At a Glance
- Tasks: Support the Local Markets trading desk in a fast-paced environment and assist in tech initiatives.
- Company: Join ICBC Standard, a leader in global markets with a focus on innovation.
- Benefits: Gain valuable experience in trading and technology with potential for career growth.
- Other info: Collaborate with traders and tech teams to develop cutting-edge trading solutions.
- Why this job: Be part of a dynamic team shaping the future of trading in emerging markets.
- Qualifications: Relevant degree, programming skills, and a passion for finance are essential.
The predicted salary is between 28800 - 48000 £ per year.
The Global Markets division of ICBCS offers sales, structuring and trading expertise to our clients across a range of products, with particular strengths in Emerging Markets. The Global Markets division comprises two core businesses, namely Commodities and Fixed Income and Currencies (FIC). The Commodities business provides trading, sales, working capital solutions and structuring expertise through its Metals and Energy teams. The division's expertise extends to the management and financing of physical commodity inventories across these asset classes. The FIC business offers a comprehensive set of foreign exchange, interest rates, credit, money markets, capital markets and structured financing products. Our clients include financial institutions, corporations, governments and institutional investors around the world. The Local Markets & FX business is one of the two trading pillars of the FIC division, responsible for all trading activity in EM local currency rates and FX products (including Money Markets). The desk covers activity across the plethora of products that we trade in CEEMEA, China, Latam and G10.
This role is designed to provide support to the Local Markets trading desk across an array of tasks. This is a very fast-paced environment and will require the need to work under some pressure at times. In addition, the desk is expanding its technology-centric trading and risk management initiatives which the individual will be assisting in developing the infrastructure alongside the traders. The individual will be required to work closely with trading stakeholders and internal technology teams.
What you’ll need to be successful:
- A relevant degree or equivalent
- Experience within a banking environment
- Languages: Mandarin would be beneficial but not required
- Experience in programming using Python, MATLAB, C++ or other languages
- Experience of working in a regulated environment, ideally Financial Services
- Advanced understanding of the cash FICE market and associated products
- UK Financial Regulations
- Overseeing the cash management for the desk across all countries in the region
- Projecting future cash needs and market conditions to come up with the most suitable solution
- Assisting in managing various trading books across the Local Markets Desk, including through assessing and predicting the impact of risk management on various risk limits and mitigating adverse impacts of such trades on risk limits
- Overseeing the automated process for generating the documentation for access products
- Overseeing the accurate and effective implementation of the current tools and models, including for the purposes of capital utilization optimization and position monitoring
- Working closely with other departments (e.g. Risk) to develop tools to assist in trading, risk management, management information and algos
Why should you join us? ICBC Standard
Junior Trader, Local Markets employer: ICBC Standard Bank Plc
ICBC Standard is an exceptional employer that fosters a dynamic and collaborative work culture, particularly within its Global Markets division. As a Junior Trader in Local Markets, you will benefit from extensive training and development opportunities, working alongside experienced professionals in a fast-paced environment that encourages innovation and technology-driven solutions. Located in a vibrant financial hub, the company offers competitive benefits and a supportive atmosphere that values employee growth and well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Trader, Local Markets
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and recent news. This will help you tailor your answers and show that you're genuinely interested in joining the team.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources. The more comfortable you are talking about your skills and experiences, the better you'll perform when it counts.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Junior Trader, Local Markets
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Junior Trader role. Highlight any relevant experience in banking or financial services, and don’t forget to mention your programming skills if you have them. We want to see how you fit into our fast-paced environment!
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 your background aligns with our Local Markets desk. Be genuine and let your personality come through – we love seeing enthusiasm!
Showcase Relevant Skills:In your application, make sure to showcase any experience you have with cash management, risk assessment, or working in regulated environments. If you’ve got knowledge of the cash FICE market, shout about it! We’re looking for candidates who can hit the ground running.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re serious about joining our team at ICBCS. We can’t wait to hear from you!
How to prepare for a job interview at ICBC Standard Bank Plc
✨Know Your Markets
Make sure you brush up on your knowledge of the cash FIC market and associated products. Familiarise yourself with current trends in Emerging Markets, especially in CEEMEA, China, Latam, and G10. This will show that you're not just interested in the role but also understand the environment you'll be working in.
✨Showcase Your Tech Skills
Since the desk is expanding its technology initiatives, be prepared to discuss your programming experience. Whether it's Python, MATLAB, or C++, have examples ready that demonstrate how you've used these skills in a practical setting, especially in relation to trading or risk management.
✨Prepare for Pressure
This role is in a fast-paced environment, so think of examples from your past experiences where you've successfully worked under pressure. Highlight how you managed stress and maintained performance, as this will resonate well with the interviewers.
✨Understand Regulatory Frameworks
Familiarise yourself with UK Financial Regulations and how they impact trading activities. Being able to discuss these regulations and their implications will show that you’re serious about compliance and understand the importance of operating within a regulated environment.
