Financial Markets | Trading | ABS Trader | New York
About ING:
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 department:
ING’s Financial Markets division offers hedging, investment products, and financing solutions to clients of ING’s Wholesale Banking division.
We are seeking a highly motivated and experienced Asset-Backed Securities (ABS) Trader to join our Global Credit Trading (“GCT”) team. The GCT team spans the globe across the Americas, Europe, and Asia.
GCT’s main business is to provide liquidity in corporate bonds. We are rapidly growing in the markets to gain share. Our activity is client focused, and our franchise is receiving increasing recognition from investors. We operate on electronic venues where we are active in several markets and have global distribution with sales teams in the US and throughout Europe and Asia.
About the position:
ING is seeking an ABS trader to join the GCT team within the Financial Markets Americas division.
The successful candidate will be responsible for trading ABS products, managing risk, and contributing to the firm's revenue objectives while maintaining strong client relationships and ensuring compliance with industry regulations.
The US is aligned with the bank’s strategic decision to grow its presence in the Americas, leading with sector driven deployment of balance sheet, positioning ING for Debt Capital Markets and Asset Securitization cross-sell opportunities, and in turn deepening Sales & Trading coverage.
Role Responsibilities :
- Provide liquidity in ABS, including auto loans/leases and other securitized assets, to ING Financial Markets (IFM) clients to build and promote the ING credit trading franchise.
- Identify and disseminate flow, color, and relative value trade ideas to credit sales, debt capital markets, syndicate, and IFM Clients.
- Develop and maintain strong client relationships with institutional investors, dealers, and issuers to enhance liquidity and drive revenue opportunities.
- Monitor market trends, credit conditions, and economic data to identify trading opportunities and inform investment strategies.
- Collaborate with the research, analytics, and sales teams to support trade ideas and deliver high-quality service to clients.
- Contribute to the development of trading strategies, tools, and processes to optimize desk performance.
- Manage risk/inventory to ensure the ability to quote on client inquiry and absorb the resulting flow within the firm’s risk tolerance.
- Lead team members to ensure flawless service to clients.
- Back up team members including Investment Grade traders to ensure continuity of platform and services.
Qualifications and Competencies
- Ideal candidate will have at least 7+ years of experience on an institutional, fixed income, sales platform.
- Bachelor’s degree or equivalent, with preference for Business, Economics, Finance, Mathematics or a closely related quantitative field.
- Securities licenses including Series 7 and 63, required.
- Proven history of successful management of a ABS trading book.
- Self-starter, result oriented mentality and eye for high quality and integrity standards.
- Genuine team player who gets things done and helps others succeed.
- Take ownership of issues, create transparency, and build trusted relationships to win support to create favorable outcomes for both clients and ING.
Salary Range: $275,000 - $300,000
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 color, 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.
