What kind of working environment can candidates expect?

Candidates can expect a dynamic international working environment with innovative colleagues, operating in a high-paced and rapidly changing market.

Are there opportunities for personal and professional growth?

Yes, there are opportunities to participate in courses and trainings, and candidates can expect a steep learning curve through challenging projects.

What are the key responsibilities associated with this role?

Key responsibilities include pricing XVA and PFE of trades, implementing and automating tools, interacting with the global Sales franchise, and conducting monthly charging of XVA to Trading desks.

What personal qualities are desired in a candidate?

Desired qualities include being collaborative, proactive, having good interpersonal and communication skills, and the ability to take risk decisions under pressure.

In which location is the dealing room based for this position?

The dealing room for this position is based in Amsterdam.

What type of work schedule is offered?

A 40-hour working week is offered for this position.

What level of fluency in English is required?

Candidates must be fluent in English.

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.