Bond Trader – Peripheral Sovereigns (EGB)
Location: London
Division: Global Markets – Fixed Income
Institution: Leading Investment Bank
Overview
We are working with a leading global investment bank seeking to hire an experienced Bond Trader focused on Peripheral European Government Bonds (EGBs). This is a revenue-generating role within a high-performing Fixed Income desk, requiring a trader with a demonstrable track record of strong P&L generation, deep market expertise, and the ability to operate across both flow and risk positioning.
The successful candidate will play a key role in driving trading performance across peripheral sovereign curves (e.g. Italy, Spain, Portugal, Greece), contributing to both market-making and directional strategies.
Key Responsibilities
- Manage and grow a profitable trading book across Peripheral EGBs
- Take principal risk positions while maintaining disciplined risk management frameworks
- Deliver consistent and scalable P&L, aligned with desk and firm objectives
- Provide liquidity and pricing to institutional clients across cash bonds and related instruments
- Develop and execute relative value and macro-driven trading strategies
- Work closely with Sales, Research, and Structuring to optimise client flow and idea generation
- Monitor macroeconomic developments, central bank policy, and political risk impacting EGB markets
- Ensure full compliance with internal risk limits and regulatory requirements
Key Requirements
- Proven experience trading European Government Bonds (EGBs), with a focus on peripheral markets
- Demonstrable P&L ownership and strong revenue track record
- Strong understanding of rates, spreads, and sovereign credit dynamics
- Ability to price risk confidently in both liquid and less liquid environments
- Experience operating within a flow and/or prop-style trading environment
- Strong analytical and quantitative skill set
- Excellent communication skills, with the ability to engage effectively with Sales and clients
- Degree educated (Finance, Economics, Mathematics or related discipline preferred)
Desirable Skills
- Experience trading related derivatives (futures, swaps, CDS)
- Established relationships with key institutional clients
- Strong grasp of ECB policy and European macro landscape
Why Join
- Opportunity to join a top-tier Fixed Income platform with strong balance sheet support
- High visibility role with direct impact on desk revenue
- Collaborative environment with access to leading market research and infrastructure
- Competitive compensation structure aligned to individual P&L performance