Assistant Dealer in London

We’re looking for an individual to join Asset Backed Investments under the high performing umbrella of Rates & Investments team. The successful individual will be a keen self-learner and self-starter who can operate independently. They will manage a portfolio of Covered Bonds and Asset Backed Securities to reduce the cost of our Liquid Asset Buffer and opportunistically partake in discretionary investments which generates additional yield for our members. This is an exciting and rare opportunity to be part of a consistently successful and cohesive team who are empowered to make meaningful investment decisions for the society daily. The team assesses opportunities in global covered bonds and European securitisation across £/€ and $. At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected. For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at our London office.

Responsibilities

• No two days are the same on the desk and can vary from a fast-paced environment trading flow bonds to deep analysis of securitisation structures and legal documents.
• Whilst assessing opportunities in financial markets is core, you will also drill down into investor reports and prospectus, tinkering with spreadsheets and optimising our way of working.
• You will be required to digest and condense news and data from various sources to assess impact on the portfolio.
• The role is an opportunity to represent Nationwide, facing and professionally challenging senior members of other organisations when carrying out our due diligence.
• It also provides a steppingstone working with financial markets as you will carry out market execution in rates, credit and securitised markets.
• You will have demonstrated that you are able to optimise workflows and problem solve complex issues.

Asset Backed Investments is an integrated function within Rates & Investments, so we’re positioned to leverage broader rates market expertise as well as contribute our thoughts to the funding desks in treasury. Ultimately, we purposely don’t want there to be a specified list of everything you might or might not be involved with – we want you to treat this role as a platform to grow your abilities and to add value to Nationwide, whilst offering as much support as you need to be successful in that.

About you

• Experience in financial markets, particularly UK rates, covered bonds and securitisations will be valuable.
• Comprehension of basic economic fundamentals and financial markets.
• Self-starter and able to digest and assimilate complex macros into trading opportunities.
• Will have proven experience of optimising workflow and problem solving.
• Advanced Excel using macros and complex formulas in a working environment.
• Coding knowledge with demonstrable working experience of using tools like Python.
• Able to operate with robust controls.
• Ability to adapt and respond effectively to changing financial market conditions.

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind.
• Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand.
• Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development.
• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes.

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.

The extras you’ll get

• 25 days holiday, pro rata.
• Access to private medical insurance.
• A highly competitive pension to help you build a strong foundation for retirement.
• Access to an annual performance-related bonus.
• Training and development to help you progress your career.
• A great selection of additional benefits through our salary sacrifice scheme.
• Life assurance to provide peace of mind for you and your loved ones in the event of your death.
• Wellhub – access to a range of free and paid options for health and wellness.
• Up to 2 days of paid volunteering a year.

Banking – but fairer, more rewarding, and for the good of society. We forge our own path at Nationwide. As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives. If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us. At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community, we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society. We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us. We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application. The hiring manager for this role is Pete Wong, but for any questions please reach out to Krishan Hirani and the main recruitment contact is Kris Mason.