At a Glance
- Tasks: Manage equity derivative positions and collaborate with teams to deliver client solutions.
- Company: ING is a leading bank focused on empowering clients through innovative financial solutions.
- Benefits: Enjoy a collaborative culture, work-life balance, and opportunities for personal growth.
- Why this job: Join a dynamic team driving digital transformation in finance and make a real impact.
- Qualifications: 5+ years in equity derivatives trading; degree in Finance or STEM; strong analytical skills.
- Other info: Diversity and integrity are core values at ING, fostering an inclusive workplace.
The predicted salary is between 54000 - 84000 £ per year.
Department Overview: ING is rapidly expanding its ambitions within Equity Derivatives with a strategic focus on its corporate clients. Our goal is to offer a comprehensive range of equity derivative solutions to our clients across the wholesale bank. We aim to create a digitalized, frictionless environment that supports our growth and enhances our clients' experience. We are seeking an experienced and commercially minded Vice President to help us achieve these ambitions.
Main Duties and Responsibilities of Role:
- Quoting for clients and risk managing equity derivative positions.
- Work with senior traders to manage and grow the equity derivatives portfolio with emphasis on single stocks and solutions for our corporate clients.
- Collaborate closely with Sales, Risk Management and other stakeholders to deliver for our clients.
- Risk manage and monitor exposures from the portfolio and ensure adherence to internal risk limits and policies.
- Ensure that risk parameters are marked in an effective manner.
- Develop and implement trading strategies to optimise hedging of the portfolio.
- Help identify new opportunities and contribute to the ambitions of the equity derivatives business.
Candidate Profile Experience/Knowledge:
- Experience (5y+) trading equity derivatives.
- Strong understanding of derivative pricing and hedging strategies.
- Experience with volatility modelling and managing light exotic products.
- Demonstrated ability to risk manage and produce consistent P&L.
- Working knowledge of European equity derivatives market.
- Degree holder in Finance or STEM subject.
- Experience with corporate equity derivatives and the relevant products and structures.
- Entrepreneurial spirit with a proactive approach to identifying and capitalizing on market opportunities.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- High level of integrity and professionalism.
ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead). For us, success will only be achieved if we act with Integrity. Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.
ING Privacy Statement: In order to operate ING’s recruitment process, we will collect and store personal data you provide. Please request the privacy statement should you wish to understand how ING UK uses and protects this information and visit our website for more information.
Equity Derivatives Trader - VP employer: ING
Contact Detail:
ING Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Derivatives Trader - VP
✨Tip Number 1
Network with professionals in the equity derivatives space. Attend industry events, webinars, or local meetups to connect with traders and recruiters. Building relationships can often lead to job opportunities that aren't publicly advertised.
✨Tip Number 2
Stay updated on market trends and news related to equity derivatives. Being knowledgeable about current events and how they impact the market will not only help you in interviews but also demonstrate your passion for the field.
✨Tip Number 3
Consider reaching out directly to current employees at ING or similar firms on platforms like LinkedIn. Ask them about their experiences and any advice they might have for someone looking to break into the role of an Equity Derivatives Trader.
✨Tip Number 4
Prepare for technical interviews by practising common trading scenarios and risk management questions. Familiarise yourself with derivative pricing models and be ready to discuss your past trading experiences and strategies.
We think you need these skills to ace Equity Derivatives Trader - VP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in trading equity derivatives, including specific achievements and skills that align with the job description. Use keywords from the job posting to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of ING's goals in equity derivatives. Mention your experience with derivative pricing, risk management, and any entrepreneurial initiatives you've taken in previous roles.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical and problem-solving skills in past roles. Highlight any experience with volatility modelling or managing exotic products, as these are crucial for the position.
Demonstrate Cultural Fit: Reflect on ING's values and behaviours in your application. Share experiences that illustrate your integrity, teamwork, and proactive approach to identifying market opportunities, aligning with their Orange Code.
How to prepare for a job interview at ING
✨Showcase Your Trading Experience
Make sure to highlight your 5+ years of experience in trading equity derivatives. Be prepared to discuss specific strategies you've employed, particularly around single stocks and corporate clients, as this aligns closely with the role's requirements.
✨Demonstrate Risk Management Skills
ING places a strong emphasis on risk management. Prepare examples of how you've successfully managed risks in your previous roles, including any experiences with volatility modelling and exotic products. This will show your capability to adhere to internal risk limits.
✨Understand ING's Values and Culture
Familiarise yourself with ING's Orange Code and their values of honesty, prudence, and responsibility. Be ready to discuss how you embody these values in your work and how you can contribute to a collaborative and innovative culture.
✨Prepare for Analytical Questions
Given the analytical nature of the role, expect questions that test your problem-solving skills. Brush up on your knowledge of derivative pricing and hedging strategies, and be ready to tackle hypothetical scenarios that may arise in the trading environment.