Senior Fixed Income Trader

Join to apply for the Senior Fixed Income Trader role at T. Rowe Price. At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed‑income, and multi‑asset capabilities to individuals, advisors, institutions, and retirement‑plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

Role Overview

T. Rowe Price is seeking an experienced Senior Macro / Cross‑Asset Fixed Income Trader to join its London‑based Global Fixed Income Trading platform. This role is designed for a senior market practitioner with broad exposure across Eurozone and UK rates, FX, and EM local markets, with the ability to manage and express macro risk across asset classes. The position carries direct responsibility for risk ownership, execution, and macro‑driven alpha generation within a long‑term, institutional investment platform. Success in this role requires sound market judgment, disciplined risk management, and the ability to translate macro views into liquid, scalable trade expressions aligned with portfolio objectives.

Key Responsibilities

• Develop and implement macro strategies across Eurozone and UK rates, FX, and EM local markets.
• Express views through curve, basis, volatility, FX‑rate linkages, and cross‑market relative‑value structures.
• Manage exposures across interest‑rate swaps, government bond futures, options, FX forwards and options, and EM local instruments.
• Translate central bank policy, inflation dynamics, growth trends, and geopolitical developments into actionable trading decisions.
• Execute efficiently across varying liquidity conditions, leveraging established sell‑side relationships.
• Partner closely with portfolio managers, strategists, and risk teams to align trading activity with broader investment objectives.

Must Have

• 7–10+ years of front‑office trading experience in macro, rates, FX, or cross‑asset markets at a leading asset manager, investment bank, or macro‑oriented platform.
• Demonstrated risk ownership, with experience managing meaningful exposures across market cycles, including periods of elevated volatility.
• Strong coverage of Eurozone and UK rates, with practical experience linking rates views to FX and broader macro risk.
• Working knowledge of FX markets, including spot, forwards, and options, and how FX interacts with rates and global risk sentiment.
• Experience in EM local markets, including local rates and currencies, with an understanding of liquidity and policy risk.
• Clear communication skills, with the ability to articulate trade rationale, risk, and outcomes to portfolio managers and senior stakeholders.
• Proven execution capability, including comfort operating in less liquid or fast‑moving market conditions.

Nice to Have

• Prior experience in a cross‑asset or global macro seat with responsibility spanning rates and FX rather than a single‑product mandate.
• Familiarity with rates or FX volatility trading, including options‑based structures.
• Experience working within a large, long‑only institutional platform alongside portfolio managers.
• Strong analytical orientation; comfort using data, analytics, or simple tools to inform risk decisions.
• Exposure to multiple regions beyond Europe, including Asia or LatAm, from a macro or EM local perspective.
• Informal leadership or mentoring experience within a trading team.

Why This Opportunity

This role offers the opportunity to operate as a senior risk‑taker within a globally integrated fixed income platform that values judgment, collaboration, and long‑term performance. The position provides meaningful responsibility, institutional‑grade resources, and exposure to macro risk across regions and asset classes, while contributing to the continued development of the London trading franchise.

Commitment To Diversity, Equity, And Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. T. Rowe Price is an equal‑opportunity employer and values diversity of thought, gender, and race.