Funding, Liquidity and Collateral Management- Associate

ING Group; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A major banking institution is seeking a Funding, Liquidity, and Collateral Management Associate in London. You will lead collateral negotiations, optimise processes, and perform in-depth analysis within a collaborative team. Required skills include experience in financial markets, advanced Excel and proficiency in VBA/Python. The role offers a dynamic work environment focused on client relationships and market strategies.

Qualifications

• Experience at a Trading, Risk, or XVA desk with strong understanding of financial markets.
• Advanced Excel modelling skills.
• Proficient in VBA/Python for workflow automation.

Responsibilities

• Act as SME for collateral queries and lead negotiations.
• Identify and implement optimisation opportunities.
• Perform daily reporting and analyse collateral metrics.

Skills

Collaboration skills

Analytical mindset

Communication skills

Technical presentation

Education

Bachelor's or Master's degree in a quantitative subject

Finance degree (desirable)

Tools

Excel

VBA

Python

Job description

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

• 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:

• 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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