EU Sovereign Credit Trader (London)
Summary
Trades EU sovereign bonds and credit default swaps for a proprietary trading firm, analyzing macroeconomic and political trends to generate profit while managing risk.
Location: London, United Kingdom
Reports to: Head of Fixed Income Trading
Position Overview
We are expanding our Fixed Income team, the firm’s newest division launched in 2023, and are seeking a highly experienced EU Sovereign Credit Trader. The ideal candidate will have deep expertise in European sovereign credit markets, executing trades and managing positions across EU sovereign bonds, CDS, and related instruments, with a strong track record of generating P&L and deep knowledge of macroeconomic, fiscal, and political developments.
Key Responsibilities:
Reports to: Head of Fixed Income Trading
Position Overview
We are expanding our Fixed Income team, the firm’s newest division launched in 2023, and are seeking a highly experienced EU Sovereign Credit Trader. The ideal candidate will have deep expertise in European sovereign credit markets, executing trades and managing positions across EU sovereign bonds, CDS, and related instruments, with a strong track record of generating P&L and deep knowledge of macroeconomic, fiscal, and political developments.
Key Responsibilities:
- Execute proprietary trading strategies in EU sovereign credit, including bonds, CDS, and related instruments.
- Monitor market flows, liquidity, and pricing to ensure optimal execution.
- Identify and act on trading opportunities in response to macroeconomic, fiscal, and political developments.
- Develop and implement medium- to long-term EU sovereign credit strategies.
- Conduct in-depth analysis of European macroeconomic indicators, fiscal policies, central bank actions, and political events affecting sovereign credit.
- Manage a proprietary risk portfolio, evaluating credit, duration, and currency exposures with disciplined risk-reward oversight.
- Collaborate with research, risk, and other traders to refine strategies and enhance market insights.
- Build relationships with brokers, counterparties, and research providers to strengthen the firm’s EU sovereign credit franchise.
- Minimum 3 years of trading experience in EU sovereign credit instruments, including bonds and CDS.
- Deep understanding of European sovereign debt markets, macroeconomic factors, and central bank policies.
- Strong analytical and quantitative skills; ability to translate complex market data into actionable strategies.
- Proven track record of P&L generation and risk management in volatile markets.
- Excellent communication skills; fluent in English, additional EU languages a plus.
- Bachelor’s degree in Finance, Economics, or a related field; CFA or advanced degree preferred.