Desk Assistant – Sterling MIRS

Overview

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 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

This is an entry-level opportunity to join ICAP’s Sterling MIRS (Money Markets & Interest Rate Swaps) desk, offering hands-on exposure to the fast-paced and highly dynamic financial markets environment.

As a Desk Assistant, you will play a critical role in supporting brokers with the smooth and efficient running of the desk. The position provides foundational experience across trade support, market monitoring, and operational processes, forming a key entry point into the interdealer broking industry. While the role initially focuses on desk administration and trade support, there is a clear pathway to progress into a Trainee Broker position. Progression is based on consistent performance, development of market knowledge, and successful completion of relevant industry qualifications.

This role is well suited to early-career candidates (e.g. recent school/college leavers or individuals seeking a second move) with a genuine interest in financial markets and a strong desire to build a long-term career in broking.

Key Responsibilities

• Provide day-to-day administrative and operational support to brokers on the Sterling MIRS desk.
• Accurately input and maintain trade data in internal trading systems in a timely manner.
• Monitor and reconcile trade details, investigating and resolving discrepancies with internal and external stakeholders.
• Maintain up-to-date and accurate trade records, ensuring data integrity at all times.
• Update real-time electronic trading boards and systems with live market information.
• Support brokers by preparing and distributing trade runs and market updates.
• Actively monitor sterling interest rate markets (e.g. SONIA, short-term interest rate products) and stay informed on relevant financial and macroeconomic developments.
• Assist in identifying market trends and supporting brokers with pricing and trade-related queries where appropriate.
• Contribute to desk projects, reporting, and process improvements.
• Maintain high standards of professionalism, accuracy, and confidentiality in all tasks.
• Represent TP ICAP Group positively, demonstrating strong alignment to its values and reputation.

Experience & Competencies

Essential

• Educated to GCSE and/or A-Level standard (or equivalent).
• Demonstrable interest in financial markets, economics, and trading environments.
• Strong attention to detail with a high degree of accuracy in data handling.
• High level of computer literacy, including proficiency in Excel and general systems.
• Strong work ethic with a proactive approach and willingness to learn.
• Ability to perform under pressure in a fast-paced, high-volume environment.
• Strong interpersonal skills and ability to work effectively within a team.
• Professional, reliable, and aligned to high ethical standards.

Desirable

• Basic understanding of interest rate products, money markets, or fixed income instruments (e.g. SONIA, LIBOR transition context, swaps).
• Previous work experience (internship, placement, or prior role), ideally within a professional or financial services environment.
• Ability to use initiative to solve problems and improve processes.
• Strong communication skills with the confidence to interact with internal and external stakeholders.
• Demonstrated ambition and motivation to progress into a broking career.
• High energy, resilience, and a results-driven mindset.

Band & Level

• Support / 3

#ICAP #LI-Onsite #LI-ENT

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 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.

Location

UK - 135 Bishopsgate - London