Treasury Trader, Liquidity Management & Money Markets Director

ING Group; New York (NY); Hybrid; USD 216,000 - 273,000; Full time

Job summary

ING Group is seeking a Director for Treasury Trading focused on Liquidity Management and Money Markets in NYC. The successful candidate will manage liquidity through issuing Commercial Paper, overseeing Repo markets, and ensuring effective cash management strategies. This senior role requires extensive experience in Treasury operations, proficiency in financial applications, and strong analytical capabilities. Competitive compensation and comprehensive benefits offered.

Benefits

Comprehensive health benefits

401k savings plan

Competitive PTO

Adoption and surrogacy services

Student debt assistance

Commuting and fitness subsidies

Qualifications

• 10+ years of work experience in Treasury, Liquidity, or Operations within a bank.
• Must hold Series 7 and 63 licenses or obtain within three months.
• Experience in Repo markets and issuance of Commercial Paper.

Responsibilities

• Execute daily Treasury liquidity management and funding activities.
• Review daily cash flow and manage intraday liquidity.
• Monitor Liquidity Management P&L.

Skills

Analytical skills

Organizational skills

Communication skills

Tools

Microsoft applications

Python

SQL

VBA

Anvil

Murex

Job description

Group Treasury | Treasury Trader- Liquidity Management and Money Markets, Director | NYC

About ING:

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

We are seeking a highly motivated and detail-oriented experienced professional to join the Group Treasury at ING Americas. This person will be active in trading Commercial Paper and Repo markets and be involved with the day to day functioning of the liquidity management desk. Person should be familiar with daily cash forecasting and collateral management and be Series 7 and 63 licensed.

Group Treasury at ING Americas is responsible for the managing and monitoring of ING’s capital, funding and liquidity positions both in business-as-usual and stress situations.

The GT function organizes risk and funding transfers from the business lines to the Group Treasury books, by taking funding from both the local market and from Group funding. They manage all associated interest rate, FX and liquidity risks through the usage of interest rate and FX derivatives. Furthermore the GT is responsible for advising the business lines on pricing and potential balance sheet risks of lending and deposit products

Responsibilities :

The candidate will be responsible for executing daily Treasury liquidity management and funding activities including:

• Issuing US Commercial Paper and management of liquidity gaps,
• Execute US Treasury and Mortgage Backed Securities repo on multiple dealer platforms,
• Review daily cash flow and working closely with cash management support to manage intraday liquidity,
  • Price and execute various USD and non-USD daily funding activities for our internal commercial business needs,
• Monitor Non-USD funding needs and source funds from Head Office to meet those needs on a timely basis,
• Work closely with Risk Management in managing the monthly term funding profile and assist in Liquidity Coverage Ratio (LCR) management,
• Monitor Liquidity Management P&L.

Qualifications and Competencies

• 10+ years of work experiences in Treasury, Liquidity or Operations within a bank or financial institution
• Must hold Series 7 and 63 licenses or obtain them within three months of onboarding.
• Experience in issuance of Commercial Paper and/or Certificates of Deposit
• Experience in Repo markets
• Excellent analytical, organizational and communication skills
• Anvil & Murex experience is a plus
• Proficient in Microsoft applications
• Knowledge in Python and/or SQL/VBA preferred

Salary Range $216,000-$273,000

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.