Senior IRS Trader - London

Marlin Selection Ltd; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading investment firm in the Greater London area is seeking a highly skilled IRS Swaps Trader with over 10 years of trading experience. The ideal candidate will have deep product knowledge in cleared interest rate swaps and cross-currency basis swaps, alongside strong analytical and programming skills. Responsibilities include market making, managing risk, and pricing across multiple products. The role offers competitive compensation and the chance to contribute to a fast-growing platform in the fixed income business.

Benefits

Competitive compensation structure

Opportunity to shape future business

Dynamic global work environment

Qualifications

• Minimum 10 years' experience trading IRS swaps at a top-tier bank or financial institution.
• Deep product knowledge of cleared interest rate swaps and cross-currency basis swaps.
• Strong understanding of market conventions, liquidity dynamics, and regulatory environment.

Responsibilities

• Execute and manage risk in cleared IRS across G10 currencies with a focus on GBP, EUR, and USD.
• Price and trade cross-currency basis swaps and asset swaps in both cleared and uncleared markets.
• Develop and maintain pricing models and analytical tools for IRS and related products.

Skills

Trading IRS swaps

Market making

Risk management

Pricing models

Analytical skills

Programming (Python, Excel/VBA)

Collaborative mindset

Job description

We are seeking a highly skilled IRS Swaps Trader with a minimum of 10 years of trading experience. The ideal candidate will have a proven track record in cleared interest rate swaps, cross‑currency basis swaps, and asset swap pricing, ideally gained at a leading investment bank or trading institution.

You will be responsible for market making, risk management, and pricing across a variety of interest rate and cross‑currency products, working closely with sales, structuring, and risk teams globally.

Key Responsibilities

• Execute and manage risk in cleared IRS across G10 currencies with a primary focus on GBP, EUR, and USD.
• Price and trade cross‑currency basis swaps and asset swaps in both cleared and uncleared markets.
• Develop and maintain pricing models and analytical tools for IRS and related products.
• Work closely with sales, structuring, and quant teams to deliver client solutions.
• Contribute to the buildout of the trading desk and infrastructure as part of the firm’s global growth.
• Monitor market developments and provide real‑time pricing to clients and internal stakeholders.
• Ensure compliance with internal risk frameworks, regulatory standards, and clearing requirements.

Required Skills & Experience

• Minimum 10 years’ experience trading IRS swaps at a top‑tier bank or financial institution.
• Deep product knowledge of:
• Cleared interest rate swaps
• Cross‑currency basis swaps
• Strong understanding of market conventions, liquidity dynamics, and regulatory environment.
• Proven track record in generating P&L within controlled risk limits.
• Experience with major CCPs (e.g., LCH, CME) and relevant clearing workflows.
• Excellent analytical, quantitative, and programming skills are advantageous (e.g., Python, Excel/VBA).
• Collaborative and entrepreneurial mindset with a willingness to help scale a growing platform.

Why Join Us

• Be part of a fast‑growing and dynamic global platform.
• Work alongside high‑performing teams across global offices.
• Competitive compensation structure aligned with performance.
• Opportunity to help shape the future of the firm’s fixed income business in London and globally.

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