Overview
Join ING Wholesale Banking’s Financial Markets Credit Exposure Management (FM CEM) team in London as an Associate, with a strong focus on derivatives pricing, valuation, and collateral optimization.
Take an active role in collateral optimisation and funding strategy for ING’s global derivatives portfolio. This is a front-office position where you will combine quantitative skills, market insight, and optimisation techniques to drive efficiency and profitability across ING’s Financial Markets division.
You will work closely with other trading desks and senior stakeholders, applying advanced analytics to understand what drives collateral usage and funding costs, and implementing strategies that deliver tangible value.
As our new colleague, you will join a highly skilled team with deep expertise in financial markets products (especially derivatives), valuation, trading, and risk; while remaining hands-on and closely involved in new transactions and revenue generation targets, where pricing, hedging, management, and optimisation are at the core of our day-to-day activities.
Key Responsibilities
- Manage derivatives exposure from a collateral perspective, driving optimisation across portfolios and alignment with credit exposure management objectives.
- Analyse collateral drivers across derivative portfolios and identify optimisation opportunities based on market conditions, product characteristics, and regulatory frameworks.
- Develop and enhance quantitative models for collateral sourcing and allocation, funding cost impacts, and liquidity forecasting, leveraging advanced analytics to support decision-making.
- Work with other trading desks to price and hedge funding and collateral implications on new transactions, requiring a strong understanding of derivatives pricing and valuation (XVA).
- Design and implement collateral optimisation strategies and lead negotiations of collateral terms and schedules with financial counterparties and clients.
- Build and maintain automation tools (Python/VBA) for analytics, reporting, and decision support, while developing control functions.
- Perform recurring analysis and reporting on collateral positions, movements, and associated metrics; substantiate P&L for funding and collateral components.
- Monitor market trends, regulatory changes, and other dynamics to inform optimisation decisions and contribute to innovation projects aimed at improving collateral and funding methodologies.
Candidate Profile
Qualifications/Education
Essential:
- Bachelors or Masters degree in a quantitative subject or equivalent
Desirable:
- Finance degree or course in Derivatives and/or Risk
Experience / Knowledge
- Experience in a trading, risk, XVA, or quantitative role within financial markets.
- Strong understanding of derivatives pricing and valuation, including XVA and risk sensitivities.
- Quantitative background (academic or professional) with advanced modelling skills.
- Proficiency in Python/VBA and Excel for analytics and automation.
- Ability to interpret complex datasets and translate insights into actionable strategies.
- Skilled in presenting technical concepts clearly to diverse audiences.
- Desire and capability to thrive in a fast-paced, front-office environment.
Competencies
- Analytical, detail-oriented, and commercially minded.
- Thrive in fast-paced environments, take ownership of tasks, and collaborate effectively across teams.
- Results-driven, eager to learn and grow, and committed to continuous development in an evolving market.
- Apply your strong quantitative foundation in a market-facing role to make a real impact.
- You combine technical expertise with commercial awareness to deliver value.
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.
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