Senior Investment Dealer (Permanent)
Location: Edinburgh | Closing date: 1st July 2026
Responsibilities
- Execute Fixed Income and High Yield credit trades in line with fund manager instructions, ensuring best execution across price, liquidity, speed and settlement considerations.
- Sourcing and accessing liquidity across multiple counterparties and trading venues, with particular expertise in credit markets.
- Exercise sound judgement in volatile or constrained market conditions, advising on optimal execution strategies, trade timing and order structuring.
- Maintain up‑to‑date knowledge of High Yield bond markets, credit structures, covenant features, capital structures and secondary market dynamics.
- Act as a subject‑matter expert on credit market conditions, flows and technicals, proactively sharing insights with Fixed Income investment teams.
- Receive, manage and accurately process orders via the Order Management System, ensuring timely updates on execution status, amendments or cancellations.
- Operate fully within MiFID, SMCR (Certified Person), best execution and market conduct requirements applicable to Fixed Income dealing activity.
- Identify, escalating and manage execution risks, liquidity risks or market conduct concerns, ensuring appropriate governance and documentation.
- Build strong, professional relationships with Investment Managers, Risk, Compliance, Operations and external broker counterparties.
- Support system enhancements, process reviews and regulatory change initiatives impacting Fixed Income execution.
Qualifications
- Strong technical understanding of Fixed Income instruments, with particular depth in credit markets (including High Yield and less liquid credit), bond structures, liquidity characteristics and secondary market behaviour.
- Proven ability to deliver best execution across a range of market conditions, including illiquid, volatile or stressed credit markets.
- In‑depth knowledge of market mechanics, pricing, spreads and trading conventions relevant to credit markets.
- High competence in the use of Order Management Systems (OMS) and associated trading, confirmation and reporting controls.
- Significant experience in an Investment Dealing / Trading role within Fixed Income credit markets, with demonstrable exposure to High Yield execution.
- Experience working closely with Investment Managers to advise on trade timing, execution approach and liquidity considerations, particularly for complex or size‑constrained orders.
- Experience operating within a highly regulated environment, with a strong understanding of MiFID, market conduct, best execution and internal control requirements.
- Strong judgement and decision‑making capability, particularly under time pressure and market stress.
- Excellent communication skills, with the ability to explain market conditions, execution considerations and outcomes clearly to investment colleagues.
- High attention to detail and control discipline, ensuring accuracy of execution, system updates and trade records.
Benefits
- Competitive salary, depending on experience.
- Non‑contributory pension between 9%–13%.
- Discretionary bonus, dependent on personal and company performance.
- 27 days leave per year (plus bank holidays, pro‑rated for part‑time).
- Private medical cover, life assurance, critical illness cover and enhanced parental leave.
- Lifestyle benefits: retail discount vouchers, Cycle2Work scheme, subsidised restaurant and online GP appointments.
Right to Work
You must have the right to work in the United Kingdom.
Equal Opportunity Employer
Aegon Asset Management is an equal opportunities employer and welcomes applications from all suitably qualified persons regardless of race, sex, disability, religion/belief, sexual orientation or age.
