Trainee Broker - Israeli Products
  • England,London
  • full-time
  • Competitive salary
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 world’s 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 world’s 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

Israeli products typically refer to financial instruments that are tied to the Israeli market / economy. These products are traded or brokered on behalf of clients and may include:
*Fixed Income: Interest Rate Swaps and Bonds issued by the Israeli government.
*Money Market: FX forwards which involves ILS (typically USD/ILS) and funding.
*Derivatives: Swaptions, futures, or other derivative products linked to Israel.
Israel has a robust and innovative economy, driven by industries like technology, pharmaceuticals, and defence. Investors may seek exposure to Israeli markets for diversification or to capitalise on specific growth sectors. While traditionally part of Emerging Markets (EM), Israel is also considered an OECD (Organisation for Economic Co-operation and Development) country, and its economy have been facing a lot of challenges in the recent year, given the security situation in the region. Brokers specialising in Israeli products cater to these needs by offering expertise, insights, and tailored services in this niche market.

This entry-level role is an excellent opportunity for someone passionate about financial markets, eager to learn, and ready to build a career specialising in EM. You will receive comprehensive training and mentorship to develop the skills and knowledge necessary to excel in broking, with a focus on Israeli Products. This is a unique opportunity to get exposure to a multiple-asset desk and not be confined to a single product.

Role Responsibilities
*Promote TP ICAP Group.
*Provide complete support to the brokers for the smooth running of the desk.
*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.
*Identify trade opportunities and calculate strategies.
*Keep trade records up to date.
*Update real-time manual / 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.
*Give live quotes to traders through the messaging systems.
*Monitor markets and follow financial news and developments.
*Understand the underlying products being traded and keep up to date with knowledge of new products/procedures.
*Liaise with clients, (via telephone and face to face) to understand the business objectives of your clients as to provide a reliable and efficient broking service.
*Develop new business with existing clients and on-board new clients following the correct process with the Client On-Boarding team.
Experience / Competences

Essential
*Educated to a degree level (e.g. BA) is advantageous.
*Demonstrated understanding in the financial markets and the economy.
*Familiarity and understanding of the country of Israel and current affairs in relation to financial markets.
*Build relationships and networks with both internally and externally wherever possible.
*Evidences professional and personal integrity at all times.
*Hard working and willingness to learn.
*Good communication skills (written and verbal).
*Handles situations and problems effectively using own initiate.
Desired
*Verbal Hebrew language skills would be advantageous.
*Can form and build relationships and networks with both internally and externally with ease.
*Demonstrates ability to work effectively with others.
*Seeks opportunities for improvements.
*Demonstrates high levels of energy in seeking out and achieving new goals.
*Self-starter who can use their own initiative.
*Ability to work effectively in a high-pressure environment, can keep emotions under control in difficult situations with proven resilience.
Band / Level
*Professional / 4
#ICAP

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
Job number 1728833
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