Fixed Income Quant Developer (Associate or VP)

ING; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution in the UK is seeking a Quant Developer for the Fixed Income eTrading team. The successful candidate will bring to production cutting-edge algorithms and pricing logic. With strong skills in Java and experience in Rates trading, this role offers significant career potential and exposure to global trading teams. A degree in a quantitative subject is required along with at least three years of relevant experience. The company promotes innovation and a collaborative environment.

Qualifications

• 3 years of experience developing algorithms.
• Strong development skills in Java.
• Experience with Rates trading frameworks.

Responsibilities

• Responsible for bringing to production new algorithms and pricing logic.
• Lead client execution team.

Skills

Java

Algorithm development

Rates trading knowledge

Interest Rate derivatives

KDB+/Q

Education

Degree in quantitative subject

Tools

Python data science stack

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

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

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

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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