Rates Trading Assistant - Leading Hedge Fund | London, UK

Non-disclosed; London; On-site; GBP 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a detail-oriented Trade Assistant to support the investment desk in post-trade activities. This role requires a strong background in Interest Rate products and Derivatives, along with a solid educational foundation in STEM subjects. As a key member of the Trade Assistant team, you will ensure the accuracy of trade P&L and risk reporting, manage expiries and fixings, and resolve queries from administrators and counterparties. This is an exciting opportunity to contribute to a dynamic trading environment and drive process enhancements while working closely with investment professionals.

Qualifications

• Proven background in Interest Rate products is essential.
• Experience in a Traders Assistant role is highly valued.

Responsibilities

• Manage daily blotter and booking transactions with accuracy.
• Provide first line support to Investment Officers and Portfolio Traders.

Skills

Interest Rate Products

Derivatives Knowledge

P&L Management

Product Control

Blotter Management

Risk Management

Structured Rates Knowledge

Education

2.1 Level Degree in STEM

Excellent A-Levels

Job description

PLEASE NOTE: Client can only consider those with a proven Interest rate product background. It is essential that every candidate who is wanting to consider this role, must be able to also demonstrate outstanding education, including at least a 2.1 level degree in a STEM subject from Russell Group or international equivalent, and excellent A-Levels (or international equivalents) in academic subjects. Our Trade Assistant team is fundamental to many aspects of our business. Our mission is to be the frontline support to the investment desk for all post-trade activities, carrying this out with the highest degree of accuracy and speed.

Relevant candidates must also be able to showcase experience in a similar Traders Assistant role, ideally from a buyside firm, but they might consider those from the sell side.

You will have strong Derivatives knowledge, especially if complex products or Fixed Income focussed, and wide-reaching knowledge of P&L / Product Control / Blotter Management / technical Middle Office & Risk type work. They would particularly like to identify someone with strong Rates / Structured rates knowledge coming from a Front Office environment.

Daily blotter management, booking transactions into our systems and understanding the risks and pricing of exotic products.

Typical Daily Duties may consist of:

• Ensuring accuracy of new trade live P&L & risk, and producing daily close P&L reporting
• Managing and processing expiries/fixings/futures rolls – presenting the pre-and-post associated Risk/P&L changes
• Providing first line of support to the Investment Officers and Portfolio Traders
• Acquiring SME knowledge to help drive process enhancements
• Monitoring offsetting transactions and collapsing accordingly (ISDA protocols)
• Resolving administrator and counterparty queries