Equity Derivatives Trader (VP or Director)

ING; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading financial institution in the UK is seeking an experienced Director or Vice President for its Equity Derivatives team. The ideal candidate will have extensive knowledge of equity derivatives trading and the ability to manage complex corporate trades, ensuring robust pricing and hedging strategies. Responsibilities include quoting for clients, risk management, and collaborating with Risk Management. This role involves mentoring junior members and requires strong analytical skills and integrity.

Qualifications

• Proven ability to manage corporate trades with embedded optionality.
• Strong analytical and problem-solving skills required.
• Excellent communication and interpersonal skills needed.

Responsibilities

• Quoting and risk managing equity derivative positions.
• Managing complex corporate trades ensuring accurate pricing.
• Designing tailored hedging strategies for clients.
• Collaborating closely with Risk Management for compliance.
• Focusing on operational and execution risk control.

Skills

Deep equity derivatives trading knowledge/experience

Managing and mentoring more junior members

Strong understanding of derivative pricing

Experience with volatility modelling

Degree in Finance or STEM subject

Education

Degree 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.

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