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Internship

Trading Risk Internship Programme (12 months)

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ING

11d ago

🚀 Off-cycle Internship

London

AI generated summary

  • You must have a university degree in Finance/Economics, excel proficiency, interest in financial markets, and strong analytical and communication skills. Familiarity with programming languages is a plus. Ability to challenge stakeholders and work independently is essential.
  • You will be responsible for reporting P&L and Risk for a trading desk, analyzing market developments, validating Value at Risk, managing reconciliation breaks, and contributing to projects like Stress Testing and Initial Margining.

Off-cycle Internship

Banking & FinanceLondon

Description

  • Trading Risk Management (TRM) London is team of more than 70 people supporting all Financial Markets businesses. TRM is responsible for Market Risk, Product Control, IPV, Counterparty Risk Measurement. Market risk looks at the movement in market parameters, such as interest rates, credit spreads and FX rates. Counterparty Credit risk assesses the risk by counterparty. The department’s core activity is measuring and analysing the financial risks of the trading desks as well as the day-to-day profit and loss generated by traders. This requires close liaison with front office traders.

Requirements

  • Qualification/Education:
  • Essential: progress towards a university degree (at least 2:1) in Finance/Economics or other relevant quantitative field. Strong A-level results.
  • Experience/Knowledge:
  • Essential:
  • Highly competent with Microsoft Office programs, specifically Excel.
  • Strong interest in financial markets.
  • Desirable:
  • Programming skills (familiarity with VBA, SQL, Python, C++ would be a plus).
  • Personal Competencies:
  • Essential:
  • Delivery focused with strong analytical skills.
  • Good verbal and written communication skills.
  • Organised and detail orientated.
  • Approachable and willing to challenge different stakeholders, such as front office, higher management and other support functions.
  • Energetic, creative, able to work independently and take the initiative to drive value in the Agile way of working.

Education requirements

Currently Studying
2:1 or higher

Area of Responsibilities

Banking & Finance

Responsibilities

  • Reporting of the P&L and Risk for a specific trading desk.
  • P&L reporting includes: confirmation of full trade coverage with reconciliation breaks appropriately managed; explanation of the P&L.
  • Risk reporting includes: Value at Risk reporting and validation of the computation through full trade coverage validations and market data checks; sensitivity reporting and limit checking.
  • Developing a deep understanding of the products and markets covered by the trading desk.
  • Discussing results / market developments with the trader.
  • Pro-actively looking for risks / market development / control issues that are not covered by standard reporting.
  • Analyse counterparty exposure metrics, such as Potential Future Exposure.
  • Contribute to project supporting the following: Stress Testing, Initial Margining, capital calculations, ING funding requirements.

Details

Work type

Full time

Work mode

office

Location

London