Trader Structured Bonds & Derivatives - Analyst

Crédit Agricole CIB; United Kingdom; On-site; GBP 50,000 - 90,000; Full time

Job description

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/

By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Reference

2025-98471

Update date

27/03/2025

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Contract type

Permanent Contract

Job summary

Summary
The secondary market Fixed Income trading desk is responsible for providing liquidity to CACIB’s clients. As part of the team, your role will be to:

• Ensure the best execution of transactions linked to EMTNs & Private placement, as much as understanding the contribution aspects (rates/credit).
• Coordinate with different Trading, Structuring and Sales teams in order to best serve client’s objectives.
• Effectively risk manage the trading book, analyse the daily P&L, and the different risk parameters.
• Liaise directly with sales to develop the franchise, understand the client’s needs and capable to explain specific product valuations.
• Work in close partnership with different control functions such as Back-Office, Compliance, Market and Credit Risk, Middle-Office to ensure appropriate control.
• Work on special IT projects and spreadsheets.

Key Responsibilities

Strategy and Business Planning

• Price, quote and trade Structured Bonds in the secondary market.
• Underwrite structured bonds arranged by CA-CIB in the primary market.
• Feed prices of structured bonds in internal platforms (such as Intranet) and external platforms such Reuters and Bloomberg and other electronic pricing platforms.
• Formulate trading strategies each day by analysing the latest market data and establishing positions to take advantage of market moves.
• Execute transactions in accordance with established risk management procedures and risk parameters.
• Analyse trading activities and relate these to market opportunities.
• Understand new models and products and carry out simulations on them as relating to structured bonds.
• Calculate data such as issuers asset swap spreads and input them into the FO system.
• Maintain awareness of all economic and financial data likely to affect the market and keep updated on market changes.
• Keep abreast of the markets by reading the financial press and available economic research.
• Input all executed trades directly into the Front Office System of Orchestrade.

Management and Reporting

• Report to Head of NL EMTN Trading on an informal basis on the progress of the business and specific issues.

Risk

• Ensure adherence with regard to position and risk limits.
• Manage and hedge the overall risk of the EMTN Trading portfolio on an intra and inter day basis.

Counterparties and clients

• Develop and maintain relationships with peers in other organisations.
• Represent the firm with external organisations (e.g., industry or product committees, and regulatory or governing bodies) if requested.
• Notify IRD & Cross Asset Trading management and Back Office immediately of any and all trading disputes with counterparties.

Communication

• Attend regular meetings or conference calls with the other members of Cross Asset Trading group as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.
• Maintain open and constructive contact with the Sales desks.

Supplementary Information

Our commitment to you

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.

With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.

Geographical area

Europe, United Kingdom

City

London

Qualifications

Bachelor Degree / BSc Degree or equivalent, preferably in a Mathematical/Scientific area, or A-levels followed by appropriate market relevant working experience.

Experience

Experience in financial products, derivatives, physical or related trading/ risk management activities.

Required skills

• Strong initiative
• Team oriented
• Able to think quickly, make decisions using good judgement and prioritise in busy trading situations
• Able to remain calm under pressure
• Flexibility

Technical skills required

• IT literate
• Thorough knowledge of financial derivatives including market liquidity (ability to enter or exit a position), volatility (magnitude / speed of price change), credit risk of issuers of structured bonds, pricing and trading/hedging strategies.
• Strong numerical, analytical and spreadsheet skills.