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Senior VP/Director, Interest Rate Options Trader

RBC Capital

RBC Capital

London, UK
Posted on Monday, June 10, 2024

Job Summary

Vanilla Interest Rate Options Trader

Job Description

What is the opportunity?

This is a fantastic opportunity to join our Structured Rates Trading desk here in London to grow the vanilla options business with primary focus on GBP and EUR interest rate volatility products. This is a client facing role in an expanding franchise. The successful candidate will be expected to drive revenue growth, increase client connectivity and direct the progressive development of the trading platform.

What will you do?

  • Active Market Making of interest rate options products to bank clients
  • Manage market risk exposure of the portfolio
  • Interact with clients and colleagues to provide market insights and trading strategies, seeking to grow client footprint and liquidity provision
  • Proactively position the portfolio to accommodate anticipated client flows within the desk's risk appetite
  • Guide the London Vanilla Options team to help realise desk goals and responsibilities, and support career development
  • Facilitate structured notes issuance
  • Coordinate with the SRT, IT and Quant teams to improve tooling and operational infrastructure
  • Ensure accurate booking of transactions and reconciliation of risk and P&L

What do you need to succeed?

  • Extensive mid/senior level experience in an IR Options Trading role essential
  • Able to demonstrate confident market making abilities providing liquidity to clients
  • Ability to effectively interact with external clients and internal Sales
  • Deep understanding of the market and products
  • Knowledge of the relevant market participants, and sources of volatility product demand and supply
  • Highly collaborative with a drive to grow the business
  • Strong communication skills
  • Analytical thinker with excellent risk management acumen
  • Keen to employ technology to enhance productivity

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Opportunities to work with the best in the field
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services

Job Skills

Financial Regulation, Investment Consulting, Investment Risk Management, Performance Management (PM), Portfolio Management, Securities Laws, Trade Client Reporting, Trade Processing

Additional Job Details






United Kingdom

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Employment Type:

Full time


Capital Markets

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Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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