EMEA Rates Trader

MFS International Australia Pty Ltd; Greater London; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Competitive benefits

Job summary

At MFS, we are seeking an experienced trader to join our global institutional trading function. The role covers developed market rates, FX and money markets, translating investment decisions into execution to improve outcomes for clients.

The ideal candidate will have 5-7+ years of trading experience in asset management or related sectors, strong knowledge of liquidity, derivatives and electronic/voice trading, and a disciplined approach to execution and controls. Hybrid work environment.

Qualifications

• 5-7+ years of relevant trading experience within asset management, hedge fund, investment bank or treasury.
• Solid understanding of pricing, liquidity, market microstructure, derivatives, and electronic and voice trading.
• Disciplined approach to execution quality and controls.
• Ability to draw conclusions from market data and communicate clearly.
• Experience using order and execution management systems.
• Strong communication and relationship management skills, with constructive challenge.
• High standards of integrity, discretion and accountability.

Responsibilities

• Execute portfolio decisions across a broad range of instruments including rates, FX and money markets.
• Monitor market conditions, central bank activity and economic releases.
• Develop and maintain relationships with banks, brokers and liquidity providers.
• Deliver market colour, trade ideas, liquidity assessments and implementation advice.
• Contribute to pre- and post-trade analysis and discuss execution options.
• Advise on trends and opportunities to improve execution outcomes.
• Partner with colleagues to evaluate options across electronic, algorithmic, RFQ and voice channels.
• Drive improvements to systems, analytics, automation and controls.
• Support securities lending exploration and cross-desk coverage during peak periods.
• Collaborate with risk, compliance, operations and technology to ensure controlled trading.

Skills

Trading experience

Market microstructure

Derivatives

Execution management systems

Communication skills

Tools

Order management systems

Job description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

We are seeking an experienced trader to join our global institutional trading function, with a broad remit covering developed market rates, foreign exchange and money markets. Operating as part of an integrated global team, the role will work closely with portfolio managers, analysts and trading colleagues across regions and time zones. The successful candidate will help translate investment decisions into effective implementation, share market intelligence and execution insights across the platform, with the ultimate aim of improving investment outcomes for our clients.

WHAT YOU WILL DO

• Execute portfolio decisions across a broad range of instruments, including:
  • EMEA Rates: government bonds and bills, interest rate swaps, swaptions, futures, inflation-linked securities and associated options, including selected EM instruments where appropriate
  • Global FX: spot, forwards, NDFs and options
  • Money markets: deposits, certificates of deposit, European commercial paper, short-dated bonds and repo/reverse repo
• Monitor market conditions, central bank activity, economic releases and positioning to support execution discussions
• Develop and maintain strong relationships with banks, brokers, liquidity providers and venues to support pricing and reliable access to liquidity
• Deliver timely market colour, trade ideas, liquidity assessments and implementation advice
• Contribute to pre- and post-trade analysis, sharing observations on liquidity, market impact and certainty of completion
• Advise on trends and opportunities to improve execution outcomes
• Partner with trading colleagues to evaluate execution options across electronic, algorithmic, RFQ and voice channels
• Drive improvements to systems, analytics, automation and controls
• Support the organisation in exploring securities lending capabilities and related opportunities, where appropriate
• Provide effective cross-desk coverage during periods of elevated activity and colleague absence
• Partner with risk, compliance, operations and technology, combining expertise and perspectives to support a controlled trading process, with the shared aim of delivering the right outcomes for our clients

WHAT WE ARE LOOKING FOR

• 5-7+ years of relevant trading experience gained within an asset manager, hedge fund, investment bank or treasury function
• Solid understanding of pricing, liquidity, market microstructure, derivatives, and electronic and voice trading
• A disciplined approach to execution quality and associated controls
• The ability to draw relevant conclusions from market data and communicate them clearly across the investment team
• Experience using order and execution management systems
• Strong communication and relationship management skills, together with the confidence to challenge constructively
• High standards of integrity, discretion and personal accountability

#LI-HYBRID

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace.

WHAT WE OFFER

At MFS, we view our employees as family - and like you, we want our family happy and healthy. That's why we provide competitive benefits programs and family-friendly policies which support the work-life balance needs of our employees.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [e-mail] for assistance.

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws.

Employees and applicants of MFS will not be subject to harassment on the basis of their status.

Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited.

Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.

For almost a century, investors around the world have trusted MFS to achieve their investment goals.

Since 1924, when our founders invented the mutual fund, collaboration, a long-term focus and skilled active research have fueled our success.

As a leading global investment manager, we hire employees who share our values, align with investors who share our long-term philosophy, and always act in the best interest of our clients.