Principal, Cash Markets — US HY & Loans, Remote

otppb

Toronto

Hybrid

CAD 170,000 - 250,000

Full time

6 days ago

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Benefits offered by this job

Growth opportunities

Benefits coverage

Defined benefit pension

Deferred Incentive Program

Hybrid work environment

Job summary

otppb in Toronto seeks a Principal, Cash Markets to lead execution across Cash Markets with emphasis on US High Yield and Loans. The role covers IG Corporate Bonds, CLOs, and CAT Bonds, with potential to back up derivatives trading as needed.

You will coach junior traders, build broker relationships, and collaborate with Credit Portfolio Management, Strategic Asset Allocation, and Modeling teams to optimize pre/post-trade analytics and cost efficiency.

Qualifications

Bachelor's degree required; Master’s degree an asset.
5+ years of credit trading experience with deep US High Yield/Loans focus.
Exposure to credit derivatives (CDS indices/names, TRS) or willingness to learn.

Responsibilities

Own execution and market expertise across Cash Markets with core focus on US High Yield and Loans.
Act as senior escalation point, provide coaching and complex-case support to junior traders.
Mentor associates and foster a collaborative team culture built on open dialogue and constructive challenge.
Transact orders with market analysis; identify liquidity sources and manage dealer access to minimize costs.
Develop knowledge of Derivatives Markets and cross-train toward mutual backup capacity.