ANALYST – EMERGING MARKETS CREDIT TRADING recruitment

The Analyst would work with ING’s global team in charge of credit trading in Emerging Markets (Latam + CEEMEA underlyings) for illiquid, structured and more exotic opportunities, with two main hubs: NY and London. The desk originates, underwrites, warehouses/manages and distributes credit risk in various formats (loans, bonds, derivatives/synthetics), both in primary and secondary market. Credit analysis, pricing, structuring, execution and hedging are key components of the trading process. Credit risk is managed through perfect hedging either with other banks/dealers or with clients as well as through proxy/market hedging.

The desk manages an opportunistic business, operating mainly with the medium sized companies’ market segment, using both a relative value and fundamental value approach as well as taking advantage of credit arbitrage opportunities in larger public issuers/borrowers. The desk relies on a unique and diversified set of skills, such as credit analysis, documentation and term sheet drafting, quantitative skills, structuring, pricing and hedging skills and experience.

Core Tasks Material Responsibilities:

The candidate will work closely with senior traders within the desk, who will provide on-the-job mentoring. Among others, primary functions are:

• Active participation in transaction origination, analysis, structuring, pricing, hedging, execution and distribution.

• Analysis of investment opportunities (underlying credit analysis, analysis of transaction materials, production of cash flow projections, drafting of investment memos/tear sheets, relative value analysis from a fundamental point of view).

• Support in the drafting of documentation and term sheets.

• Preparation of marketing material for clients.

• Assistance in the preparation of presentations and reports.

• Support for senior traders on operational tasks within the desk.

• Assistance in the Global Team’s organisation and coordination.

• Assistance in the creation of an internal trade checklist/map (from inception to end of eachtrade), including the development of a portfolio management process for the positions held by the desk.

Key requirements for the role are:

Extensive financial analysis modelling experience

Experience of LatAm corporate finance including on-site due diligence of Brazilian corporates

Comprehensive understanding of Brazilian corporate custom culture

Economics or Finance degree

Fluent in English, Portugese  Spanish

Please note that the closing date for all applications is on the 04/04/2012