Desk Assistant - Credit Default Swap Index

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 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

A Credit Default Swap (CDS) Index is a derivative product that allows investors to manage credit risk associated with a basket of underlying reference entities, such as bonds or loans. Unlike single-name CDS, which hedges against the default risk of a specific entity, a CDS Index covers a diversified portfolio of reference entities. CDS Index trading provides market participants with a way to gain exposure to broad credit markets, manage credit risk, and express views on credit market trends. It is an essential tool for institutional investors, banks, hedge funds, and other market participants involved in credit trading and risk management.

This is an entry level role and will provide the successful application with on-the-job training and vast exposure to the fast-paced financial markets. As a Desk Assistant you will be key to providing complete support to the brokers for the smooth running of the desk. Whilst this role will initially cover desk administration duties, there is scope to progress to a Trainee Broker role, subject to passing exams, demonstrating consistent performance and building your career in the broking industry.

You do not require a degree for this opportunity but recent A-Levels or equivalent qualification(s) are preferred. Experience in finance / financial services is not necessary but would be beneficial, ideally the successful candidate will already have some work experience (we believe this may best suit somebody looking for their second career move).

Role Responsibilities:

• Promote TP ICAP group.

• 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 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.

• Monitor markets, keep up to date with financial news and geo-political events that impact the financial markets.

Experience / Competences:

Essential

• Recent GCSEs and / or A-Levels or equivalent qualifications required.

• Demonstrated interest in the financial markets and the economy.

• High level of computer competence.

• Hard working and willingness to learn.

• Ability to work effectively in a high-pressure environment, can keep emotions under control in difficult situations.

• Works ethically and shows respect for both professional and company values.

Desired

• Handles situations and problems effectively using own initiate.

• Build relationships and networks with both internally and externally wherever possible.

• Demonstrates ability to work effectively with others.

• Seeks opportunities for improvements.

• Demonstrates high levels of energy in seeking out and achieving new goals.

#ICAP #LI-Onsite #LI-ASO

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

UK - 135 Bishopsgate - London