Desk Assistant - Sovereign, Supranational & Agency

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.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries.  We are 5,200 people strong.  We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About TP (Tullett Prebon)

A world-leading intermediary in the wholesale financial and energy markets, Tullett Prebon seeks to maximise value for its clients' trading activities across voice, hybrid and pure electronic channels.

We offer broking services for a wide range of asset classes, including Equities, Credit, FX, Rates and Insurance Derivatives. 

Across all asset classes, Tullett Prebon offers e-solutions to give clients the choice to enter prices and execute trades electronically and directly via one of our hybrid electronic trading systems, or to engage with brokers to help identify and negotiate trades.

Role Overview

This is an entry-level opportunity to join a TP ICAP SSA (Sovereign, Supranational & Agency) desk, providing exposure to a core segment of the global fixed income markets comprising government and quasi-government issuers.

As a Desk Assistant, you will play a critical role in supporting brokers with the smooth and efficient running of the desk in a fast-paced, high-volume trading environment. You will gain hands-on experience across trade support, market monitoring, and operational processes while developing a strong foundation in SSA products, including supranational bonds, agency issuance, and government-related credit. The role is designed as a pipeline into a Trainee Broker position, with progression dependent on performance, market knowledge development, and demonstration of core broking competencies.

This opportunity is best suited to early-career individuals with a genuine interest in financial markets, particularly fixed income, and a clear motivation to build a long-term career within TP ICAP.

Key Responsibilities

• Provide day-to-day operational and administrative support to brokers on the SSA desk, ensuring the efficient running of trading activity.

• Accurately capture and maintain trade details within internal systems, ensuring timely and precise data entry across SSA products.

• Monitor, validate, and reconcile trades, proactively investigating and resolving discrepancies with brokers, counterparties, and support teams.

• Maintain robust data integrity and audit-ready records at all times in line with regulatory and internal standards.

• Update live trading screens and electronic platforms with real-time SSA market prices, flows, and activity.

• Support brokers with the preparation and distribution of trade runs, axes, and market colour specific to SSA issuance and secondary market flows.

• Actively monitor SSA markets, including: Supranational and agency bond issuance / Government-related credit spreads / Sovereign yield curves and macro influences

• Stay informed on macroeconomic developments, central bank policy, and funding activity impacting SSA issuers.

• Assist brokers with price discovery, liquidity identification, and market context across SSA instruments.

• Contribute to desk reporting, process improvements, and operational efficiency initiatives.

• Build strong working relationships across front office, middle office, and external counterparties, including banks, asset managers, and official institutions.

• Uphold high standards of professionalism, accuracy, confidentiality, and conduct, aligned to TP ICAP’s regulatory environment.

• Represent TP ICAP with integrity, demonstrating alignment to the firm’s values and reputation in the market.

Experience & Competencies

Essential

• Educated to GCSE and/or A-Level standard (or equivalent).

• Demonstrable interest in financial markets, particularly fixed income, rates, or government-related debt markets (SSA).

• Strong attention to detail, with the ability to manage and process high volumes of data accurately.

• High level of numeracy and systems proficiency, including Excel.

• Strong work ethic with a proactive, can-do attitude.

• Ability to perform effectively in a high-pressure, fast-paced trading environment.

• Strong communication and interpersonal skills, with the ability to work collaboratively within a team.

• Professional, reliable, and aligned to high ethical and conduct standards.

Desired

• Basic understanding of SSA instruments, (e.g.  Supranational bonds, Agency issuers or Sovereign yield curves and spread dynamics).

• Awareness of fixed income market structure, including primary issuance and secondary market trading.

• Previous experience in a financial services or professional environment (internship, placement, or entry-level role).

• Strong commercial awareness and curiosity about global macroeconomic and credit markets.

• Ability to use initiative to solve problems and improve processes.

• Confident communication style with the ability to engage with internal and external stakeholders.

• Demonstrated ambition to progress into a broking career within fixed income markets.

• Resilience, energy, and a results-driven mindset.

Band & Level

• Support / 3

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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 driving continuous cultural improvement. 

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