Role Overview: 

This graduate opportunity sits at the intersection of technology and trading within the ICAP Relative Value (ICRV) Fixed Income execution team. It is designed for a technology-driven analyst who wants to build and own the robust tools and data capabilities that power the desk, while gaining first-hand exposure to trade execution. 

The role operates on a 70/30 split: approximately 70% of your time will focus on technology, analytics, and tooling, while the remaining 30% provides a guided rotation into execution workflows. During this rotation, you will undertake a year-long training program and complete the necessary exams to become a fully registered broker. As part of a truly global team, you will collaborate daily with international colleagues to drive the desk’s performance. 

The position emphasises designing and maintaining Excel-based applications, data pipelines, and analytics tools that drive the desk’s decision-making, all while supporting day-to-day trading operations. The right candidate is autonomous, detail-oriented, and comfortable with data. We are looking for someone motivated to learn how technology and execution intersect in fixed income markets, who possesses strong communication skills and the ability to work under pressure in a small team. This is an exciting opportunity to be part of a highly experienced team and would be perfect for somebody looking to start their career in Financial Services. 

Development Programme  

Phase 1 - Execution Learning & Training (Months 0–3): 

• Build a practical foundation in the fixed income execution lifecycle, controls, and desk workflow— while completing licensing requirements. 

• You will absorb the fundamentals of Fixed Income (Bonds, IR Futures, Options) and the relative value concepts that drive our business. Simultaneously, you will map out our technical infrastructure, learning how our tools ingest data and inform strategy. 

• You will have the ability to navigate the desk’s workflow and identify optimizations. 

Phase 2 - Execution Rotation (Months 3–9): 

• Apply Phase 1 learning in supervised production workflows, focusing on operational discipline and risk controls. 

• A guided rotation into live execution workflows. You will perform supervised trade input, reconciliation, and quote support  

• You will use this user experience to re-engineer our tools, applying your first-hand trading experience to fix pain points in the technology stream. 

Phase 3 - Data & Engineering Track (Months 9+): 

• Learn and apply technology foundations to build scalable, reliable tools and data capabilities for the desk. 

• With your exams complete and market knowledge secured, you will pivot to deeper data engineering. 

• Leading initiatives in development, optimization, and exploring advanced languages (Python/VBA) to future-proof the desk’s capabilities. 

Workplace: On site in Florida, 5 days in-office 

Role Responsibilities 

Technology 

• Design, build, and maintain robust Excel-based applications that power the desk’s pricing, valuation, and risk management, utilizing advanced formulas, data models, and VBA. 

• Architect reproducible workflows to ingest, clean, and validate market and trade data, ensuring the desk has access to accurate, real-time analytics for decision-making. 

• Create and maintain a library of BPMN diagrams to visualise and document desk workflows, helping to map out current trading processes and new technical developments. 

• Analyse daily workflows to identify manual inefficiencies (e.g., in market reporting or data entry) and build automated tools to speed up these processes. 

• Assist in integrating desk-specific tools with the team’s core trading systems, helping to maintain data feeds, spec connections, and help test feature changes. 

Trade Execution 

• Ensure timely input of trades into trading systems. 

• Resolve any trade queries received internally or externally and ensure any trade discrepancies are resolved in a timely manner. 

• Identify trade opportunities and calculate strategies. 

• Keep trade records up to date. 

• Give live quotes to traders through the messaging systems. 

• Monitor markets and follow financial news and developments. 

• Liaise with clients, via telephone and face to face, to provide a reliable and efficient broking service. 

• Fulfil additional / ad hoc duties as required to meet the needs of the business. 

Experience / Competencies 

Essential 

• Educated to a degree level – ideally with a technology based or highly numerical/analytical degree, with elements of finance. 

• Demonstrable passion for data with the ability to interpret complex quantitative information and explain it to non-technical audiences. 

• Software development skills – any programming language, any environment; ability to produce scripts, macros, etc valuable. 

• Advanced Microsoft Excel skills (formulas, lookups, pivot tables, data modelling; VBA essential). 

• Foundational understanding of global financial markets and fixed income concepts (government bonds, interest rate products; equity exposure beneficial). 

• Clear, concise written and verbal communication; able to document processes and collaborate within a small, high performing team. 

• Excellent attention to detail, disciplined approach to data validation, and commitment to operational risk controls. 

• Comfortable working to deadlines in a fast-paced environment; calm under pressure. 

Desired 

• Additional language skills (verbal and written).  

• Solid understanding in statistics 

• Prior experience (internships or projects) supporting front office trading desks or execution workflows. 

• Exposure to Python and/VBA is beneficial; SQL familiarity helpful. R experience is also a plus. 

• Solid understanding of AI models provided by marque brands.