Desk Assistant - CDS Index

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-alltrading 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 OverviewA credit default swap (CDS) is a derivative contract that allows an investor to hedge against the risk of default on a debt instrument, such as a bond or loan, issued by a specific entity (the reference entity). In a CDS transaction, one party (the protectionbuyer) pays a periodic fee to another party (the protection seller) in exchange for protection against the default of the reference entity. If the reference entity defaults on its debt obligations, the protection buyer receives compensation from the protectionseller. Investors use CDS indices for various purposes, including hedging against credit risk, speculating on changes in credit spreads or market sentiment, and gaining exposure to specific sectors or regions of the credit market. CDS indices are also usedas benchmarks for evaluating credit market performance and as underlying instruments for trading and investment products, such as exchange-traded funds (ETFs) and structured notes. This is an entry level role and will provide the successful application with on-the-job training and vast exposure to the fast-paced financial markets. As a Desk Assistant you will be key to providing complete support to the brokers for the smooth running ofthe desk. Whilst this role will initially cover desk administration duties, there is scope to progress to a Trainee Broker role, subject to passing exams, demonstrating consistent performance and building your career in the broking industry. You do not require a degree for this opportunity but GCSEs. A-Levels or equivalent qualification(s) are required. Role Responsibilities

• Promote TP ICAP group.
• Ensure timely input of trades into trading systems.
• Resolve any trade queries received internally and externally, and ensure any trade discrepancies are resolved in a timely manner.
• Keep trade records up to date.
• Update real-time electronic whiteboards with market data.
• Provide input on various projects for brokers and traders.
• Provide trade details to brokers and traders on a daily basis.
• General administrative duties across the desk.
• Monitor markets, keep up to date with financial news and geo-political events that impact the financial markets.

Experience / CompetencesEssential

• Qualifications at GCSE level is required as a minimum.
• Keen interest in the financial markets and the economy.
• Demonstrated knowledge and experience using Microsoft Excel.
• Hard working and willingness to learn.
• Build relationships and networks with both internally and externally wherever possible.

Desired

• Previous work experience within a back or middle office position.
• Handles situations and problems effectively using own initiate.
• Demonstrates ability to work effectively with others.
• Seeks opportunities for improvements.
• Demonstrates high levels of energy in seeking out and achieving new goals.
• Ability to work effectively in a high-pressure environment, can keep emotions under control in difficult situations.
• Works ethically and shows respect for both professional and company values.

#ICAP Not The Perfect FitConcerned 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 enthusiasticabout this role but find that your experience doesnt 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 dedicatedTalent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Dont hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us. Company StatementWe know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. Thats why were building a culture where everyone plays a part in making people feel welcome, ready and willing tocontribute. 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. LocationUK - 135 Bishopsgate - London