Head of Fixed Income Trading

Cmcmarkets; Greater London; On-site; GBP 180,000 - 300,000; Full time

Job summary

CMC Markets is seeking an experienced Head of Fixed Income Trading to establish and lead a new Fixed Income trading franchise within the firm. This senior leadership role carries end-to-end responsibility for strategy, trading, technology, team build-out, risk management and commercial development.

The successful candidate will define the proposition, lead its implementation, and work with Treasury, Risk, Operations and Account Executives to create a scalable and commercially valuable Fixed

Qualifications

• 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.
• Deep knowledge of Fixed Income markets, pricing, liquidity, execution and risk management, with a strong understanding of technology and infrastructure to support a modern trading operation.
• Demonstrable commercial track record, strong relationships across the Fixed Income market and experience working with institutional or professional clients.
• Experience building or materially expanding a trading desk or business would be highly advantageous.

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.

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