Junior Broker, Rates Execution

ICAP; Singapore; Hybrid; SGD 60,000 - 100,000; Full time

Job summary

TP ICAP's COEX Partners seeks a highly motivated Rates Execution / Junior Broker to join our growing team in Singapore. The role focuses on the execution and booking of cleared interest rate swap transactions, supporting a sophisticated client base including hedge funds and asset managers.

You will build knowledge of DM and EM rate markets, develop client-facing capabilities over time, and assist senior brokers with execution, trade reconciliation, and issue resolution.

Qualifications

• 2–5 years' experience in financial markets, ideally in a bank, broker, asset manager, hedge fund, or related market-facing role.
• Strong understanding of interest rate swaps, swap valuation, and clearing processes.
• Experience calculating NPV/PV for cleared IRS transactions.
• Familiarity with Marketwire or similar electronic trade booking platforms.
• Excellent attention to detail and numerical/analytical skills.

Responsibilities

• Execute and manage trade flow across cleared interest rate swaps and related rates products.
• Accurately book and reconcile trades using Marketwire and other systems.
• Calculate, review, and verify NPV and economics of cleared IRS transactions.
• Support senior brokers with execution and client servicing.

Skills

Financial markets experience

Interest rate swaps

NPV/PV calculations

Trade execution

Education

Finance degree or equivalent

Tools

Marketwire

Job description

Group Overview:

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About COEX

COEX Partners is an Agency Execution broker that gives institutional clients a 360-degree coverage across a comprehensive product portfolio. As well as generating trading ideas for our clients, we help structure, execute and monitor their positions by providing support across the entire trade lifecycle – from Trade Selection through to Post Trade Reporting.

Role Overview

We are seeking a highly motivated Rates Execution / Junior Broker to join our growing team. The role focuses on the execution and booking of cleared interest rate swap transactions, supporting a sophisticated client base of predominantly hedge funds and asset managers.

The successful candidate will have 2-5 years of financial markets experience, strong attention to detail, and a genuine interest in global fixed income and interest rate markets. This is an excellent opportunity for an individual looking to develop their market knowledge and progress into a client-facing coverage role over time.

Key Responsibilities

• Execute and manage trade flow across cleared interest rate swaps and related rates products.
• Accurately book and reconcile trades using Marketwire and other relevant trade capture systems.
• Calculate, review, and verify net present values (NPV) and economics of cleared IRS transactions.
• Ensure timely and accurate processing of trades with a high degree of operational precision.
• Liaise with counterparties, clearing brokers, operations, and clients to resolve trade and booking queries.
• Monitor market activity and support senior brokers with execution and client servicing.
• Develop knowledge of both Developed Market (DM) and Emerging Market (EM) interest rate products and market dynamics.

Required Experience & Skills

• 2-5 years' experience in financial markets, ideally within a bank, broker, asset manager, hedge fund, or related market-facing role.
• Strong understanding of interest rate swaps, swap valuation, and clearing processes.
• Experience calculating or validating NPV/PV for cleared IRS transactions.
• Familiarity with Marketwire or similar electronic trade booking platforms.
• Exceptional attention to detail and ability to work accurately in a fast-paced environment.
• Strong numerical and analytical skills.
• Excellent communication and interpersonal skills.

Preferred Experience

• Experience within a bank, hedge fund, or institutional trading environment.
• Understanding of hedge fund trading workflows, risk management, and execution requirements.
• Knowledge of global rates markets, including G10 and EM interest rates.

Career Development

This role is suited to an ambitious individual looking to build a long-term career in rates markets. The successful candidate will be expected to develop deep product and market expertise, with a pathway toward a client-facing coverage and execution role as experience and market knowledge grow.

Job Band and Level

Professional, 5

#LI-Hybrid #LI-ASSO

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

Singapore - 50 Raffles Place - Singapore