Head EM Credit Trading EMEA (D or MD)

ING; London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A major financial institution in London seeks a Head of EM Credit Trading to lead a team in the Emerging Markets sector. The ideal candidate will have over 10 years of credit trading experience and a solid track record in managing teams and achieving targets. Responsibilities include market-making in hard currency cash products and ensuring effective risk management. The role requires a strong understanding of fixed income products and the ability to work under pressure in a fast-paced environment.

Qualifications

• At least 10 years of Emerging Markets credit trading experience.
• Good understanding of fixed income products.
• Ability to digest large amounts of data under time pressure.

Responsibilities

• Head the EM Credit Trading desk EMEA leading a 5 member team.
• Make markets in Emerging Markets hard currency cash products.
• Lead the team in achieving pnl targets and ensure proper risk management.
• Trade in various markets including bonds/CDS.

Skills

Adaptability

Team Player

Positive Mindset

Communication Skills

Attention to Detail

Education

University degree (at least 2:1)

Tools

Excel

Word

PowerPoint

Python

Java

Job description

Department Overview:
Global Credit Trading team (“GCT”) is responsible for credit trading in Emerging Europe, Asia and European IG, Covered Bonds, HY and US IG. The group is an active market maker in hard currency credit and supports primary bond activity. Flow trading, credit analysis, pricing, structuring, execution, hedging, electronic/voice trading and distribution are key components of the business. The team interact daily with Sales, Research and DCM/Syndicate.

GCT aims to be at the front of the ongoing transformation in financial markets aided by data analytics and systematic trading. Successful candidates will be change leaders, with ambition to improve performance through the adoption of technology.

Main Duties and Responsibilities of Role:
GCT operates in a high paced environment and is looking for a candidate who can learn quickly and adapt to this fluid environment. The candidate will head the EM Credit Trading desk EMEA within GCT heading a 5 member team trading overall Emerging Markets in London and interact regularly with Sales, Syndicate, Research and Risk Management functions. Main markets are CEE, MENA, ex CIS, Turkey South Africa. It is essential that the candidate has a solid track record in trading Emerging Markets CEEMEA risk as he/she is expected to trade and provide leadership to this team.

• Make markets competitively and consistently in Emerging Markets hard currency cash products to the firm’s clients with the objective of producing stable sustainable revenue across the credit cycle.

• Lead the EM EMEA Credit Trading team in achieving pnl targets and ensure proper risk management.

• Provide cover and trade in other Emerging Market sectors covered at the desk

• Maintain an active trading style and provide market colour to clients, sales and DCM.

• Use and promote technology proactively

• Identify opportunities to increase market share & product income and execute initiatives to achieve it.

• Promote ING's Credit Trading franchise.

• Trade in various markets (bonds/CDS).

Candidate Profile

Qualification/Education

Essential:

• University degree (at least 2:1).

Experience/Knowledge

Essential:

• At least 10 years of Emerging Markets credit trading experience.

• Excel, Word and PowerPoint.

• Good understanding of fixed income products

Desirable:

• Coding Skills: Python, Java

Personal Competencies

Essential:

• Can do’ attitude, positive mind set, adaptability and resilience.

• Curious, entrepreneurial and innovative problem solver.

• Genuine team player.

• Clear, concise and transparent communicator.

• Disciplined, customer-focused and results-driven.

• Attention to detail and disciplined.

• Able to work under pressure and in a high-paced environment.

• Ability to ingest large amounts of data under time pressure.

• Accountable for own actions and able to learn from mistakes.

Desirable:

• Other languages

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