Credit Trader - AT1 European Financials

ING Group; City Of London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading global financial institution is seeking a Financials Credit Trader in London. The ideal candidate will have a minimum of 3 years of relevant experience and a strong understanding of Fixed Income products. Responsibilities include making competitive markets and managing risks to drive revenue. Join a dynamic team focused on innovation and performance in a fast-paced environment.

Qualifications

• At least 3 years of Financials credit trading experience.
• Good understanding of Fixed Income products.
• Ability to ingest large amounts of data under time pressure.

Responsibilities

• Make markets competitively and consistently to produce stable revenue.
• Meet pnl targets and ensure proper risk management.
• Trade in various markets (bonds/CDS).
• Identify opportunities to increase market share & product income.

Skills

Can do’ attitude

Positive mindset

Adaptability

Resilience

Attention to detail

Team player

Communication skills

Education

University degree in maths, finance, economics, or engineering

Advanced degree (post-graduate)

Tools

Excel

Word

PowerPoint

Python

Java

Job description

Department Overview:

Global Credit Trading team (“GCT”) is responsible for credit trading in Emerging Europe, Asia and European IG, Financials, 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. The candidate will be part of the European Financials Credit Trading desk EMEA within GCT - a 4 member team trading European Financials 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 Financials preferably AT1.

• Make markets competitively and consistently to the firm’s clients with the objective of producing stable sustainable revenue across the credit cycle.
• Meet pnl targets and ensure proper risk management.
• Provide cover and trade in other Financials 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), preferably maths/finance/economics/engineering subject.

Desirable:

• Advanced degree (post-graduate).

Experience/Knowledge

Essential:

• At least 3 years of Financials credit trading experience.
• Excel, Word and PowerPoint.
• Good understanding of Fixed Income products

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

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For us, success will only be achieved if we act with Integrity.

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