Associate/Vice President - Rates Trader
On-siteLondon, England, United Kingdom
Job Summary
Execute best execution in core rates cash and derivative markets for LDI, fundamental, and index fixed income teams. Provide effective execution of cash markets with active experience in auctions and syndications alongside strong abilities in e-trading. Assist with bespoke derivative transactions such as re-couponing, CSA change, and novations. Interact with portfolio managers, internal groups, and the sell-side to provide liquidity, market flow information, and input on counterparty relationships. Manage orders, workflow, and prioritization of trades while disseminating market intelligence. This role covers vanilla derivatives including IRS and Futures, requiring familiarity with LDI market nuances and regulatory-driven derivative mechanics. Experience with non-linear rates products, swap analysis, and electronic platforms like Tradeweb or MarketAxess is preferred. Candidates must demonstrate numeracy, attention to detail, and the ability to prioritize demands in a high-volume, pressurized business environment.
Required Qualifications
- Must have significant fixed income trading experience across multiple products
- Familiarity with mechanics and nuances of the LDI market
- Experience with non-linear rates products, including swaptions and volatility strategies
- Fundamental competence with basic swap analysis and pricing, including CSA valuation
- Experience in trading on electronic platforms i.e. Tradeweb, MarketAxess, FLEX
- Strong numeracy skills
- Attention to detail
- Ability to work in entrepreneurial environment
- Ability to be a motivated self-starter
- Ability to prioritise demands in a high volume, pressurised business
- Collegiate demeanour
- Detail orientated
- Good communication skills
- Team player
- Adaptability to take on ad hoc projects and tasks
- Advanced degree
- CFA
Desired Qualifications
- Familiarity with regulatory driven derivative market nuances
- Demonstrated use of data, automation or technology to improve trading workflows and execution outcomes
Hiring someone like this?
Get your role in front of qualified candidates on Sorce.