Repo Trader - Associate / VP

ING; Greater London; Hybrid; GBP 180,000 - 240,000; Full time

Benefits offered by this job

Hybrid working

Health cover

Pension scheme

Remote work up to 30 days abroad

Life assurance

Employee assistance

Job summary

ING is recruiting for a Repo Trader – Associate / Vice President in London. You will trade daily flow across UK Gilts, repo and securities lending, shaping the desk’s strategy and growth in collaboration with Sales colleagues globally.

The role requires a master’s degree or equivalent, strong English and quantitative mindset, and solid knowledge of pricing, risk analysis and short-term rate products. Hybrid working with opportunities for international exposure are offered.

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 judgment to respond quickly to changing market conditions and volatility, with a collaborative approach.

Responsibilities

• Trade daily flow across UK Gilts, developed-market and emerging-market repo, and 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 electronic platform trading and coordinate with client franchise.
• Take ownership of ongoing risk analysis, identifying and evaluating trading opportunities and structures across currencies.
• Assess external trends and regulatory developments and plan their impact.

Skills

Fluency in English

Quantitative mindset

Pricing methods

Risk analysis

Repo trading products

Securities lending

Short-term interest-rate products

Collaboration

Market awareness

Education

Master’s degree or equivalent experience

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.

• 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

The benefits of working with us at ING include:

• 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
• Hybrid working and flexibility to work remotely for up to 30 days abroad
• 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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