Financial Markets | Trading | Non-Linear/Interest Rates Options Trader, VP | 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:
ING is looking for a Non-Linear/Interest Rates Options trader to join the ING NY Financial Markets division as a Vice-President reporting to the Trading Desk Head. The mandate will be to trade non-linear products across Rates, Credit and FX products to create solutions for ING’s clients including Corporates and Financial Institutions. Working closely with the Quantitative Development team, you will be actively involved in I.T/Front-office system developments to improve operational efficiency.
About the department:
ING New York Financial Markets delivers financial products to our Corporate and Financial Institutional clients in a way that is superior while resulting in strong business results.
Responsibilities :
- Structuring, pricing and execution of structured deals & solutions required by corporate clients, financial institutions and private investors in collaboration with the structuring colleagues, the various trading desks, the quant team and the global sales teams
- Provide competitive pricing, trading non-linear rates products within the product mandate, the fixed limits and required risk profile of the desk
- Generating ideas and opportunities for new and existing clients through research, financial models and industry analysis
- Establish and maintain regular contact with the sales, relationship managers and other ING businesses with a view to identifying business opportunities and enhancing Structured Products business with them
- Attend to the risk monitoring of transactions, with a view to contributing towards desk profit targets and creating customer loyalty
- Contribute to the development of new products by working closely together with Front-Office Quants and Developers
- Be aware of key regulatory developments together with FM Regulatory / Legal teams and with Business Management, understand the possible impact to business as well as possible opportunities.
Qualifications and Competencies
- Bachelor’s degree in Math, Engineering, Physics, Economics, Business or closely-related quantitative field from an accredited U.S school (or equivalent)
- Minimum of 5 years of relevant markets experience
- Coding knowledge: VBA & Python
- Market expertise in Non-Linear Rates products, including Cap/Floor, Swaption products, Bermudan Callable, Callable Range Accrual, Callable CMS Spread Option, and other Non-Linear Rates products would be an added advantage
- In depth understanding of interest rate & credit derivatives from a structuring, pricing and documentation point of view
- Series 7, 63 registrations required
Salary Range $230,000-$270,000
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.
Skills Required
- Minimum 5 years of relevant markets experience
- Bachelor's degree in Math, Engineering, Physics, Economics, or a closely-related quantitative field
- Coding knowledge in VBA & Python
- Market expertise in Non-Linear Rates products
- Series 7, 63 registrations
What We Do
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
