Equity Derivatives Trader (VP or Director)

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

Job summary

A leading financial institution in the UK is looking for an experienced Director or Vice President to help expand its Equity Derivatives team. The role requires deep trading expertise, excellent analytical skills, and the ability to manage complex corporate trades. Candidates should hold a degree in Finance or a STEM subject and possess a proactive, entrepreneurial spirit. The position emphasizes collaboration, integrity, and fostering a diverse workplace culture, making it essential for candidates to contribute to a supportive environment.

Benefits

Work/life balance

Collaborative culture

Diversity and inclusion focus

Qualifications

• Experience with volatility modelling and managing light exotic products.
• Managing and mentoring more junior members of a team.

Responsibilities

• Quoting for clients and risk managing equity derivative positions.
• Manage complex corporate trades ensuring accurate pricing and robust hedging.
• Contribute to managing and growing the equity derivatives portfolio for corporate clients.
• Collaborate closely with Risk Management to ensure adherence to risk limits.
• Design tailored hedging strategies to meet client objectives.
• Act as the subject matter expert for corporate equity derivative trading.

Skills

Deep equity derivatives trading knowledge/experience

Strong analytical and problem-solving skills

Excellent communication and interpersonal skills

Ability to work independently and as part of a team

Strong understanding of derivative pricing and hedging strategies

Entrepreneurial spirit with a proactive approach

Education

Degree holder in Finance or STEM subject

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 Director or Vice President to help us achieve these ambitions.

Candidate Profile

Experience/Knowledge

• Deep equity derivatives trading knowledge/experience
• Managing and mentoring more junior members of a team
• Strong understanding of derivative pricing and hedging strategies.
• Experience with volatility modelling and managing light exotic products.
• Degree holder in Finance or STEM subject.

Personal Competencies

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

Main Duties and Responsibilities of Role:

• Quoting for clients and risk managing equity derivative positions.
• Ability to manage complex corporate trades with embedded optionality, ensuring accurate pricing and robust hedging strategies such as share buybacks, collars, forwards, and Total return swaps.
• Contribute to managing and growing the equity derivatives portfolio with emphasis on single stocks and solutions for our corporate clients.
• Collaborate closely with Risk Management and Product Control to ensure strict adherence to risk limits and governance.
• Design and implement tailored hedging strategies that optimise the portfolio and meet client objectives.
• Strong focus on operational and execution risk control for large corporate transactions, acting as the desk’s subject matter expert for corporate equity derivative trading.
• Work closely with Client Solutions Group to deliver seamless execution of corporate mandates, translating client requirements into efficient trading strategies.
• Work with senior traders to manage and grow the equity derivatives portfolio with emphasis on single stocks and solutions for our corporate clients (VP only)

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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