at ING Bank
OtherPosted 10 days ago
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The Financial Markets Product Controller will join ING's Product Control team in Amsterdam, supporting several trading desks in Financial Markets (FM). The role focuses on measuring and analyzing daily P&L and risk, understanding market drivers, P&L explain, valuations and risk exposures, and ensuring an effective control environment. Key responsibilities include producing P&L and risk reports, validating valuations, following up on limit breaches, and driving front-to-back process understanding and system improvements, including regulatory projects and SOX compliance. You will collaborate with Front Office and participate in global initiatives such as Valuation Risk, Financial Markets Enhancement, Market Data Roadmap, and BCBS 239, while liaising with auditors as needed.
- Compensation
- Not specified
- City
- Amsterdam
- Country
- Netherlands
Currency: Not specified
Full Job Description
As a Product Controller, you will join 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 and 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
In this role, you will:
Produce accurate and timely daily P&L and risk reports.
Provide clear commentary explaining P&L movements and market dynamics.
Understand P&L drivers, product characteristics, and the risk profile of trading strategies.
Follow up on limit breaches with traders and apply appropriate challenge.
Develop a strong understanding of front-to-back processes, system architecture, and support business changes (e.g., new product approvals).
Ensure an effective and efficient control environment, including SOX compliance.
Reduce reliance on End User Computing (EUC) tools by embedding controls into systems.
Validate valuations and valuation parameters (price testing, valuation adjustments, reserves, Fair Value reporting, Day One P&L).
Engage actively with Front Office as a business partner to discuss market developments and business initiatives.
Participate in global projects such as Valuation Risk, Financial Markets Enhancement (FME), Market Data Roadmap, and BCBS 239.
Support system enhancements for Position Keeping, Deal Capture, and downstream reporting.
Liaise with internal and external auditors when required.
How to succeed
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 in Finance, Accounting, Economics, Mathematics, Engineering, or a related field.
Minimum of 2 years experience with financial products at a bank or financial institution.
Strong financial product knowledge and solid mathematical foundation.
Preferably an accounting background (e.g., audit or accountancy practice).
Strong communication skills, attention to detail, and ability to summarize complex concepts.
Team player able to collaborate across functions and regions.
Ability to understand the business perspective of Front Office projects.
Flexible and adaptable mindset.
Fluency in English.
Programming experience (VBA, Python, etc.) is a strong advantage.
Rewards and benefits
We want to make sure that its 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
Curious about how ING empowers people and businesses to move forward?
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.
