Job Description

Position Summary

The primary obligations for this post include:

Driving the acquisition of commission-based income for the firm.
Generating market liquidity for the desk by identifying and securing pricing and interest from various counterparties.
Pioneering fresh commercial opportunities while cultivating and strengthening existing professional accounts.

Successful applicants must complete mandatory regulatory certifications to achieve SMCR status. This involves passing the CISI UK Regulations examination (incorporating the Integrity Matters assessment) and either the CISI Derivatives or Securities exam. The specific technical exam required is determined by the assigned asset class or product department.

Upon meeting these testing requirements, the employee will be officially certified under the SMCR framework. Prospective candidates should be aware that the professional designation of Junior Broker will be maintained for at least half a year before a transition to a full Broker status is considered.

Legal and Regulatory Oversight

This position is classified as a “Certified” function under the Senior Manager & Certification Regime (SMCR).

The staff member is expected to conduct all business activities in strict alignment with Financial Conduct Authority (FCA) mandates and other pertinent legal standards. It is essential to maintain comprehensive awareness of, and adherence to, specific desk protocols, compliance frameworks, and broader corporate policies.

Core Competencies

Ideal candidates must exhibit the following characteristics:

Exceptional professional ethics, personal reliability, and industry reputation.
A self-assured and engaging demeanor capable of fostering meaningful connections with clients and internal partners.
Strong mental toughness, determination, and a goal-oriented mindset suited for a high-intensity, demanding trading floor.
The ability to stay self-driven and apply independent judgment.
Superior verbal and written negotiation skills with the capacity to persuade stakeholders towards favorable conclusions.
A collaborative spirit who integrates well with peers to build productive team dynamics.
Acting as a representative of the company’s fundamental values and reporting any concerns regarding market behavior or individual ethics.
A dedicated commitment to advocating for diversity and equity within the immediate team and the wider firm.

Technical Requirements

Meticulous precision and attention to detail.
Advanced proficiency in technical applications and Microsoft Excel.
Robust mathematical aptitude with the ability to perform intricate data modeling and analysis.
Current and comprehensive understanding of relevant financial products and regulatory landscapes.

Risk Management and Control

The employee is tasked with supporting the following operational control structures:

Daily Operational Controls

Conducting pre-trade verification (confirming orders arrive via sanctioned platforms, checking client and asset eligibility, and ensuring trade entries align with risk parameters).
Executing mid-trade monitoring (verifying that order volumes fall within “fat finger” error thresholds and ensuring appropriate brokerage rates are applied).
Performing post-trade validation (ensuring execution data is logged correctly and reported within legal timeframes, validating client confirmations, and matching trade legs in the open market).
Continuous daily collaboration with back-office and middle-office units to resolve exceptions such as trade cancellations, credit limit breaches, or settlement failures.
Providing end-of-day desk sign-offs (where delegated).

Additional Governance

Strict compliance with all financial risk thresholds, such as credit cap utilization.
Supervision and coordination of Desk Assistants or Trade Input staff.
Ensuring services are provided exclusively to fully onboarded and CDD-cleared clients.
Maintaining vigilance regarding legislative updates and market innovations.
Actively monitoring industry trends and the launch of new strategic firm initiatives.

Job Data Table

Category	Details
Company Name	BGC Group
Location	London, United Kingdom
Locality	City of London
Country	United Kingdom
City	London
Region	Greater London
Job Type	Internship
Salaries	£28,800 – £43,200
Experience Level	Junior
Travel	None
Language	English
Benefits	World-class mentorship, SMCR certification support, competitive commission

Skills & Competency Table

Key Skill	Level
Microsoft Excel	Advanced
Numerical Analysis	Expert
Negotiation	Expert
Regulatory Knowledge (FCA/SMCR)	Intermediate
Communication	Expert
Attention to Detail	Expert

Salaries Pay Calculator Table

Annual Salary	Bonus	Total Compensation	Notes
£28,800	Uncapped Commission	£40,000+	Entry-level base for the internship period.
£36,000	Uncapped Commission	£55,000+	Median OTE for achieving standard targets.
£43,200	Uncapped Commission	£75,000+	Upper base range with significant revenue growth.

Job Summary

This Junior Broker role on BGC’s Relative Values Desk focuses on generating commission and liquidity in the City of London. Candidates must obtain CISI and SMCR certifications. The role requires high resilience, numerical expertise, and strict adherence to FCA regulations while transitioning from a junior to a full broker within six months.

5 FAQs

What is a “Relative Values Desk”? It is a trading desk that focuses on identifying and exploiting price discrepancies between related financial instruments.
Is SMCR certification mandatory? Yes, you must pass specific CISI exams to become a Certified Person under FCA regulations.
How long is the training period? You will hold the Junior Broker title for a minimum of six months before progressing.
Are technical skills required? Yes, candidates need strong Microsoft Excel skills and high numerical analysis capabilities.
Is this a sales role? Yes, it involves generating commission revenue and developing client relationships.

Expert Analysis

In 2026, entry-level roles at firms like BGC Group are increasingly technically demanding. The Relative Values Desk requires a unique blend of “old school” negotiation grit and modern data analysis. Mastering the SMCR framework early is a significant career advantage, as it formalizes your regulatory standing in the global financial market.

Location & Logistics Guide

The role is located in the City of London, the primary global hub for brokerage and financial services. Logistics are centered around Canary Wharf or the Square Mile, offering unparalleled access via the Elizabeth Line and Tube. This high-density area is optimized for real-time market interaction. Wikipedia URL:https://en.wikipedia.org/wiki/City_of_London

Career Path

Junior Brokers typically move into a full Broker role after six months. From there, the path leads to Senior Broker or Desk Head positions. High performers may transition into Account Management or specialize in complex derivatives, often moving into executive leadership within BGC’s global network across major financial capitals.

To apply for this job please visit talents.studysmarter.co.uk.