Department Overview:
The Commodities Trading Department is a global team, offering tailored commodity hedging and risk management solutions across the ING client base. Predominantly servicing corporate clients and commodity producers around the world, the team offers round-the-clock coverage, and global execution capabilities, according to the ING orange code.

Core services:

• Commodity derivative hedging – linear & non-linear products
• Market execution - across global exchanges and OTC markets

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Global teams:

• London: Main commodities trading hub, predominantly covering EMEA, with specialized teams per product group.
• New York: Cross commodity, covering the Americas
• Singapore: Cross commodity, covering APAC

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Product Coverage:

• Oil & Products
• Energy
• Base & Precious Metals
• Agricultural Products

• Actively follow developments in (paper) commodity markets;
• Continuously check and update relevant market parameters;
• Provide cross commodity cover to other traders in the desk, namely indicative and firm quotes for clients;
• Execute orders across multiple commodity products;
• Manage risk position of the desk within the applicable limits and desk risk tolerance;
• Help contribute towards desk strategy by identifying market opportunities;
• Ad hoc analysis and contribution towards ongoing projects for the desk;
• Contribute to development of tools & automation to streamline desk processes;
• 100% observance of all FCA requirements, industry conduct rules, ING Compliance standards, exchanges’ rules & regulations.

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Candidate Profile

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Qualification/Education

• Educated to Degree level in either Engineering, Science, Mathematics, Statistics.

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Experience/Knowledge
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Essential:

• A minimum of 2 years experience working in European natural gas and/or power
• Knowledge of European energy fundamentals
• Programming skills (Python, Excel VBA, SQL)
• Working knowledge of Microsoft Excell
• Basic knowledge of option pricing, trading and risk management

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Desirable:

• Experience working in a bank
• Knowledge of regulatory changes and impact on trading activities

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Personal Competencies
Essential:

• Proactive behaviour and perpetual energy and drive to improve performance
• Effective team player with good interpersonal and communication skills
• Challenger of the status quo, always striving to do things more efficiently and effectively.