Senior Rates Trader

Job ID: 2872

We are looking for a Senior Rates Trader to join our Cross Asset Trading team. The team trades a broad range of cash and derivatives products, including Interest Rate Swaps, Inflation Swaps, xCCY Swaps, Swaptions, Options and Bonds (Government, SSA and Covered).

We are seeking someone with extensive experience within rates and derivatives, who will thrive in optimising derivatives trading from an investment perspective as an Asset Manager.

You will share responsibility for trading on the desk, as well as improving data-driven decision-making and engaging with portfolio managers to align trading outcomes.

The role is a full-time position based in Copenhagen, Denmark.

About our team

Cross Asset Trading focuses on Rates and Derivatives, utilising both systematic trading frameworks and high-touch trading to optimise based on the underlying market microstructure. The team is dedicated to improving trading outcomes by using data-driven decision-making.

We work based on trust, open communication and a strong feedback culture. We add value by minimising trading costs, ensuring best execution for our clients, finding liquidity and ensuring capacity for investments. We work closely as a unified team with all our internal and external stakeholders.

Our team is part of the Global Trading organisation within Nordea Asset Management. Global Trading is responsible for order generation and trade execution on behalf of portfolio managers and clients across all asset classes.

Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us.  

What you’ll be doing

Main responsibilities in this role:

• Trade orders and minimise trading costs across multiple asset classes by managing liquidity efficiently
• Address trading capacity limitations across various market conditions and liquidity regimes
• Work closely with portfolio managers to align investment objectives with trading outcomes
• Perform quantitative analysis for execution reviews and ensure best execution for all traded instruments
• Identify new trading opportunities and improve execution efficiency across products
• Contribute to the design, development and enhancement of trading models and frameworks

You will join a motivated and experienced trading team that values a cooperative environment, where you can draw on your team’s expertise and commitment to excellence.

Who you are

As a person, you are passionate about the financial markets, and being part of an ever-changing, fast-paced environment is what gives you energy. Facing a steep learning curve from the beginning is something you feel excited about, while you also enjoy sharing your honest opinions and are happy to challenge the status quo.

With a hunger to improve, you continuously strive to optimise outcomes with a commercial mindset and eagerly take ownership to drive results.

At the same time, you possess strong stakeholder management skills which enable you to build relationships and influence outcomes, both internally and externally.

Your background and skills include: 

• 5–10+ years of experience in front-office trading, market-making, margin management, balance sheet optimisation of listed or OTC derivatives, or a similar role
• Expert knowledge within rates derivatives from both a theoretical and practical perspective
• Ability to clearly communicate and interact with portfolio managers regarding trading outcomes
• Academic degree in Economics, Finance, Mathematics, Engineering or similar
• Comfortable using data and analytics to make informed trading decisions
• Coding experience (such as SQL, Python, etc.)

It would be ideal if you also: 

• Have experience with OMS and EMS systems (ideally SimCorp, FlexTrade and Bloomberg)
• Have experience in best execution, equal treatment of clients, and regulatory frameworks around trading (MiFID, UMR and EMIR)

What we offer

People come here when they want to get somewhere. For some, it’s to take their career to the next level. For others, it’s to break new ground within their area of expertise – in other words, with us, you will always move forward.

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment.

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility.

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve diversity and inclusion within our community e.g. we have signed the European Diversity Charters in the countries where we operate to show our commitment and engage with others to continue learning and improving.

If this sounds like you, get in touch!

Next steps

Submit your application no later than 31/03/2026.

For more information, you’re welcome to contact Kasper Folke at kasper.folke@nordea.com.

We enable dreams and aspirations for a greater good.

We build relationships. We add a personal touch to everything we do – when advising our customers, collaborating with colleagues, and meeting our potential candidates.

We learn and develop. We take pride in being experts and thinking ahead. We use our expertise to meet our customers’ needs, from the simplest to the most complex. We bring a growth mindset to our work that enables us to focus on a broader perspective in our daily challenges.

We lead change. We are responsible and aware of the impact of our decisions, both for our customers and for our local and global communities. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy.

We are Nordea. We have a 200-year history of supporting and growing the Nordic economies and our values are deeply rooted in these open, progressive and collaborative societies. As one of the biggest employers in the Nordics, Poland and Estonia, you have excellent opportunities to evolve, develop and move forward with us.