Fixed Income Repo Trader, Director

Financial Markets | Trading | Fixed Income Repo Trader, Director | New York City

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:

The Director of Fixed Income Repo Trading will trade U.S. Government bonds within the Global Securities Finance team. This role involves managing a large trading book, driving revenue growth, and helping shape strategic initiatives for liquidity and funding optimization. The successful applicant will have a very strong knowledge of US Treasury trading and impressive background in the US rates markets, with a proven track record.

Responsibilities :

• Trading & Risk Management:
  • Manage a significant repo trading book, ensuring profitability and adherence to risk limits.
  • Execute repo and reverse repo transactions across U.S. Treasuries, Agency Mortgage-Backed Securities, and High-Grade Credit.
  • Monitor risk metrics (LCR, VaR, RWA) and optimize balance sheet usage.
  • Utilize short term interest rates as trading opportunity and hedging strategy.
    
• Strategic Application:
  • Develop and implement strategies to expand the repo franchise and enhance market share.
  • Anticipate client demand and structure large, complex trades to meet liquidity needs.
  • Collaborate to grow the platform and FICC sponsored trading.
• Client & Stakeholder Engagement:
  • Build and maintain relationships with hedge funds, asset managers, custodial banks, money market participants, and corporate clients.
  • Collaborate with Sales, Research, Treasury, and Funding teams to deliver integrated solutions.

• Governance & Compliance:
  • Ensure adherence to internal policies, regulatory requirements, and governance standards.
  • Partner with Legal, Compliance, and Risk teams to maintain robust control frameworks.
• Team Development:
  • Mentor junior traders and foster a culture of collaboration, innovation, and responsible risk-taking.

Qualifications and Competencies

• Education & Licensing:
  • Bachelor’s degree in Finance, Economics, or related field; MBA preferred.
  • FINRA Series 7 and 63 required; Series 24 strongly preferred.
• Experience:
  • Minimum 8–10 years of repo trading experience.
  • Demonstrated track record of revenue growth and risk management in U.S. Government repo markets.
• Skills:
  • Expansive knowledge of fixed income repo markets, collateral management, and short-term interest rates. 
  • Strong quantitative and analytical skills; familiarity with Python, SQL, and risk modeling preferred.
  • Excellent negotiation and communication skills.
  • Strong team collaboration skills.

Salary Range $275,000-$325,000

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.