Junior Broker, Rates Execution

TP ICAP Group; Singapore; On-site; SGD 60,000 - 110,000; Full time

Job summary

TP ICAP Group's COEX Partners seeks a Rates Execution/Junior Broker in Singapore to join a client-focused team serving hedge funds and asset managers. The role covers execution and booking of cleared rate swaps, NPVs and market data handling, with 2-5 years of financial markets experience and a clear path to a client-facing coverage role.

You'll work from Singapore's financial district, collaborating with senior brokers and operations to ensure accurate trade processing and high-quality service

Qualifications

• 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.

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 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.

Skills

Financial markets experience

Interest rate swaps knowledge

NPV calculation

Analytical skills

Attention to detail

Communication skills

Tools

Marketwire

Job description

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

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