EM Credit Trader

Department Overview:

Global Credit Trading team (“GCT”) is responsible for credit trading in Emerging Europe, Asia and European IG, Covered Bonds, HY and US IG. The group is an active market maker in hard currency credit and supports primary bond activity. Flow trading, credit analysis, pricing, structuring, execution, hedging, electronic/voice trading and distribution are key components of the business.

The team interact daily with Sales, Research and DCM/Syndicate.

GCT aims to be at the front of the ongoing transformation in financial markets aided by data analytics and systematic trading. Successful candidates will be change leaders, with ambition to improve performance through the adoption of technology.

Main Duties and Responsibilities of Role: 
GCT operates in a high paced environment and is looking for a candidate who can learn quickly and adapt to this fluid environment while delivering the value of their experience in the market and demonstrating the ability to generate PL. The candidate will be part of the EM Credit Trading desk within GCT and work closely with 4 other team members trading EM CEEMEA Credit in London and interact regularly with Sales, Syndicate, Research and Risk Management functions. It is essential  that the candidate has a solid track record in trading Emerging Markets CEEMEA risk as he/she is expected to start trading straight away.

• Make markets competitively and consistently in Emerging Markets hard currency cash products to the firm’s clients with the objective of producing stable sustainable revenue across the credit cycle. Ideally the coverage will include CEE sovereigns and corporates or MENA sovereigns and quasi-sovereigns, but there is a fair amount of flexibility within the desk in terms of the traded names, as we are looking for a successful trader rather than a coverage person. 

• Provide back up cover and trade in other Emerging Market sectors covered at the desk

• Maintain an active trading style and provide market colour to clients, sales and DCM.

• Use and promote technology proactively

• Identify opportunities to increase market share & product income and execute initiatives to achieve it.

• Promote ING's Credit Trading franchise.

• Trade in various markets (bonds/CDS).

Candidate Profile

Qualification/Education 

Essential:     

• University degree (at least 2:1).

Desirable:

• University degree from a top university most likely in a maths/finance/economics/engineering subject

• Advanced degree (post-graduate). 

Experience/Knowledge

Essential:

• At least 5 years of Emerging Markets credit trading experience. Preference to the candidates with CEE or MENA trading experience. 

• Good understanding of fixed income products 

• Experience in managing the book’s risk with related products (CDS, interest rates proxies)

Desirable:

• Coding Skills: Python, Java 

Personal Competencies

Essential:

• Can do’ attitude, positive mind set, adaptability and resilience.

• Curious, entrepreneurial and innovative problem solver.

• Genuine team player.

• Clear, concise and transparent communicator.

• Disciplined, customer-focused and results-driven.

• Attention to detail and disciplined.

• Able to work under pressure and in a high-paced environment.

• Ability to ingest large amounts of data under time pressure.

• Accountable for own actions and able to learn from mistakes.

Desirable:

• Other languages