Senior Swaps Trader - Director Level

We are a rapidly growing global financial institution with a strong presence across key financial hubs, including New York, London, Paris, Dubai, Singapore, and Hong Kong. Our firm is committed to delivering innovative, client-driven solutions across fixed income, currencies, and credit markets. As we expand our footprint, we are looking to strengthen our London-based trading team with an experienced IRS Swaps Trader.

Role Overview

We are seeking a highly skilled IRS Swaps Trader with a minimum of 10 years of trading experience. The ideal candidate will have a proven track record in cleared interest rate swaps, cross-currency basis swaps, and asset swap pricing, ideally gained at a leading investment bank or trading institution.

You will be responsible for market making, risk management, and pricing across a variety of interest rate and cross-currency products, working closely with sales, structuring, and risk teams globally.

Key Responsibilities

• Execute and manage risk in cleared IRS across G10 currencies with a primary focus on GBP, EUR, and USD.
• Price and trade cross-currency basis swaps and asset swaps in both cleared and uncleared markets.
• Develop and maintain pricing models and analytical tools for IRS and related products.
• Work closely with sales, structuring, and quant teams to deliver client solutions.
• Contribute to the buildout of the trading desk and infrastructure as part of the firm’s global growth.
• Monitor market developments and provide real-time pricing to clients and internal stakeholders.
• Ensure compliance with internal risk frameworks, regulatory standards, and clearing requirements.

Required Skills & Experience

Minimum 10 years’ experience trading IRS swaps at a top-tier bank or financial institution.

• Deep product knowledge of: Cleared interest rate swaps, Cross-currency basis swaps, Asset swap pricing.

Strong understanding of market conventions, liquidity dynamics, and regulatory environment.

Proven track record in generating P& L within controlled risk limits.

Experience with major CCPs (e.g., LCH, CME) and relevant clearing workflows.

Excellent analytical, quantitative, and programming skills are advantageous (e.g., Python, Excel / VBA).

Collaborative and entrepreneurial mindset with a willingness to help scale a growing platform.

Why Join Us

Be part of a fast-growing and dynamic global platform. Work alongside high-performing teams across global offices. Competitive compensation structure aligned with performance. Opportunity to help shape the future of the firm’s fixed income business in London and globally.