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Junior USD Swaps Trader

  • Location : London
  • Asset : Interest Rates

Application Close Date: 30th September 2019

Join as a member of the Flow Derivatives trading team, working under the main US Dollar book runner, as a market-maker and risk-manager of linear interest-rate derivatives.

Responsibilities include:

  • Developing pricing and risk-management infrastructure for market making revenue generation and monitor interest rate markets for trading opportunities.
  • To work with other members of flow derivatives team and sales to develop a coherent and consistent framework for coverage of internal and external clients.
  • To ensure pro-active risk management of positions, right sizing the risk appetite and balance sheet utilisation according to liquidity conditions, client flows and helping achieve the budget within acceptable P&L volatility tolerance.
  • To adhere to all compliance regulation and ensure a strong controls focus in all business activities.
  • To analyse and develop client trading and market making strategies and ensure that internal dealing platforms are supported to facilitate efficient internal deal capture, and attract corporate clients and new business.
  • Write and disseminate market commentary, providing regular market colour and comments, desk views and trade ideas to sales and clients.


  • A minimum of 3yrs interest rate swaps trading experience on a market-making desk.
  • Structuring and pricing of standard and bespoke non-standard interest rate swaps.
  • Involved in the managing and development of e-trading platforms.
  • US Treasury trading experience also advantageous.

Technical Knowledge/Skills:

  • Understanding of curve construction methods.
  • Understanding of implications of various CSA types on pricing and risk-management of interest-rate derivatives
  • Advanced Excel/VBA skills
  • Good knowledge of USD Swaps markets.