Fixed Income Trader

JR United Kingdom; London; On-site; GBP 70,000 - 120,000; Full time

Job summary

An established, high-performing hedge fund is seeking a skilled Basis Trader to enhance its Fixed Income & Rates team. This high-impact role demands deep expertise in fixed income and basis trading, with responsibilities including collaboration with the Basis Portfolio Manager to identify lucrative trading opportunities and developing quantitative tools. The ideal candidate will thrive in a fast-paced environment, leveraging their technical acumen to support innovative trading strategies. Join a forward-thinking firm where your contributions can significantly impact global interest rate markets.

Qualifications

• 5-10 years of experience in fixed income or rates trading.
• Expertise in basis trading and quantitative tool development.

Responsibilities

• Collaborate with the Basis PM on relative value opportunities.
• Develop internal analytics and pricing libraries for trade generation.

Skills

Fixed Income Trading

Bond Basis Trading

Rates Trading

Python

Quantitative Tools Development

Risk Management

Tools

Analytics Libraries

Job description

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A long standing client of ours, an established, high-performing semi-systematic hedge fund is seeking an experienced Basis Trader to join its Fixed Income & Rates team. This individual will work closely alongside a the Basis Portfolio Manager, contributing to the development, execution, and optimization of relative value strategies within global interest rate markets.

This is a high-impact, front-office role for someone with deep expertise in fixed income, bond basis, and rates trading, ideally combining both sell-side sophistication and buy-side execution sensibility.

Key Responsibilities

• Collaborate directly with the Basis PM to identify and execute relative value opportunities across sovereign bonds, futures, and interest rate products.
• Develop and maintain internal analytics and pricing libraries to support trade idea generation and risk management.
• Contribute to the buildout and refinement of systematic or semi-systematic components of basis strategies.
• Monitor dislocations, market structure, and liquidity dynamics within bond-futures and repo markets.
• Work cross-functionally with technologists, researchers, and risk teams to ensure seamless strategy implementation.

Ideal Candidate Profile

• 5–10 years’ experience in fixed income, rates, or bond basis trading – ideally in a sell-side environment with additional buy-side exposure.
• Demonstrated expertise in basis trading.
• Strong technical acumen with the ability to build or enhance quantitative tools and pricing libraries.
• Proficiency in Python for data analysis, modelling, and tool development (other languages a plus).
• Solid understanding of repo dynamics, margining, and curve construction.
• Comfortable working in a fast-paced, high-autonomy environment with a direct line to portfolio decision-makers.

If there is any interest, please apply and a consultant will contact you shortly to discuss the role and your experience.