Broker Trainee

ICAP; New York (NY); On-site; USD 70,000 - 95,000; Full time

Job summary

ICAP, part of the TP ICAP group, seeks a Broker Trainee to join the U.S. Treasuries desk on an onsite basis at our New York location. You will support brokers, input trades, and monitor markets while developing product knowledge and client relationships.

The role emphasizes a strong mathematical foundation, interest in financial markets, and high attention to detail in a fast-paced environment. Onboarding and structured training accompany hands-on desk exposure.

Qualifications

• Proficiency in mathematics is essential.
• Strong interest in the financial markets and economy.
• Willingness to work hard and learn quickly.
• Ability to build relationships with internal and external stakeholders.
• Uphold professional ethics and company values.

Responsibilities

• Promote ICAP as a company.
• Provide complete support to brokers for smooth desk operation.
• Input trades accurately into trading systems in a timely manner.
• Resolve trade discrepancies and respond to queries promptly.
• Identify trade opportunities and calculate strategies.
• Maintain up-to-date trade records and market data boards.
• Provide input on projects for brokers and traders.
• Deliver live quotes to traders via messaging systems.
• Monitor markets and stay informed on news and developments.

Skills

Mathematics proficiency

Interest in financial markets

Hard work / willingness to learn

Relationship building

Ethical conduct

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.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About ICAP

ICAP, part of TP ICAP group, provides a wide variety of execution and information services to wholesale market participants.

We offer broking services covering a wide range of asset classes, including Commodities, Credit, Equities, FX, Money Market Funds and Rates.

For each asset class, ICAP offers e-trading capability, giving clients the option to enter prices and execute trades directly via one of our hybrid electronic trading systems, or to engage with brokers who can identify and negotiate trades

Role Overview

This fully onsite Broker Trainee role will sit on the U.S. Treasuries desk.

Role Responsibilities

• Promote ICAP as a company
• Provide complete support to the brokers for the smooth running of the desk
• Ensure timely input of trades into trading systems
• Resolve any trade queries received internally and externally, and ensure any trade discrepancies are resolved in a timely manner
• Identify trade opportunities and calculate strategies
• Keep trade records up to date
• Update real-time manual/electronic whiteboards with market data
• Provide input on various projects for brokers and traders
• Provide trade details to brokers and traders on a daily basis
• Give live quotes to traders through the messaging systems
• Monitor markets and follow financial news and developments
• Understand the underlying products being traded and keep up to date with knowledge of new products/procedures
• Liaise with clients, (via telephone and face to face) to understand the business objectives of your clients as to provide a reliable and efficient broking service
• Develop new business with existing clients and on‑board new clients following the correct process with the Client On-Boarding team
• Communicates effectively and efficiently to internal and external stakeholders
• Build relationships and networks with both internally and externally wherever possible
• Demonstrates strong customer focus
• Constructively handles disagreements to reach a resolution
• Shows evidence of being comfortable working in fast paced or pressured environments
• Promotes loyalty to TP ICAP and its principles
• Works ethically and shows respect for both professional and company values
• Excellent attention to detail, highly organized with a proactive approach
• Strong analytical ability and problem solving skills

Experience/Competencies

Essential

• Proficiency in mathematics
• Keen interest in the financial market and economy
• Hard working and willingness to learn
• Build relationships both internally and externally wherever possible
• Upholds professional ethics and company values

Desired

• Handles situations and problems effectively using own initiative
• Demonstrates ability to work effectively with others
• Seeks opportunities for improvement
• Demonstrates high levels of energy in seeking out and achieving new goals
• Ability to work effectively in a high‑pressure environment; able to keep emotions under control in difficult situations

Job Band & Level

• Professional / 4

Salary

• $70,000 - $95,000 (commensurate with experience)

#ICAP #LI-ENT #LI-Onsite

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

USA - 200 Vesey Street - New York, NY