Traders Assistant (Rates/Structured Rates) – Tier 1 Hedge Fund

CassonX; London; On-site; GBP 40,000 - 80,000; Full time

Job description

Traders Assistant (Rates/Structured Rates) – Tier 1 Hedge Fund

Managing Director - Specialist Operations and Middle Office Recruitment

CassonX is delighted to be recruiting for this prestigious Tier 1 hedge fund, one of the most recognized names in the global hedge fund community. This alternative fund manager combines relative value and direct trading through a global macro strategy, aiming to generate outstanding, uncorrelated returns that outperform benchmarks. With over 200 staff worldwide and managing assets over €15bn, the firm offers long-term career growth, above-market compensation, a collaborative environment, and internal mobility opportunities.

Applicants must demonstrate excellent educational qualifications, including at least a 2.1 degree in a STEM subject from a Russell Group university or an international equivalent, along with strong A-Levels or equivalents. Relevant experience in a Traders Assistant role is essential, preferably from a buyside firm, though sell-side candidates may also be considered. Strong knowledge of derivatives, especially complex products or fixed income, and broad understanding of P&L, product control, blotter management, and technical middle office and risk functions are required. The ideal candidate will have significant rates or structured rates experience from a front office environment.

Candidates who do not meet the educational criteria may still be considered for other roles within the hedge fund community. A detailed job description is available upon review of a relevant CV. Responsibilities include:

1. Daily blotter management and P&L/risk reporting (both close and live)
2. Booking transactions and understanding risks and pricing of complex products
3. Monitoring expiries, fixings, futures rolls, and analyzing associated P&L/risk changes
4. Providing first-line support to Investment Officers and Portfolio Traders
5. Driving process improvements with SME knowledge
6. Monitoring offsetting transactions and applying ISDA protocols
7. Resolving administrator and counterparty queries

We are committed to fair employment practices and encourage applicants from all backgrounds to apply. If you need assistance during the interview process, please let us know.

CassonX specializes in operations, middle office, and distribution recruitment, offering industry experience, passion, and dedication.