Repo Trader - Associate / VP

ING Services Limited, London; Greater London; On-site; GBP 90,000 - 140,000; Full time

Benefits offered by this job

Private medical and health cover

Pension scheme and life assurance

Generous annual leave

Employee assistance programme

Job summary

ING is seeking a Trader – Associate/VP for its London Fixed Income Repo desk. The role involves hands-on trading across UK Gilts and repo markets, developing hedging strategies, and coordinating with Global Securities Finance to optimize funding and risk controls.

You will work with a small team in London, collaborating with Sales and global desks to shape desk strategy, manage risk, and drive electronic trading initiatives.

Qualifications

• Master’s degree or equivalent experience.
• Fluency in English and a strong quantitative mindset.
• Knowledge of pricing methods and risk analysis.
• Strong knowledge of repo trading products, including securities lending.
• Knowledge of short‑term interest‑rate products is preferred.
• Alertness and judgement to respond quickly to changing market conditions and volatility, with a collaborative solutions-focused approach.

Responsibilities

• Trade daily flow across UK Gilts, developed-market and emerging-market repo, as well as securities-lending structures.
• Develop and execute cross-currency hedging strategies while optimising funding across the books.
• Manage activity in line with credit risk, market risk, balance-sheet and regulatory requirements in London.
• Partner with internal stakeholders to support the development of electronic platform trading and coordinate with the existing client franchise.
• Take ownership of ongoing risk analysis, identifying and evaluating trading opportunities and structures across currencies.
• Assess external trends, market information and regulatory developments, and plan for their impact.

Skills

Fluent English

Quantitative mindset

Pricing methods

Risk analysis

Repo trading knowledge

Short-term rates knowledge

Adaptability to changing markets

Collaborative/solutions-focused

Education

Master’s degree

Job description

Repo Trader – Associate / Vice President - London

Join ING’s London Fixed Income Repo desk in a hands‑on trading role with early responsibility. You will help shape the strategy and growth of the desk while working closely with Financial Markets Sales colleagues across our global network. The team Financial Markets is ING’s gateway to professional markets around the world. It serves clients with products, services and guidance, with a presence in major international markets and specialist expertise across selected emerging markets and products. You will join the London Fixed Income Repo desk within Global Securities Finance, working in a team of four traders. The role offers close collaboration with Financial Markets Sales colleagues globally.

Roles and responsibilities

In this role, you will:

• Trade daily flow across UK Gilts, developed-market and emerging-market repo, as well as securities‑lending structures.
• Develop and execute cross‑currency hedging strategies while optimising funding across the books.
• Manage activity in line with credit risk, market risk, balance‑sheet and regulatory requirements in London.
• Partner with internal stakeholders to support the development of electronic platform trading and coordinate with the existing client franchise.
• Take ownership of ongoing risk analysis, identifying and evaluating trading opportunities and structures across currencies.
• Assess external trends, market information and regulatory developments, and plan for their impact.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious, keep learning and take on responsibility. In return, we’ll support you in developing into an even more accomplished version of yourself.

Requirements

• A master’s degree, or equivalent experience.
• Fluency in English and a strong quantitative mindset.
• Knowledge of pricing methods and risk analysis.
• Strong knowledge of repo trading products, including securities lending.
• Knowledge of short‑term interest‑rate products is preferred.
• The alertness and judgement to respond quickly to changing market conditions and volatility, combined with a collaborative and solutions‑focused approach.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life https://careers.ing.com/en/UKHome

• Comprehensive health cover, including private medical, dental, vision, health screening and in‑person GP appointments
• Generous pension scheme and financial protection, including life assurance, income protection, access to pension guidance and will writing services, and an interest‑free season ticket loan
• Generous annual leave, with the option to purchase additional days and time off for key life events
• Wellbeing and family support, including an Employee Assistance Programme, back‑up child and elder care, enhanced family leave policies and support coaching for new parents
• Lifestyle benefits such as electric vehicle and cycle to work schemes, an on‑site gym and access to on‑site staff restaurant and barista coffee facilities
• Opportunities for personal and professional growth through mentoring, learning, short‑term assignments and international career development
• Opportunities to build strong connections through volunteering, employee forums and social clubs

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About us

Curious about how ING empowers people and businesses to move forward? Discover what we do and what we can offer you.

We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem‑solvers, and forward‑thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations!