Fixed Income Repo Trader - Vice President

Financial Markets | Global Securities Finance | Fixed Income Repo Trader – Vice President| New York

About ING:

Ranked #8 on LinkedIn Top Companies in Financial Services and named to Crain’s 100 Best Places to Work

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.

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 trader with at least 5+ years of asset and liability management and fixed income repo trading experience to work within the Global Securities Finance (GSF) team.

About the department:

As part of the fixed income trading team the successful candidate will be responsible for managing liquidity trading with asset managers, hedge funds, investment management, and custodial bank client base.

Responsibilities:

• Experience and technical knowledge in fixed income repo, as well as money markets.
• Manage liquidity and funding for GSF team along with the various desks within Financial Markets.
• Collaborate with GSF and various internal stakeholders on risk metrics LCR, VaR and RWA.
• Manage and trade a repo book and has a track record of strong YoY revenue growth
• Produce ad hoc reporting for senior management on trade and liquidity positioning. 

Qualifications and Competencies:

• Undergraduate finance, engineering, business or similar field degree, MBA preferable
• Knowledge of Microsoft Suite, Bloomberg, DTC, and Global One.
• Quantitative programming / Python knowledge preferable
• Manage client relationships; engage clients around their liquidity needs and structure transactions to optimize ING’s liquidity position and help customers enhance theirs
• Generate two-way order flow to internalize ING’s assets and liabilities to create operational efficienciesAttend client industry events and seminars to market ING’s brand in repo prod

Close cooperation with the Financial Markets Institutional Sales team and sector coverage to grow ING’s market share. 

• Must be a self-starter with the ability to work in a fast-paced environment and collaborate with multiple trading desks on liquidity needs.
• Demonstrate an understanding of securities lending and repo settlement processes. 
• Knowledge of derivatives market and their use in hedging risk.
• An understanding of balance sheet management and practical experience managing risk metrics like LCR and VaR.
• Series 7 and 63 required, Series 24 a plus.

Base Salary Range:  $200K - $250K

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.