Fixed Income Trader - Rates

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

L&G Asset Management, is looking to hire a Fixed Income Trader to join the Global Markets team in London. At L&G the Global Markets team is responsible for four main activities;
Global Trading, Money Market Fund Management, Securities Lending and ETF Capital Markets. This role will sit within Global Trading, focusing on Rates products, and working as part of a team of professionals who execute over £750bn in government bonds and derivatives every year. We are looking for a detail orientated, enthusiastic, proven self-starter with a strong work ethic to focus on trading G10 government bonds and associated derivatives (including cleared interest rate swaps).

This is an execution role with a high degree of interaction with portfolio managers, counter parties, and clients. As such, excellent stakeholder management skills are required. Knowledge of government bond markets, particularly the UK, and associated trading platforms is preferred, as is a strong quantitative skillset.

• Executing a range of Fixed Income Rates orders in line with regulatory standards, internal policies, procedures and risk management protocols
• Providing investment teams with market commentary, daily feedback and guidance on traded and open positions
• Developing trading protocols, including building automated workflows and exploring opportunities to leverage AI
• Building trusted relationships with internal stakeholders, counter parties and clients
• Partnering with the Trading Research team to analyse, process and interpret trading data to improve client outcomes
• Expanding your knowledge across other instruments to provide effective cover across the trading desk
• Collaborating with colleagues across the Global Markets team, including traders in Hong Kong and Chicago

• A degree or equivalent practical experience, ideally within finance, economics or another quantitative discipline
• Progression towards professional qualifications (IMC, CFA) is advantageous

• Experience with in financial markets, asset management or trading, with the capability and ambition to develop as a Fixed Income Trader
• Knowledge of government bond markets, particularly the UK market, and associated trading platforms
• Strong analytical and quantitative skills, with the ability to interpret complex data
• Clear and effective written and verbal…