Fixed Income Quant Developer (Associate or VP)

ING Group; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in London is seeking a Quant Developer to join its Fixed Income eTrading team. The successful candidate will be responsible for developing production algorithms and pricing logic with a strong focus on interest rate derivatives. This role requires at least 3 years of relevant experience and strong skills in Java. Opportunities for career progression are available within the eTrading functions.

Benefits

Collaborative culture

Career progression opportunities

Diverse work environment

Qualifications

• 3 years’ experience developing algorithms.
• Strong development skills in Java.
• Experience in pricing and algorithmic trading.

Responsibilities

• Develop and bring to production algorithms and pricing logic.
• Collaborate with trading teams for execution.

Skills

Algorithm development

Java

Rates trading frameworks

Interest Rate derivatives

Python

Education

Degree in quantitative subject (Maths, Physics, Computer Science, Engineering)

Tools

KDB+/Q

Low latency frameworks

Job description

Department Overview

The Financial Markets (FM) landscape is rapidly going through a process of digitisation, at the core of which is eTrading. eTrading at ING covers all products traded in ING FM. These span from the very liquid and electronic products (cash equities, futures, commodities and FX), Fixed Income products (corporate and government bonds) which are in the process of becoming electronic due to balance sheet reduction and regulation, to the less liquid and less electronic derivative products. Data is core to eTrading and eTrading also covers the data and business intelligence strategy.

Fixed income eTrading sits inside financial markets trading and comprises of a team of developers and quants.

Main Duties and Responsibilities of Role

The Quant Developer will be part of the Fixed Income eTrading team and will be responsible for bringing to production the new generation of algorithms and pricing logic at ING.

Career Potential

• Strong exposure to trading teams in London but also other global FM trading locations;
• Exposure to other global ING eTrading teams;
• Scope for career progression within eTrading and trading functions.
• Lead INGs client execution team

Candidate Profile

Qualification/Education

• Degree in quantitative subject e.g. Maths, Physics, Computer Science or Engineering

Experience/Knowledge

Essential:

• 3 years’ experience developing algorithms;
• Strong development skills (Java);
• Experience with Rates trading frameworks
• Experience in pricing and algorithmic trading of Interest Rate derivatives and Bonds

Desirable:

• Experience with Python data science stack and KDB+/Q
• Understanding of Fixed Income pricing and risk, yield curve modelling
• Code integration with vendors such as ION/Broadway and D2C markets
• Low latency frameworks and protocols e.g., FIX, Aeron, LMAX, pub-sub, messaging buses etc

Personal Competencies

Essential:

• Hands-on mentality;
• Ability to deliver without supervision;
• Creative learning and thinking, passion for technology;
• Proactive behaviour and perpetual energy and drive to improve performance;
• Challenger of the status quo, always striving to do things more efficiently and effectively;
• Genuine team player.

Desirable:

• Customer and product focus;
• Clear, concise and transparent communicator.

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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