Senior Swaps Trader - Director Level

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

Job summary

A global financial institution is seeking an experienced IRS Swaps Trader to join their London-based trading team. The ideal candidate will have at least 10 years of trading experience, particularly in cleared interest rate swaps and cross-currency basis swaps, gained preferably at a leading investment bank. Key responsibilities include executing trades, managing risk, and maintaining pricing models. This role offers a competitive compensation structure and the opportunity to play a pivotal role in the firm's global growth.

Benefits

Competitive compensation structure

Dynamic global platform

Qualifications

• 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, and asset swap pricing.
• Proven track record in generating P&L within controlled risk limits.

Responsibilities

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

Skills

Trading IRS swaps

Cross-currency basis swaps

Asset swap pricing

Market making

Risk management

Tools

Python

Excel/VBA

Job description

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.

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 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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