Trader jobs in France

Fixed Income Repo Trading Mandate

Role Title: Vice President - Fixed Income Repo Tarder - Short-Term Bonds & Money Markets (Commercial Paper)

Location: London or Paris

Desk: Fixed Income Trading - Repo, Liquidity & Financing Solutions

Reporting To: Head of Fixed Income Financing

• Lead and expand short-term fixed income and securities financing activities across commercial paper, bank bonds, sovereign and emerging market debt, and repo instruments.
• Focus on liquidity management, collateral optimisation, and dynamic risk control.
• Operate at the intersection of trading, treasury, and asset management.
• Contribute to strategic desk direction, product innovation, and global collaboration.

• Trade and manage liquidity across high-grade short-term instruments, including bank-issued commercial paper and short-dated bonds.
• Maintain and optimize the liquidity buffer on bank bonds in line with treasury and regulatory requirements.
• Monitor market conditions and funding spreads to identify relative value and arbitrage opportunities.
• Execute and structure repo transactions, stock lending, and Total Return Swaps (TRS).
• Develop forward-looking strategies to enhance yield and balance sheet efficiency.
• Engage with counterparties, clearing houses, and custodians to ensure smooth execution and settlement.
• Optimize collateral usage across jurisdictions, balancing cost, availability, and regulatory constraints.
• Collaborate with Asset Management teams to align liquidity and investment strategies.
• Partner with structuring, sales, and risk teams to deliver bespoke financing and hedging solutions.
• Support credit trading and sovereign bond desks with financing structures and liquidity management.
• Focus on European underlying, with selective exposure to US and Asian markets.
• Trade and manage risk across Sovereign and Emerging Market Bonds, including hard and local currency instruments.
• Monitor geopolitical and macroeconomic developments affecting global fixed income markets.
• Apply dynamic risk management techniques to monitor and mitigate market, credit, and liquidity risks.
• Develop and maintain pricing models and risk analytics for repo and financing instruments.
• Ensure compliance with internal risk limits and external regulatory frameworks (e.g., Basel III, LCR, NSFR).
• Contribute to trading strategy development, product innovation, and desk-level P&L growth.

• 5-7 years of experience in fixed income trading, repo markets, or short-term credit instruments.
• Expertise in securities financing, liquidity management, and collateral optimization.
• Strong understanding of credit markets, macro drivers, and regulatory capital frameworks.
• Proficiency in trading systems and analytics platforms (Bloomberg, Murex, Python, Excel / VBA).
• Excellent communication and interpersonal skills for cross-team collaboration.
• Entrepreneurial mindset with a proactive approach to identifying opportunities.
• Fluency in English required; French is a plus for Paris-based candidates.
• Degree in Finance, Economics, Engineering, or a quantitative discipline preferred.

• Competitive base salary and performance-linked bonus structure
• Access to cutting-edge trading infrastructure and analytics tools
• Opportunity to lead and shape a high-performing financing desk
• Dynamic, inclusive, and intellectually stimulating work environment
• Career development support and global mobility opportunities
• Exposure to senior leadership and strategic decision-making