Senior Swaps Trader - Director Level

Marlin Selection Ltd; City Of London; On-site; GBP 100,000 - 150,000; Full time

Job summary

A global financial institution is seeking a highly skilled IRS Swaps Trader in London. The ideal candidate will have at least 10 years of trading experience, strong product knowledge in interest rate swaps, and excellent analytical skills. This role offers competitive compensation and the chance to shape the future of the firm's fixed income business. Join a fast-growing team and make an impact.

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.
• Experience with major CCPs like LCH and CME.

Responsibilities

• Execute and manage risk in cleared IRS across G10 currencies.
• Price and trade cross-currency basis swaps.
• Develop pricing models for IRS products.

Skills

Trading IRS swaps experience

Knowledge of cleared interest rate swaps

Understanding of market conventions

Analytical skills

Programming skills (Python, Excel/VBA)

Job description

Overview

We are a rapidly growing global financial institution with a strong presence across key financial hubs, including New York, London, Paris, Dubai, Singapore, and Hong Kong. Our firm is committed to delivering innovative, client-driven solutions across fixed income, currencies, and credit markets. As we expand our footprint, we are looking to strengthen our London-based trading team with an experienced IRS Swaps Trader.

Role Overview

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.

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; Asset swap pricing.
• 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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