Fixed Income Rates Trader, Vice President

  • Competitive
  • Londres, Angleterre, Royaume-Uni
  • CDI, Plein-temps
  • BlackRock
  • 16 nov. 17 2017-11-16

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
 
BlackRock’s Fixed Income team manages more than $1 trillion in global fixed income assets across index, active long-only, alternative, and liability driven investment strategies. The platform offers fixed income investors one of the industry's broadest arrays of investment choices across model-based and fundamental investment styles.
 

Job Purpose/Background:
 
The Fixed Income Trading Team in London is seeking a trader to primarily cover derivative markets with an emphasis on LDI hedging strategies. The successful candidate will be able to demonstrate the ability to interact effectively with portfolio managers, multiple internal groups, and the sell-side, in order to provide liquidity, best execution, and market flow information for investment activities in cash government bonds, financing and interest rate derivative markets.  An in-depth knowledge of the LDI market and familiarity with regulatory driven derivative market nuances are essential.
 

Key Responsibilities:

  • Provide best execution in core rates cash and derivative markets for the LDI, fundamental and index fixed income teams
  • Primarily execute derivative instruments covering interest rate swaps (zero coupon, Libor, OIS), inflation  (RPI, HICP, LPI), swaptions, futures and options
  • Providing effective execution of structured derivative (‘package’) trades to gain exposure to IOTA, asset swaps, curve and spreads
  • Work closely with the LDI PM team to assist with trade structuring to achieve efficient execution with strong feedback loop in terms of liquidity constraints
  • Assisting with bespoke derivative transactions such as re-couponing, CSA change and novations
  • Assist PM teams to effectively price derivative nuances across varying CSA limitations
  • Provide insight into market activity and disseminate market intelligence and flow information
  • Interact and develop close relationships with sell-side and provide input on counterparty relationships
  • Management of orders, work flow, and prioritisation of trades

Knowledge / Experience:
  • Must have significant fixed income derivative trading experience across multiple products
  • Deep familiarity with mechanics and nuances of the LDI market
  • Fundamental competence with basic swap analysis and pricing, including CSA valuation
  • Experience in trading on electronic platforms i.e. Tradeweb, MarketAxess, FLEX
  • Strong numeracy skills and attention to detail are vital
  • Ability to work in entrepreneurial environment and to be a motivated self-starter
  • Demonstrate the ability to prioritise demands in a high volume, pressurised business
  • Collegiate demeanour, detail orientated, good communication skills and a team player
  • Adaptability to take on ad hoc projects and tasks
  • CFA preferred