Front Office Quant - Credit Derivatives
Key Skills
Job Description
Your work environment Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player in our market leader and challenger markets, with an additional presence in all the major international markets and specialist expertise in selected emerging markets and products. Your role The FM Quants team is a global team within the FM organization that provides quantitative expertise required to price and risk-manage derivatives products. Its main responsibilities are in the areas of model development, analytics and implementation into our Front Office systems. ING is looking for a Front Office Quant specializing in the development and implementation of pricing and Model Risk (MoRI) Valuation Adjustment (VA) models for Credit Derivative products. You will be part of a team of highly skilled professionals that is responsible for the design, development, implementation and support of our in-house pricing and MoRI VA models for Credit derivative products. The team is a global team, with members spread across Amsterdam, Brussels, and London. You will report into the Head of CR Pricing and MoRI VA Model Development and be part of a larger FM Quants team that also covers the development and implementation of xVA, Counterparty Credit Risk (CCR), and Market Risk models. Your Key Responsibilities Contribute to Credit Derivatives Pricing and MoRI VA model development across the full model lifecycle, starting from model design and prototyping to implementation in Front Office systems. Daily support of the existing Credit Derivative Pricing and MoRi VA models, including regular interactions with Trading, Model Validation and Risk colleagues. Who are we looking for? A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems. We are looking for enthusiastic candidates with a strong quantitative background, good communication skills, and the ability to manage relationships with a diverse group of key stakeholders (including Trading, Sales, IT and Risk Management). As a Front Office Quant - Credit Derivatives you will also need: A university degree (at least MSc) in Quantitative Finance or Financial Mathematics. At least 5 years of Quant experience involving pricing models for Credit Derivative products. Extensive prior experience with maintaining and extending C++ Quant libraries. Fluency and excellent writing skills in English, and the ability to clearly explain modelling concepts to both technical and non-technical business colleagues. We offer you A clear purpose, a unique offer and a range of flexible compensation and other benefits: A 40-hour working week Personal growth & challenging work with endless opportunities to realise your ambitions An informal, dynamic environment with innovative colleagues supporting your endeavours A progressive and agile way of working, where new ideas are valued ahead of convention
Core Responsibilities
Develop, prototype, implement, and support pricing and Model Risk Valuation Adjustment models for credit derivatives across the full model lifecycle. Maintain existing models and work regularly with Trading, Model Validation, and Risk colleagues.
Requirements
Requires an MSc or higher in Quantitative Finance or Financial Mathematics and at least five years of quantitative experience involving credit derivative pricing models. Candidates must have extensive experience maintaining and extending C++ quantitative libraries, strong communication skills, and fluency and excellent writing skills in English.
Benefits
- Flexible Compensation
- Personal Growth Opportunities
- Challenging Work
- Dynamic Work Environment
- Innovative Colleagues
- Agile Way Of Working
About ING Nederland
Industry: Banking
Company size: 10,001+ employees
ING is a global bank with a strong European base. With 14,500 employees in the Netherlands, we’re one of the biggest employers in the country. Our research tells us that we stand out here because of our great working culture, competitive benefits and interesting work. We believe in sustainable progress for all, not just for the few. We aim to support and contribute to economic, social and environmental progress. Because progress doesn’t start with perfection. It starts with people, their ideas and their drive to make things better. Collaborative and inclusive We’re proud of our diverse and multinational make-up. Joining the ING team means contributing to a collaborative and inclusive culture, having a hybrid way of working and being part of the positive impact that we strive to make on people and the planet. We don’t believe in one ‘perfect’ way of doing things. The best solutions emerge when people work together, stay curious and learn from each other. You’ll get responsibility from day one, along with the trust and freedom to make your own choices and contribute your perspective. Purpose ING’s purpose is empowering people to stay a step ahead in life and in business. This purpose guides us in everything we do. Rather than telling our people what to do, we trust them and encourage them to carve out their career in a way that works best for them. We want to enable people to grow in their own way, without being held down. Because doing great things starts by doing your thing. So, are we offering the perfect job? Maybe not. But you might find something better: a place where you can be yourself, keep growing and make an impact through the work you do.