Senior Trader | Non-Linear Rates Trading Europe

Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player in our market leader and challenger markets, with an additional presence in all the major international markets and specialist expertise in selected emerging markets and products.

Your role

As Senior Non-Linear Rates Trader, you will work closely with the other Financial Markets Trading and Sales teams to deliver client solutions and efficiently manage the risks linked to that business. Working closely with the Quantitative Development team, you will also be actively involved in IT / Front-Office system developments to improve operational efficiency.

Non-Linear Trading & Structuring is a client driven business with the mandate to trade non-linear and combination products in Rates, Credit, and FX and create solutions for ING’s clients, including Private and Retail Banking, Corporates, and Financial Institutions.

Your key responsibilities

Reporting Line and Communication

• Report to the Trading Desk Head where clear and transparent communication is expected.

Pricing, Execution and Risk Management

• Provide correct and competitive pricing for requests to internal and external customers, trading specific non-linear rates products within the product mandate, the fixed limits and required risk profile of the desk.
• Autonomously manage major positions, including managing non-routine deals and deals that are difficult to price, with a view to contributing towards desk profit targets and creating customer loyalty.

Operational Efficiency

• Involvement in IT / Front-Office system developments as operational efficiency, including standardisation / automation, is key.
• Contribute to development of new products in a prioritised manner by working closely together with Front-Office Quants and Developers
• Be aware of key regulatory developments and, together with FM Regulatory / Legal teams as well as with Business Management, understand the possible impact to business as well as possible opportunities

Who we are looking for?

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.

As a Non-Linear Rates Senior Trader you will also need:

• Strong educational results, ideally in Civil Engineering, Physics, Commercial Engineering or equivalent degree
• Proven experience in similar trading role
• Market expertise in Non-Linear Rates business, including Cap/Floor and Swaption products as well as the more complex Bermudan and CMS linked products
• Fluent in spoken and written English
• Strong analytical background
• Effective team player with good interpersonal and communication skills
• Thinking out of the box
• Results-oriented and stress resistant
• Eye for detail and accurate in work

Rewards & benefits  

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions here.  

The benefits of working with us at ING include: 

• A salary tailored to your qualities and experience
• 36 or 40 hour workweek
• Individual leave: 24+2 individual holiday days based on 36 hr workweek
• Diversity leave: 3 days per year (1,5 paid, 1,5 unpaid)
• CSR days: up to 2 days per year to actively engage in society by volunteering
• 13th month salary
• 8% Holiday payment
• Individual Savings Contribution (BIS), 3.5% of your gross annual salary
• Mobility card
• Attractive pension scheme
• Hybrid working to blend home working for focus and office working for collaboration and co-creation
• Furthermore, within the Financial Markets department, you can count on a range of opportunities to invest in your personal and professional growth with:
• The possibility to participate in courses and trainings
• Challenging projects & a steep learning curve
• The possibility to participate in rotations within the team in other locations (e.g. Singapore and NY)

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.

About us 

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us and apply today!