Credit Trader AT1 European Financials

ING; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A major financial institution in Greater London is seeking an experienced credit trader to join its Global Credit Trading team. The role involves making markets and providing insights in Financials trading, requiring at least 3 years of experience and strong analytical skills. Ideal candidates will have a university degree in a relevant field, proficiency in Excel, and the ability to thrive under pressure. This position offers a dynamic work environment in a collaborative and innovative culture.

Benefits

Work-life balance

Diversity and inclusion initiatives

Qualifications

• At least 3 years of Financials credit trading experience.
• Good understanding of Fixed Income products.
• Genuine team player with a positive mindset.

Responsibilities

• Make markets competitively and consistently to produce sustainable revenue.
• Meet pnl targets and ensure proper risk management.
• Identify opportunities to increase market share.

Skills

Trading Financials

Communication

Problem Solving

Attention to Detail

Adaptability

Education

University degree in maths/finance/economics/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

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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