Repo Trader

Balyasny Asset Management L.P.; Greater London; On-site; GBP 180,000 - 320,000; Full time

Job summary

Balyasny Asset Management L.P. in London is seeking an experienced repo trader to join the Treasury function.

This high-impact role interfaces with Portfolio Managers and trading desks to manage repo financing, optimise collateral, and support balance-sheet strategy. The ideal candidate will have 10+ years of repo experience focusing on EUR and GBP markets, strong analytical skills, and a track record of automation.

Qualifications

• 10+ years of repo trading experience.
• Strong understanding of market structure and financing fixed income across jurisdictions.
• Proven ability to build internal partnerships and external counterparty relationships.
• Demonstrated track record of automation and process improvement through technology.

Responsibilities

• Manage and optimize financing for the EMEA fixed income portfolio across repo, TRS, and other channels.
• Provide support and back-up coverage to APAC and NAM teams.
• Partner with Traders and Portfolio Managers to provide financing market color, pricing analysis, and counterparty intelligence.
• Build and maintain relationships with funding counterparties to improve pricing and diversify access.
• Collaborate with business teams to support new activity and growth in repo financing.
• Lead strategic initiatives to optimize funding for a growing fixed income portfolio.
• Partner with Technology to enhance tooling and automate workflows.

Skills

Repo trading

Cross-asset financing

Excel

Python

SQL

Communication

Stakeholder management

Tools

Python

SQL

Excel

Job description

We are seeking an experienced repo trader to join the Treasury function in London. This is a high-impact role at the intersection of trading, treasury and operations. The successful candidate will partner closely with Portfolio Managers and trading desks to manage repo financing, optimise collateral and support balance-sheet strategy.

Key Responsibilities Include:

• Manage and optimize financing for the EMEA fixed income portfolio across repo, TRS, and other financing channels
• Providing support and back-up coverage to the APAC and NAM teams
• Partner with Traders and Portfolio Managers to provide actionable financing market color, pricing analysis, and counterparty intelligence
• Build and maintain strong relationships with funding counterparties to improve pricing, expand capacity, diversify counterparty access, and support entry into new markets
• Work cross-functionally with business teams to support new business activity
• Lead strategic initiatives to optimise funding for a growing fixed income portfolio
• Partner with Technology to enhance tooling, automate workflows, and improve financing infrastructure

Qualifications and Requirements:

• 10+ years of directly relevant repo experience with focus on EUR and GBP markets
• Strong understanding of market structure, counterparty landscape, and the practical considerations involved in financing fixed income positions across jurisdictions
• Proven ability to build strong internal partnerships and external counterparty relationships
• Demonstrated track record of improving processes, workflows, and infrastructure through automation and technology
• Strong analytical skills, with advanced Excel proficiency; Python and/or SQL preferred
• Excellent written and verbal communication skills
• Collaborative, proactive, and solutions-oriented, with the ability to operate independently in a fast-paced environment
• Highly detail-oriented, with strong organizational skills and the ability to manage competing priorities
• A strong interest in developing and managing a repo business