Fixed Income Repo Trader, Director

ING•New York, NY

8d•$275,000 - $325,000•Hybrid

About The Position

The Director of Fixed Income Repo Trading will trade U.S. Government bonds within the Global Securities Finance team. This role involves managing a large trading book, driving revenue growth, and helping shape strategic initiatives for liquidity and funding optimization. The successful applicant will have a very strong knowledge of US Treasury trading and impressive background in the US rates markets, with a proven track record.

Requirements

Minimum 8–10 years of repo trading experience.
Demonstrated track record of revenue growth and risk management in U.S. Government repo markets.
Expansive knowledge of fixed income repo markets, collateral management, and short-term interest rates.
Strong quantitative and analytical skills; familiarity with Python, SQL, and risk modeling preferred.
Excellent negotiation and communication skills.
Strong team collaboration skills.

Nice To Haves

MBA preferred.
FINRA Series 24 strongly preferred.
familiarity with Python, SQL, and risk modeling preferred.

Responsibilities

Trading & Risk Management: Manage a significant repo trading book, ensuring profitability and adherence to risk limits.
Execute repo and reverse repo transactions across U.S. Treasuries, Agency Mortgage-Backed Securities, and High-Grade Credit.
Monitor risk metrics (LCR, VaR, RWA) and optimize balance sheet usage.
Utilize short term interest rates as trading opportunity and hedging strategy.
Strategic Application: Develop and implement strategies to expand the repo franchise and enhance market share.
Anticipate client demand and structure large, complex trades to meet liquidity needs.
Collaborate to grow the platform and FICC sponsored trading.
Client & Stakeholder Engagement: Build and maintain relationships with hedge funds, asset managers, custodial banks, money market participants, and corporate clients.
Collaborate with Sales, Research, Treasury, and Funding teams to deliver integrated solutions.
Governance & Compliance: Ensure adherence to internal policies, regulatory requirements, and governance standards.
Partner with Legal, Compliance, and Risk teams to maintain robust control frameworks.
Team Development: Mentor junior traders and foster a culture of collaboration, innovation, and responsible risk-taking.