Violations Management Officer

3 weeks ago


Makati City, National Capital Region, Philippines ING Full time

Financial Markets - Counterparty Credit Risk Management (Violations Management)

You will be part of the Risk Services, a Center of Expertise within COO Risk responsible for a variety of Risk services. Amongst others, Risk Services is responsible for violation management ensuring timely processing of limit violations on financial market deals in the Global Risk Systems. These violations need to be investigated and explained by relevant front office staff and risk management.

You will need to understand and be familiar with the concept of financial markets products and limits in use within ING. Furthermore, you need knowledge and understanding of concepts such as netting, collateralization and risk measurement. Finally, you require knowledge of front office and risk infrastructure and systems

If you are good at:


• Analyzing deals/exposure and to identify the purpose of each banking products along with the impact to each lines


• Investigating and commenting on all types of violations and set relevant status in the system within the agreed timelines


• Inspecting local portfolio daily and providing weekly, monthly and quarterly report for violations committed and provide comment


• Contacting trader (and manager) for unapproved violations (i.e. technical violation, true violation, violation with pre-approval, policy violation and/or material violation)


• Contacting BPS if the risk management systems did not reflect approved limits correctly


• Looking for trends and patterns and optimizing of service

If you can:


• Provide detailed and comprehensive support/expertise to a specific area of the business by taking on responsibility for tasks of an organizational, process or operational nature.


• Deliver within a broad and integrated environment, high-quality (custom) solutions for the processing of standard products/files.


• Be considered as a specialist in a number of processes/products (high risk related) and work on a day-to-day basis in an environment of a medium level of complexity with minimal supervision.

If You Are:


• A graduate of Bachelor's Degree or Master level of any relevant course


• Knowledgeable on banking products to be able to perform responsibilities given


• Knowledgeable and has working experience on (credit) risk and financial markets concepts and products, policies and systems, such as Vantage (Approval Package, ACR, Library, GRID), SaySo, Summit, Murex, ANVIL, Reuters and EBS


• Interested to work in a dynamic environment and are comfortable to liaise with senior business users to come to the right solution or answers


• Service-minded with the passion to help others


• Not afraid to stand out of the crowd and dare to speak up


• Focused on creating value and not afraid to challenge the status quo


• Able to communicate your analyses, ideas, results and thoughts is essential


• Able to work under pressure and meet tight deadlines



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