Commodities and Global Markets EMEA - Securities Financing/Collateral Trader, London
Location: Greater London
Job Type: Full time
This is an exciting opportunity to join our Equity Finance (EQF) business in London. As part of this successful and highly supportive team, you’ll be helping drive business growth and increase profitability for the business. You will be focused on trading Repo and Stock Loan transactions for our client base. Funding, balance sheet, credit risk, interest rate, FX and capital optimisation are core components of the role.
On a daily basis, you will be working to identify and execute profitable financing trading opportunities across European and US markets, provide pricing to clients and manage risk. You will be working in close collaboration within a team covering the full suite of Equity Finance products (Securities Lending, Repo and Synthetic Financing) across equities and government fixed income securities. You will be expected to have a strong understanding of the full spectrum of Equity Finance activities and will be encouraged to think strategically to grow the business.
Effective risk and control management is crucial; working to ensure trading risks are foreseen, managed and escalated within the group framework is a vital part of role. We manage this by leveraging tactical tools for process automation and analytics, engaging with our wider team on strategic system enhancement and by identifying and mitigating operational risk. Strong communication skills are key in this role. We strive to achieve best practice across all our trading activities.
As a talented and passionate individual, you’ll have a well-developed understanding of equity markets and government bonds repos with prior experience trading SBL, Repo financing. You will have a desire to learn in the areas of Securities Lending/Repo, Equity Swaps, Funding Instruments, FX and Interest Rate concepts. Having strong numerical skills and a high level of proficiency in Excel is a pre-requisite. You’ll enjoy working in a fast-paced environment and you’ll be confident in making sound judgement calls when evaluating risk and reward.
You’ll have an appreciation for legal, accounting and capital concepts such as entity structures, profit & loss, balance sheet, ISDA/GMSLA/GMRA documentation and be experienced in taking a disciplined approach to risk management.
If you have a passion for Equity Finance markets, please apply via the link below.
Key requirements for successful candidates
- Minimum of 5 years of prior trading experience covering financing transaction in Repo, Stock Loan
- Strong understand of liquidity ratios and balance sheet accounting
- Product experience Repo, Stock Loan & Total Return Swaps across Gov Bonds and Equities
- Strong skills in risk management, particularly interest rate risk, fx risk and basis risk
- Strong ability to communicate: verbal and written
- Technology skills: ability to drive technology enhancements is essential. Coding skills will be beneficial
About Commodities and Global Markets
Commodities and Global Markets provides clients with an integrated, end-to-end offering across global markets including equities, fixed income, foreign exchange and commodities.
Our commitment to Diversity and Inclusion
The diversity of our people is one of our greatest strengths, and an inclusive workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of 'empowering people to innovate and invest for a better future', we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
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