Front Office Quant - Credit Derivatives

Your work environment

Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player in our market leader and challenger markets, with an additional presence in all the major international markets and specialist expertise in selected emerging markets and products.

Your role
The FM Quants team is a global team within the FM organization that provides quantitative expertise required to price and risk-manage derivatives products. Its main responsibilities are in the areas of model development, analytics and implementation into our Front Office systems.

ING is looking for a Front Office Quant specializing in the development and implementation of pricing and Model Risk (MoRI) Valuation Adjustment (VA) models for Credit Derivative products. You will be part of a team of highly skilled professionals that is responsible for the design, development, implementation and support of our in-house pricing and MoRI VA models for Credit derivative products. The team is a global team, with members spread across Amsterdam, Brussels, and London. You will report into the Head of CR Pricing and MoRI VA Model Development and be part of a larger FM Quants team that also covers the development and implementation of xVA, Counterparty Credit Risk (CCR), and Market Risk models.

Your key responsibilities

• Contribute to Credit Derivatives Pricing and MoRI VA model development across the full model lifecycle, starting from model design and prototyping to implementation in Front Office systems.
• Daily support of the existing Credit Derivative Pricing and MoRi VA models, including regular interactions with Trading, Model Validation and Risk colleagues.

Who are we looking for?

A colleague with a talent for taking it on and making ithappen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.

We are looking for enthusiastic candidates with a strong quantitative background, good communication skills, and the ability to manage relationships with a diverse group of key stakeholders (including Trading, Sales, IT and Risk Management). 

As a Front Office Quant - Credit Derivatives you will also need:

• A university degree (at least MSc) in Quantitative Finance or Financial Mathematics.
• At least 5 years of Quant experience involving pricing models for Credit Derivative products.
• Extensive prior experience with maintaining and extending C++ Quant libraries.
• Fluency and excellent writing skills in English, and the ability to clearly explain modelling concepts to both technical and non-technical business colleagues.

We offer you 

A clear purpose, a unique offer and a range of flexible compensation and other benefits:

• A 40-hour working week
• Personal growth & challenging work with endless opportunities to realise your ambitions
• An informal, dynamic environment with innovative colleagues supporting your endeavours
• A progressive and agile way of working, where new ideas are valued ahead of convention