Junior Broker, Rates Execution

About the role

TP ICAP, a leading interdealer broker and provider of market infrastructure, is hiring a Junior Broker, Rates Execution for its COEX Partners agency execution desk. The role focuses on executing and booking cleared interest rate swap transactions for a client base of mainly hedge funds and asset managers. It suits someone with 2-5 years of financial markets experience who wants to build market knowledge and move into a client-facing coverage role over time.

Key responsibilities

• Execute and manage trade flow across cleared interest rate swaps and related rates products.
• Book and reconcile trades accurately using Marketwire and other trade capture systems.
• Calculate, review and verify net present values (NPV) and economics of cleared IRS transactions.
• Ensure timely and precise processing of trades.
• 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.
• Build knowledge of Developed Market and Emerging Market interest rate products and market dynamics.

Required profile

• 2-5 years' experience in financial markets, ideally in a bank, broker, asset manager, hedge fund or related market-facing role.
• Preferred: experience in a bank, hedge fund or institutional trading environment, and knowledge of hedge fund trading workflows, risk management and execution requirements.
• Preferred: knowledge of global rates markets, including G10 and EM interest rates.
• Strong attention to detail, accuracy in a fast-paced environment, and strong numerical and analytical skills.

Required skills

• Interest rate swaps, swap valuation and clearing processes.
• Calculating or validating NPV/PV for cleared IRS transactions.
• Familiarity with Marketwire or similar electronic trade booking platforms.
• Excellent communication and interpersonal skills.