Trader Internships

Graduate Rates Trader

Scope of the role

This is a rare opportunity for a graduate to join B2C2 and to assume trading responsibility within their first 6 months. You will learn from experienced traditional finance and crypto professionals with combined experience of 50+ years alone within the crypto industry.

B2C2’s Funding Desk is London-based, and responsible for a variety of products, strategies, and business lines, each related to trading interest rates. The desk generates P&L through a variety of sell-side OTC client flow, and proprietary high-frequency trading. We extract the interest rate component of derivatives by creating delta-neutral structures – products we trade include futures, forwards, CFDs, spot, loans, plus novel crypto products. Funding impacts every trade, whether in crypto or traditional finance – so this role offers a unique perspective from which to build broad trading knowledge. It’s one of the fastest growing areas of the firm.

Roles and responsibilities

• Manage the overall market risk of the Funding Desk portfolio - rates, liquidity, liquidation, credit, and delta risks.
• Manage the algorithms for proprietary strategies on crypto exchanges
• Interact with clients for OTC trading - pricing, quoting, execution, and product queries.
• Monitor opportunities and dislocations in markets as they present themselves, taking decisive action to capture value.
• Work closely with Tech and Operations to ensure smooth 24/7 trading
• Preferable, but not essential: use python for quantitative research, automation, and enhancing/building systematic strategies

What we're looking for:

• Completed university degree in a numerical subject
• Clear communication skills
• Ability to work in a fast-paced fluid environment and handle pressure in such an environment
• Keen interest in financial and crypto markets
• An entrepreneurial mindset and a natural intuition for risk
• Highly determined individual, with an eagerness to learn
• Preferable, but not essential: good python programming skills, especially pandas

Requirements:

• Demonstration of honesty, integrity and good reputation
• Excellent teamwork and relationship management skills and a demonstrated ability to work both on own initiative and as part of a team
• Ability to develop new skills and understand market developments as required
• Aware of the importance of considering risk management and compliance issues.
• Continually demonstrates application of group policies and relevant regulatory framework
• Prior trading experience and knowledge isn’t required for this role – however, mental curiosity to solve markets-related problems is required

UK Benefits:

• The opportunity to grow at a fast pace in meritocratic environment
• Performance review and discretionary cash bonus paid every 6 months
• 25 days holiday (plus bank holidays)
• Private Medical Insurance (BUPA)
• Life assurance
• Group Personal Pension with Royal London (3.5% e’ee contribution, 5.5% e’er contribution)
• Group Income Protection
• Refreshments and drinks
• Enhanced maternity/paternity leave
• Exciting social calendar
• Flexible working
• Recognition awards