Credit Trader

Leonteq AG; Zürich; Vor Ort; CHF 120’000 - 180’000; Vollzeit

Zusammenfassung

Leonteq AG, a leading Swiss fintech company, is seeking an experienced Credit Trader. The successful candidate will focus on synthetic credit derivatives, managing risk and executing trades. This high-pressure role requires strong analytical skills and a deep understanding of credit markets, ensuring compliance with all regulatory requirements.

Qualifikationen

• 5+ years of experience in credit trading.
• Strong understanding of credit markets.
• Proficiency in trading systems.

Aufgaben

• Execute and manage trading positions in credit derivatives.
• Source and manage liquidity across CDS markets.
• Monitor macroeconomic indicators and credit events.

Kenntnisse

Credit trading

Risk management

Market intelligence

Liquidity sourcing

Analytical skills

Communication

Ausbildung

Bachelor's degree in Finance

Bachelor's degree in Economics

Bachelor's degree in Mathematics

Tools

Bloomberg

Tradeweb

Jobbeschreibung

WHO WE ARE

Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services, primarily covering capital protection, yield enhancement, and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. It also enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees.

In 2024, Leonteq generated a turnover of CHF 27.6 billion and posted total operating income of CHF 238.5 million. As of 31 December 2024, shareholders' equity totaled CHF 803.8 million.

Leonteq holds an investment grade rating from Fitch Ratings Ltd. and Japan Credit Rating Agency, Ltd., who have evaluated and assigned ratings to Leonteq AG and Leonteq Securities AG, respectively. The company also has ESG ratings from MSCI and Sustainalytics.

Leonteq is listed on the SIX Swiss Exchange (SIX: LEON), is regulated by the Swiss Financial Market Authority FINMA, and is a member of the Swiss Structured Product Association.

About the role

We are seeking an experienced Credit Trader with a focus on synthetic credit derivatives, particularly Credit Default Swaps (CDS) and Credit-Linked Notes (CLNs). The ideal candidate will have a proven track record in trading single-name and index CDS, as well as experience in structuring or trading CLNs. A strong understanding of credit markets is essential. Experience in bond trading—especially in a market-making or brokerage setting—is a significant plus. This role involves managing risk, sourcing and executing trades, and providing market intelligence to internal and external stakeholders. The ability to thrive in a fast-paced, high-pressure environment is critical. Experience in other asset classes is also a strong plus.

At Leonteq, we are a leading player in the financial industry, renowned for our innovative approaches, commitment to excellence, and entrepreneurial spirit. Our organizational values—people, passion, dedication, quality, and expertise—are our guiding principles.

What you'll do

1. Execute and manage trading positions in credit derivatives, with a primary focus on CDS (both single-name and index).
2. Source and manage liquidity across CDS markets, maintaining a strong presence with counterparties and clients.
3. Monitor and interpret macroeconomic indicators, credit events, and issuer-specific developments to inform trading decisions.
4. Collaborate with sales and structuring teams to identify and execute trading opportunities and deliver tailored solutions to clients.
5. Provide real-time market colour, pricing, and trade ideas to both clients and internal stakeholders.
6. Proactively manage risk and optimize P&L through strategic hedging and inventory management.
7. Ensure all trading activities comply with internal risk policies and external regulatory requirements.
8. (Optional): Support bond execution and contribute to corporate bond trading efforts where needed.

What you'll need

1. 5+ years of experience in credit trading, with a strong emphasis on CDS and other credit derivatives.
2. Deep understanding of credit markets, including derivative structures and risk frameworks.
3. Experience with trading systems and platforms such as Bloomberg, Tradeweb, or equivalent.
4. Strong quantitative and analytical skills; proficiency in Excel required (VBA and/or Python is a plus).
5. Excellent communication and interpersonal skills, with the ability to convey market insights clearly.
6. High level of initiative, attention to detail, and ability to make swift, sound trading decisions under pressure.
7. Bachelor's degree in Finance, Economics, Mathematics, or a related field.