Senior Swaps Trader - Director Level

Marlin Selection; Greater London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading financial institution in London is seeking a highly skilled IRS Swaps Trader with over 10 years of experience. In this role, you will manage risk, execute trades, and develop pricing models for cross-currency and interest rate swaps. Ideal candidates will possess deep product knowledge and a proven track record in generating profits. Join a dynamic team and enjoy competitive compensation aligned with performance while helping shape the future of the firm’s fixed income business globally.

Benefits

Competitive compensation structure

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.
• Collaborative and entrepreneurial mindset with a willingness to help scale a growing platform.

Responsibilities

• Execute and manage risk in cleared IRS across G10 currencies.
• Develop and maintain pricing models and analytical tools for IRS and related products.
• Monitor market developments and provide real-time pricing to clients and stakeholders.

Skills

Experience with cleared interest rate swaps

Strong understanding of market conventions

Proven track record in generating P&L

Experience with major CCPs

Analytical and quantitative skills

Tools

Python

Excel / VBA

Job description

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, and 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.