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- Tasks: Support traders in executing and managing interest rate trades in a fast-paced environment.
- Company: Join a leading London-based Hedge Fund with a dynamic trading culture.
- Benefits: Competitive salary, bonus structure, and opportunities for professional growth.
- Other info: Direct exposure to trading strategies and clear career progression within the trading function.
- Why this job: Gain hands-on experience with top traders and develop your skills in financial markets.
- Qualifications: Bachelor’s degree in Finance, Economics, Mathematics, or STEM; strong analytical skills required.
The predicted salary is between 40000 - 50000 £ per year.
Our client, a London based Hedge Fund, is seeking a highly motivated and detail-oriented Junior Trader Assistant to support the Interest Rates trading desk in London. This is an excellent opportunity for a Junior Trading Assistant to gain direct experience in a fast-paced trading environment, working alongside traders and PMs, understanding key market positions and contributing to trade execution and management of interest rate products across the markets.
Key Responsibilities for Junior Trader Assistant - Interest Rates:
- Provide day-to-day support to traders and PMs on the Interest Rates trading execution.
- Assist with trade execution, IR trade booking, and accounting for notional, rates and market strategy.
- Monitor market movements, with a focus on interest rate products (e.g. bonds, swaps, futures).
- Maintain and update pricing models and spreadsheets.
- Liaise with Trading Operations – Middle Office, to ensure smooth trade flow and counterparty risk management.
- Support traders in identifying market opportunities and managing operational risk exposure and management.
Prerequisite Requirements:
- Bachelor’s degree in Finance, Economics, Mathematics, or a STEM related field – ideal 2.1 and above.
- Strong understanding of Financial Markets; with prerequisite knowledge of Interest Rates Products is advantageous (e.g. IRS, Interest Rate Swaps, understanding why rates are traded, notional, pricing and processing life cycle events).
- Excellent numerical and analytical skills.
- Proficiency in Excel; programming skills (Python/VBA) are a plus.
- Strong attention to detail and ability to work under pressure, this is a desk-based role.
- Effective communication and ability to manage Trader and PMs and counterparty queries.
This is a unique opportunity to join a London based Hedge Fund and take on a Junior Trader Assistant position on the Interest Rates trading desk in London. Exposure to a dynamic trading floor environment, working with some of the best PMs in London, understanding IR trading and strategies. Opportunity to work alongside experienced traders and clear career progression within the trading function post 2 to 3 years in the front office IR Pod.
Salary: £40,000 to £50,000 base salary plus benefits + bonus.
Working Model: 5 days in the office – support the traders and PMs directly.
Right to Work: UK Full Right to Work – please note no Dependent Visas (due to 3rd party risk) and Post Study Student Visas (time limited) and our client can’t formally sponsor. We kindly ask applicants to respect this requirement.
Please apply early and send across your CV and ensure you highlight your prior IR Rates experience as candidates matching the brief will be invited for a screening call and introduced to our client for an interview.
Junior Trader Assistant - Rates in City of London employer: Black Swan Group
Contact Detail:
Black Swan Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Trader Assistant - Rates in City of London
✨Tip Number 1
Get to know the trading environment! Spend some time researching interest rate products and current market trends. This will not only help you in interviews but also show your genuine interest in the role.
✨Tip Number 2
Network like a pro! Connect with professionals in the finance and trading sectors on LinkedIn. Engaging with them can lead to valuable insights and even job referrals, so don’t be shy!
✨Tip Number 3
Practice your Excel skills! Since proficiency in Excel is key for this role, brush up on your spreadsheet skills and learn some useful functions. You could even create a mock pricing model to showcase your abilities.
✨Tip Number 4
Apply through our website! We make it easy for you to find and apply for roles like the Junior Trader Assistant. Plus, we’re here to support you throughout the process, so don’t hesitate to reach out!
We think you need these skills to ace Junior Trader Assistant - Rates in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Trader Assistant role. Highlight any relevant experience in finance, especially with interest rates products. We want to see how your background aligns with what we're looking for!
Showcase Your Skills: Don’t forget to showcase your numerical and analytical skills! Mention any proficiency in Excel or programming languages like Python or VBA. This will help us see that you have the technical chops for the job.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how you can contribute to our team. We love seeing enthusiasm and a clear understanding of the role.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Black Swan Group
✨Know Your Interest Rates
Make sure you brush up on your knowledge of interest rate products like bonds, swaps, and futures. Understanding how these instruments work and their market dynamics will show that you're not just a candidate, but someone who can contribute meaningfully to the trading desk.
✨Excel is Your Best Friend
Since proficiency in Excel is crucial for this role, practice your skills before the interview. Be ready to discuss any relevant projects or experiences where you've used Excel to analyse data or create pricing models. If you have programming skills in Python or VBA, don’t forget to mention those!
✨Demonstrate Attention to Detail
In a fast-paced trading environment, attention to detail is key. Prepare examples from your past experiences where your meticulous nature helped avoid mistakes or improved processes. This will reassure the interviewers that you can handle the pressures of the trading floor.
✨Communicate Effectively
Effective communication is vital when liaising with traders and PMs. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few questions about the trading strategies they employ, as this shows your genuine interest and willingness to engage.