At a Glance
- Tasks: Manage equity derivative positions and design tailored hedging strategies for corporate clients.
- Company: Join ING, a forward-thinking bank focused on innovation and client experience.
- Benefits: Competitive salary, work-life balance, and a culture of collaboration and empowerment.
- Why this job: Be part of a dynamic team shaping the future of equity derivatives.
- Qualifications: Deep knowledge in equity derivatives and strong analytical skills required.
- Other info: Opportunity for career growth in a diverse and inclusive environment.
The predicted salary is between 43200 - 72000 £ 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 Director or Vice President to help us achieve these ambitions.
Candidate Profile
- Deep equity derivatives trading knowledge/experience
- Managing and mentoring more junior members of a team
- Strong understanding of derivative pricing and hedging strategies
- Experience with volatility modelling and managing light exotic products
- Degree holder in Finance or STEM subject
Personal Competencies
- Entrepreneurial spirit with a proactive approach to identifying and capitalizing on market opportunities
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Foster collaboration with other teams and stakeholders
- Ability to work independently and as part of a team
- High level of integrity and professionalism
Main Duties and Responsibilities of Role:
- Quoting for clients and risk managing equity derivative positions
- Ability to manage complex corporate trades with embedded optionality, ensuring accurate pricing and robust hedging strategies such as share buybacks, collars, forwards, and Total return swaps
- Contribute to managing and growing the equity derivatives portfolio with emphasis on single stocks and solutions for our corporate clients
- Collaborate closely with Risk Management and Product Control to ensure strict adherence to risk limits and governance
- Design and implement tailored hedging strategies that optimise the portfolio and meet client objectives
- Strong focus on operational and execution risk control for large corporate transactions, acting as the desk’s subject matter expert for corporate equity derivative trading
- Work closely with Client Solutions Group to deliver seamless execution of corporate mandates, translating client requirements into efficient trading strategies
- Work with senior traders to manage and grow the equity derivatives portfolio with emphasis on single stocks and solutions for our corporate clients (VP only)
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 or Director) in City of London employer: ING Group
Contact Detail:
ING Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Derivatives Trader (VP or Director) in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your deep equity derivatives knowledge and any unique strategies you've implemented. We want to see how you can bring value to the team, so don’t hold back!
✨Practice Makes Perfect
Before any interviews, do some mock sessions with friends or mentors. Focus on those tricky questions about derivative pricing and hedging strategies. We want you to feel confident and ready to tackle anything that comes your way!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and take the initiative to connect with us directly.
We think you need these skills to ace Equity Derivatives Trader (VP or Director) in City of London
Some tips for your application 🫡
Show Off Your Experience: When you're writing your application, make sure to highlight your deep equity derivatives trading knowledge and any relevant experience. We want to see how you've managed complex trades and mentored others, so don’t hold back!
Tailor Your Application: Make your application stand out by tailoring it to the role. Use keywords from the job description, like 'derivative pricing' and 'hedging strategies', to show us you understand what we're looking for. It’s all about making that connection!
Be Yourself: We love authenticity! Let your personality shine through in your application. Share your entrepreneurial spirit and problem-solving skills, and don’t forget to mention how you foster collaboration with others. We’re all about teamwork here!
Apply Through Our Website: Finally, make sure to apply through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about ING and our culture!
How to prepare for a job interview at ING Group
✨Know Your Derivatives Inside Out
Make sure you brush up on your equity derivatives trading knowledge. Be prepared to discuss derivative pricing, hedging strategies, and volatility modelling in detail. This is your chance to showcase your expertise, so don’t hold back!
✨Showcase Your Leadership Skills
As a VP or Director, you'll likely be managing and mentoring junior team members. Think of examples from your past where you've successfully led a team or contributed to their development. Highlighting your leadership experience will demonstrate that you're ready for this role.
✨Prepare for Complex Scenarios
Expect to tackle questions about managing complex corporate trades with embedded optionality. Brush up on your knowledge of share buybacks, collars, forwards, and total return swaps. Being able to articulate your thought process in these scenarios will set you apart.
✨Emphasise Collaboration and Communication
ING values collaboration, so be ready to discuss how you've worked with other teams in the past. Prepare examples that highlight your communication skills and how you've fostered teamwork to achieve common goals. This will show that you align with their culture.