Senior Fixed Income Trader

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At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed‑income, and multi‑asset capabilities to individuals, advisors, institutions, and retirement‑plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences.

T. Rowe Price is seeking an experienced Senior Macro / Cross‑Asset Fixed Income Trader to join its London‑based Global Fixed Income Trading platform. This role is designed for a senior market practitioner with broad exposure across Eurozone and UK rates, FX, and EM local markets, with the ability to manage and express macro risk across asset classes. The position carries direct responsibility for risk ownership, execution, and macro‑driven alpha generation within a long‑term, institutional investment platform.

Success in this role requires sound market judgment, disciplined risk management, and the ability to translate macro views into liquid, scalable trade expressions aligned with portfolio objectives.

• Develop and implement macro strategies across Eurozone and UK rates, FX, and EM local markets.
• Express views through curve, basis, volatility, FX‑rate linkages, and cross‑market relative‑value structures.
• Manage exposures across interest‑rate swaps, government bond futures, options, FX forwards and options, and EM local instruments.
• Translate central bank policy, inflation dynamics, growth trends, and geopolitical developments into actionable trading decisions.
• Execute efficiently across varying liquidity conditions, leveraging established sell‑side relationships.
• Partner closely with portfolio managers, strategists, and risk teams to align trading activity with broader investment objectives.

• 7–10+ years of front‑office trading experience in macro, rates, FX, or cross‑asset markets at a leading asset manager, investment bank, or macro‑oriented platform.
• Demonstrated risk ownership, with experience managing meaningful exposures across market cycles, including periods of elevated volatility.
• Strong coverage of Eurozone and UK rates, with practical experience linking rates views to FX and broader macro risk.
• Working knowledge of FX markets, including spot, forwards, and options, and how FX interacts with rates and global risk sentiment.
• Experience in EM local markets, including local rates and currencies, with an understanding of liquidity and policy risk.
• Clear communication skills, with the ability to articulate trade rationale, risk, and outcomes to portfolio managers and senior stakeholders.
• Proven execution capability, including comfort operating in less liquid or fast‑moving market conditions.

• Prior experience in a cross‑asset or global macro seat with responsibility spanning rates and FX rather than a single‑product mandate.
• Familiarity with rates or FX volatility trading, including options‑based structures.
• Experience working within a large, long‑only institutional platform alongside portfolio managers.
• Strong analytical orientation; comfort using data, analytics, or simple tools to inform risk decisions.
• Exposure to multiple regions beyond Europe, including Asia or Lat Am, from a macro or EM local perspective.
• Informal leadership or mentoring experience within a trading team.

This role offers the opportunity to operate as a senior risk‑taker within a globally integrated fixed income platform that values judgment, collaboration, and long‑term performance. The position provides meaningful responsibility,…