Structured Interest Rates Trader, Associate Director, Global Investment Bank

Full-time, office based at Canary Wharf

Our client is seeking a STIR Trader to:

  • Provide liquidity and make prices for clients, manage portfolio of vanilla swaptions, cap and floors.
  • Trade and manage other light exotic products, structured rates notes, deal contingent and other bespoke products
  • Other responsibilities include taking proprietary positions according to the market conditions
  • Provide timely and accurate execution of trades for the Bank’s targeted clients in assigned area.
  • Effectively maintain various risk positions whilst adhering to the Bank’s risk appetite
  • Achieve revenue, hit ratio and return targets set by management
  • Ensure correct ticket entry and order routing, maintain communication with sales desk and assist in resolving any operational problems. Provide general trade support, as necessary.
  • Provide pricing to sales force and clients in line with the Bank’s policies.
  • Ensure all trades are booked to front office position keeping system in accordance with internal policy and regulatory requirements.
  • Review daily and/or monthly reports, as assigned.
  • Ensure that all transactions deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets; and are in line with the bank’s Code of Conduct.

Candidates will bring:

  • Experience in trading or pricing structured rates products
  • In depth understanding of complex structured rates products including risk management and product development
  • Understanding of the key drivers in the dynamic of markets and perform well under the pressure
  • Ability to ensure smooth cooperation with various stakeholders including team members, sales, middle office, back office and other support functions.

To enquire about this role, please tell us a bit more about yourself by answering the questions below.

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