Desk Head Euro HY Credit Trading (Director)

TN United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dynamic Desk Head for Euro HY Credit Trading in London. This pivotal role involves leading a small team and collaborating with Sales and Research to enhance market share and support client activities. Candidates should have extensive experience in European High Yield credit trading and a solid understanding of CDS products. The position emphasizes proactive engagement with new technologies and data analytics to drive market transformation. Join a forward-thinking organization that values independence, collaboration, and innovation, and take your career to the next level in a fast-paced environment.

Qualifications

• 5+ years of experience in European High Yield credit trading required.
• Must have a good understanding of CDS products.

Responsibilities

• Provide liquidity to clients to generate stable revenue.
• Identify opportunities to expand market share.

Skills

European High Yield credit trading

CDS products knowledge

Communication skills

Customer-focused attitude

Ability to work under pressure

Education

University degree (minimum 2:1)

Job description

Job Title: Desk Head Euro HY Credit Trading (Director), London

Client: ING

Location: London, United Kingdom

Job Category: Finance

EU work permit required: Yes

Job Reference: 6ab1c9e52d88

Job Views: 8

Posted: 26.04.2025

Expiry Date: 10.06.2025

Job Description:

Department Overview:

The Global Credit Trading team (“GCT”) handles credit trading across Emerging Europe & Asia, European IG & HY, and US IG. The desk acts as a market maker in hard currency credit, supporting primary bond activity with flow trading, credit analysis, pricing, structuring, execution, hedging, electronic/voice trading, and distribution. The team collaborates daily with Sales, Research, and DCM/Syndicate.

The focus is on facilitating client activity in corporate and sovereign bonds, acting as a market maker in bonds across regions, and engaging in credit derivatives.

GCT aims to lead in financial market transformation, emphasizing data analytics and algorithmic trading, with candidates expected to be proactive in adopting new technologies.

Main Duties and Responsibilities of Role:

GCT seeks a leader for a 2-member team trading European HY. The role involves working closely with team members and regularly interacting with Sales, Research, and Risk Management.

• Provide liquidity to clients to generate stable revenue.
• Support DCM on secondary market liquidity and pricing.
• Identify opportunities to expand market share and promote ING's Credit Trading franchise.
• Understand credit research and develop credit views on issuers.

Training and autonomy will be provided, along with a development plan for career growth.

Candidate Profile

Qualification/Education:

University degree (minimum 2:1).

Experience/Knowledge:

• At least 5 years of European High Yield credit trading experience.
• Good understanding of CDS products.
• Positive attitude, adaptability, resilience.
• Clear and transparent communication skills.
• Disciplined, customer-focused, results-driven.
• Ability to work under pressure in a fast-paced environment.
• Accountability and willingness to learn from mistakes.
• Must pass all regulatory exams.

At ING, our purpose is to empower people to stay a step ahead in life and business. We foster a culture of independence, collaboration, and innovation, guided by our Orange Code values of honesty, prudence, responsibility, and proactive behavior. We value diversity and promote work/life balance, judging performance in line with our core principles.