Trainee Broker - ICAP EMEA Credit - High Yield Credit Default Swap (CDS) Index

Location: London

Group Overview

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries.  We are 5,200 people strong.  We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About ICAP

ICAP, part of TP ICAP group, provides a wide variety of execution and information services to wholesale market participants.

We offer broking services covering a wide range of asset classes, including Commodities, Credit, Equities, FX, Money Market Funds and Rates.

For each asset class, ICAP offers e-trading capability, giving clients the option to enter prices and execute trades directly via one of our hybrid electronic trading systems, or to engage with brokers who can identify and negotiate trades

Role Overview

A Credit Default Swap (CDS) Index is a derivative product that allows investors to manage credit risk associated with a basket of underlying reference entities, such as bonds or loans. Unlike single-name CDS, which hedges against the default risk of a specific entity, a CDS Index covers a diversified portfolio of reference entities. CDS Index trading provides market participants with a way to gain exposure to broad credit markets, manage credit risk, and express views on credit market trends. It is an essential tool for institutional investors, banks, hedge funds, and other market participants involved in credit trading and risk management.

This is an entry level opportunity on the ICAP Credit Default Swap Index desk seeking a driven and personable individual looking to start their career in Broking. The team will provide the successful hire with on-the-job training and vast exposure to the fast-paced financial markets. We are ideally looking for a bright and enthusiastic individual that can work autonomously and collaboratively in a small team and can think on their feet. This is an exciting opportunity to be part of highly experienced team and would be perfect for somebody looking to start their career in Financial Services.

Role Responsibilities

Promote TP ICAP Group.

Provide complete support to the brokers for the smooth running of the desk.

Ensure timely input of trades into trading systems.

Resolve any trade queries received internally and externally, and ensure any trade discrepancies are resolved in a timely manner.

Identify trade opportunities and calculate strategies.

Keep trade records up to date.

Update real-time manual / electronic whiteboards with market data.

Provide input on various projects for brokers and traders.

Provide trade details to brokers and traders on a daily basis.

Give live quotes to traders through the messaging systems.

Monitor markets and follow financial news and developments.

Understand the underlying products being traded and keep up to date with knowledge of new products/procedures.

Liaise with clients, (via telephone, messaging and face to face) to understand the business objectives of your clients as to provide a reliable and efficient broking service.

Provide cover to clients, when team members are unavailable.

Experience / Competences

Essential

Proficient mathematics qualifications, either at GCSE and/ or A-Levels level is required as a minimum.

Demonstrated interest in the financial markets and the economy.

High level of computer competence.

Hard working and willingness to learn.

Resilient - ability to work effectively in a high-pressure environment, can keep emotions under control in difficult situations.

Build relationships and networks with both internally and externally wherever possible.

Self-development – naturally inquisitive to learn and develop and grow.  Actively seeking new ways to grow and be challenged using both formal and informal development channels.

Instils Trust - gaining the confidence and trust of others through honesty, integrity, and authenticity.

Attention to detail.

Team player - demonstrates ability to work effectively with others, communicating clearly and instilling trust with your colleagues.

Values Differences - recognizes the value that different perspectives and cultures bring to an organization.

Works ethically and shows respect for both professional and company values.

Desired

Experience using financial software, trading platforms and market research tools.

Experience working in Financial Services.

Understanding of the Rates asset class.

Handles situations and problems effectively using own initiate.

Seeks opportunities for improvements.

Demonstrates high levels of energy in seeking out and achieving new goals.

Band & Level

Professional, 4

#LI-Onsite #LI-ENT

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate