Equity Derivatives Trader - VP

ING Group; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

ING Group is seeking a Vice President with extensive experience in equity derivatives trading. The role involves managing risk, optimizing trading strategies, and collaborating with teams to enhance client offerings. The ideal candidate will have a strong understanding of the European equity derivatives market and a proactive approach to identifying opportunities.

Qualifications

• 5+ years of experience in trading equity derivatives.
• Strong understanding of derivative pricing and hedging strategies.
• Experience with volatility modelling and managing light exotic products.

Responsibilities

• Quoting and managing equity derivative positions for clients.
• Developing and implementing trading strategies for the portfolio.
• Collaborating with sales and risk management teams.

Skills

Trading equity derivatives

Derivative pricing

Hedging strategies

Volatility modelling

Risk management

Analytical skills

Communication skills

Interpersonal skills

Education

Degree in Finance or STEM

Job description

Department Overview:

ING is rapidly expanding its ambitions within Equity Derivatives with a strategic focus on its corporate clients. Our goal is to offer a comprehensive range of equity derivative solutions to our clients across the wholesale bank. We aim to create a digitalized, frictionless environment that supports our growth and enhances our clients' experience. We are seeking an experienced and commercially minded Vice President to help us achieve these ambitions.

Main Duties and Responsibilities of Role:
Key responsibilities:

• Quoting for clients and risk managing equity derivative positions.
• Work with senior traders to manage and grow the equity derivatives portfolio with emphasis on single stocks and solutions for our corporate clients.
• Collaborate closely with Sales, Risk Management and other stakeholders to deliver for our clients.
• Risk manage and monitor exposures from the portfolio and ensure adherence to internal risk limits and policies.
• Ensure that risk parameters are marked in an effective manner.
• Develop and implement trading strategies to optimise hedging of the portfolio.
• Help identify new opportunities and contribute to the ambitions of the equity derivatives business.

Candidate Profile

Experience/Knowledge

Essential:

• Experience (5y+) trading equity derivatives.
• Strong understanding of derivative pricing and hedging strategies.
• Experience with volatility modelling and managing light exotic products.
• Demonstrated ability to risk manage and produce consistent P&L.
• Working knowledge of European equity derivatives market.
• Degree holder in Finance or STEM subject.

Desirable:

• Experience with corporate equity derivatives and the relevant products and structures.
• Coding skills

Personal Competencies

Essential:

• Entrepreneurial spirit with a proactive approach to identifying and capitalizing on market opportunities.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• High level of integrity and professionalism.

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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