Associate, Commodities Trader

Location: New York City

About ING:

ING’s purpose is ‘Empowering people to stay a step ahead in life and in businesses. Every ING colleague contributes 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 Behaviors: (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

Job Description

ING is looking for a trading professional to join ING’s commodity trading desk in the Financial Markets division. As part of the trading team this individual is responsible to trade derivatives linked to a vast array of commodities and manage all risks associated with these transactions. The desk covers a wide product range, covering Energy, Base and Precious Metals and Softs&Agri's.

Our mission is to deliver derivatives products to our clients in a way that is superior while resulting in strong business results. The successful candidate is flexible, able to source liquidity in various markets, and to price quickly, consistently, and accurately. This individual can identify the market risk in the portfolio and mitigate it by trading hedge instruments.

The position has a global presence with engagement across teams in New York, Singapore, and London. The trading professional can form strong relationships with clients and work collaboratively with our marketers and bankers to enrich and evolve our excellent client relationships.

Education and Experience

• Ideal candidate will have at least 2-3 years of relevant trading or risk management experience
• Bachelor’s degree in Finance, Accounting, Business, Economics, Mathematics, or closely related quantitative field from an accredited U.S. school (or equivalent)
• Proficiency in Excel and other Microsoft Office applications
• Proficiency in programming (e.g. VBA and/or Python/Java/C#)
• At ease with managing processes with a both internal and senior external stakeholders

Competencies

• Self-starter, result oriented mentality and eye for high quality and integrity standards
• Genuine team player who gets things done and helps others to be successful
• Critical mindset and willing to be part of the solution
• Take ownership of issues, create transparency, and build trusted relationships to win support to create benefit for both clients and ING
• Openness to expand knowledge beyond current expertise, keen to step outside comfort zone
• Strong communication and collaboration skills

Tasks and responsibilities

• Price, execute, and hedge a variety of commodity transactions with a focus on metals
• Actively follow developments in (paper) commodity markets
• Continuously check and update relevant market parameters
• 100% observance of all FCA requirements, industry conduct rules and ING Compliance standards.
• Maximize profitability by taking appropriate market rate risk and managing client flow while keeping within the VAR limits and product mandates
• Work closely with Global Sales Team to foster and maintain client franchise
• Expand trading tools to improve efficiencies
• Ensure compliance with the spirit as well as the letter of applicable laws and regulatory policies, standards, and business principles
• Drive dialogue with clients via strong trading recommendations and market updates

Base Salary: $200K-$250K

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.

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.