Credit Execution Trader

Posted:
9/23/2024, 10:27:19 AM

Location(s):
New York, New York, United States ⋅ New York, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking

Pay:
$111/hr or $230,880 total comp

ROLE

Execution trader on a discretionary macro portfolio management team focused on credit markets.

RESPONSIBILITIES

  • Work with the Portfolio Manager on electronic and non-electronic execution of all credit trades.
  • Maintain strong relationships with a broad set of liquidity providers.
  • Analyze IG new issues and maintain relationships with syndicate desks.
  • Be responsible for position maintenance (e.g., CDS rolls) and be the point person working with the back office for corporate actions.
  • Participate in research projects, including transaction cost analysis and broker/algorithm evaluation.

REQUIREMENTS

  • 3-5 years of work experience as a credit trader in corporate bonds or CDS.
  • Experience with OMS/EMS platforms such as MarketAxess and TradeWeb.
  • Team player, driven, and collaborative.
  • Understanding of order lifecycle from order generation to booking and TCA.
  • Keen intuition for markets and a passion for studying them.
  • Intellectual curiosity with strong social skills.
  • Tenacious, detail-orientated, organized, and proactive about potential operational risks.
  • Strong problem solving and communication skills.
  • Commitment to the highest ethical standards.