at ICAP
OtherPosted 5 days ago
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**Trainee Broker - Credit / Euro Financials** Join TP ICAP's Credit business as a Trainee Broker on the Euro Financials desk, gaining structured training and exposure to global markets. Facilitate liquidity, price discovery, and risk transfer between counterparties, while closely collaborating with experienced brokers and institutional clients. Key responsibilities include operational support, market monitoring, and trade execution. Essential requirements entail foundational Credit market knowledge, strong communication skills, and analytical problem-solving. Familiarity with financial software is desirable. This entry-level role is ideal for motivated individuals eager to succeed in dynamic environments and develop a career in front-office financial markets.
- Compensation
- Not specified GBP
- City
- London
- Country
- United Kingdom
Currency: £ (GBP)
Full Job Description
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 worlds 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 worlds 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
This is an exciting entry-level opportunity to begin a career in frontoffice financial markets within TP ICAPs Credit business. As a Trainee Broker on the Euro Financials desk, you will receive structured onthejob training and gain extensive exposure to fastpaced global markets, working closely with highly experienced brokers and institutional clients. The role is ideally suited to a bright, motivated, and commercially curious individual who thrives in dynamic environments, can think on their feet, and enjoys working both autonomously and collaboratively within a small, highperforming team.
The Euro Financials desk focuses on the trading and intermediation of credit products issued by European financial institutions, including banks, insurers, and other financial entities. These products may include bonds, credit derivatives, and related instruments across the capital structure. The desk plays a critical role in:
Facilitating liquidity between institutional counterparties
Providing price discovery and market colour to clients
Supporting risk transfer and balance sheet management for financial institutions
Interpreting macroeconomic, regulatory, and issuerspecific developments impacting European financial credit markets
You will gain firsthand exposure to how macroeconomic trends (interest rates, monetary policy, regulation) and microlevel issuer fundamentals influence pricing, risk appetite, and trading strategies across European credit markets.
Key Responsibilities
Provide daytoday operational and commercial support to brokers to ensure the smooth and efficient running of the desk.
Develop a strong understanding of the credit products traded within Euro Financials, including market conventions and trade lifecycle.
Monitor market movements, news flow, and macroeconomic developments relevant to European financial issuers.
Deliver live market quotes to traders and clients via messaging systems and trading platforms.
Assist in identifying potential trade opportunities and relative value strategies.
Accurately capture, calculate, and relay trade details and market information to brokers and clients on a daily basis.
Maintain high standards of accuracy, professionalism, and confidentiality.
Act as a positive ambassador for TP ICAP Group, promoting its values and reputation with internal and external stakeholders.
Experience & Competencies
Essential
Foundational knowledge of Credit markets, financial products, and investment strategies.
Demonstrated interest in financial markets and economic drivers.
Excellent verbal and written communication skills.
High attention to detail, with the ability to interpret and translate data clearly.
Proven ability to perform under pressure in a fastmoving, commercially driven environment.
Proven analytical and problemsolving mindset.
High ethical standards and a commitment to responsible client service and market conduct.
Desired
Additional European language skills (written and spoken).
Familiarity with financial software, market data platforms, or trading systems.
Strong relationshipbuilding skills and the ability to work effectively within a team.
Demonstrable interest in macro and microeconomic trends, particularly in Europe.
High levels of energy, resilience, and motivation to learn, develop, and progress within a frontoffice environment.
Band & Level
Professional / 4
#ICAP #LI-ENT #LI-Onsite
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
