Head of Fixed Income Trading

CMC Markets; Greater London; On-site; GBP 200,000 - 320,000; Full time

Job summary

CMC Markets seeks an experienced Head of Fixed Income Trading to establish and lead a new Fixed Income trading business in the UK. This senior role carries end-to-end responsibility for strategy, trading, technology, risk management and commercial development, reporting into executive leadership.

The candidate will define the proposition, build the trading desk, recruit a high-performing team and collaborate across Treasury, Risk, Operations and Account Executives to scale the franchise and

Qualifications

• Extensive experience leading a Fixed Income trading operation.
• Proven ability to define strategy and implement scalable trading platforms.
• Strong relationships with institutional clients and liquidity providers.

Responsibilities

• Define and execute strategy for the Fixed Income trading business, including product scope and client proposition.
• Build-out trading desk, define pricing, execution, liquidity and inventory management.
• Establish risk framework with Risk and Treasury for market, liquidity and counterparty risks.
• Specify technology requirements and partner with Tech for scalable front-to-back trading.
• Recruit and lead the Fixed Income team and manage relationships with market participants.
• Drive client franchise growth with commercial teams and key relationships.
• Collaborate with Treasury and Operations on funding, liquidity and settlement processes.
• Ensure regulatory governance in partnership with Compliance and Legal.

Skills

Fixed Income trading

Executive leadership

Strategy development

Risk management

Liquidity management

Job description

CMC Markets is seeking an experienced and commercially driven Head of Fixed Income Trading to establish, build and lead a new Fixed Income trading business.

This is a senior leadership role with end-to-end responsibility for developing the Fixed Income franchise, including strategy, trading, technology, team build-out, risk management and commercial development.

The successful candidate will define the proposition and lead its implementation, working closely with Treasury, Risk, Operations, Technology and Account Executives to create a scalable and commercially successful Fixed Income business.

This is a unique opportunity to build a new Fixed Income business within CMC Markets and to have significant influence over its strategy, structure and development.

The Head of Fixed Income Trading will have the mandate to build the franchise from the ground up and establish a scalable platform capable of delivering sustainable growth and long-term commercial value.

Key Responsibilities:

• Define and execute the strategy for CMC Markets' Fixed Income trading business, including product scope, market coverage, liquidity model and client proposition.
• Lead the build-out of the trading desk, with responsibility for trading, pricing, execution, liquidity and inventory management.
• Establish an appropriate risk management framework in partnership with Risk and Treasury, ensuring market, liquidity and counterparty risks are effectively managed.
• Define the technology and infrastructure requirements for the business, working with Technology and Operations to implement scalable front-to-back trading capabilities.
• Recruit, develop and lead the Fixed Income team as the business grows.
• Develop and manage relationships with liquidity providers, counterparties, execution venues and other key market participants.
• Partner with Account Executives and commercial teams to develop the client franchise, support key client relationships and drive trading volumes and revenue.
• Work closely with Treasury on funding, liquidity and balance-sheet requirements and with Operations on robust trade and settlement processes.
• Partner with Compliance, Legal and Risk to ensure the business operates within appropriate regulatory and governance frameworks.
• Take ownership of the commercial performance of the Fixed Income franchise and identify opportunities for its continued development and expansion.

KEY SKILLS AND EXPERIENCE

• The successful candidate will be an established Fixed Income trading professional with significant experience in institutional markets and the credibility to build and lead a new business at Executive Director level.
• You will bring deep knowledge of Fixed Income markets, pricing, liquidity, execution and risk management, together with a strong understanding of the technology and infrastructure required to support a modern trading operation.
• The individual should have a demonstrable commercial track record, strong relationships across the Fixed Income market and experience working with institutional or professional clients. Previous experience building or materially expanding a trading desk or business would be highly advantageous.
• The role requires an entrepreneurial, hands-on and commercially focused leader who can combine strategic thinking with practical execution. The successful candidate will be comfortable operating across trading, technology, risk, operations and client development and will have the leadership skills required to build a high-performing team and a sustainable Fixed Income franchise

CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age