Credit Execution Trader for Systematic Strategies (New York or Chicago)

HRB; New York (NY); On-site; USD 80,000 - 150,000; Full time

Job summary

An innovative portfolio management team is seeking a talented Execution Trader to enhance their trading strategies in US credit markets. This pivotal role involves sourcing liquidity, executing trades, and collaborating with the Portfolio Manager to optimize investment processes. Ideal candidates will have a strong background in credit trading, experience with OMS/EMS platforms, and a passion for market analysis. Join a dynamic team where your insights and proactive approach will significantly impact trading success and operational efficiency. If you're driven, detail-oriented, and eager to learn, this is the perfect opportunity for you to excel in a fast-paced environment.

Qualifications

• 3+ years of experience as a credit trader in CDS and corporate bonds.
• Experience with OMS/EMS platforms and programming skills are a plus.

Responsibilities

• Execute credit trades and maintain relationships with liquidity providers.
• Monitor portfolio risk exposures and analyze execution quality.

Skills

Credit Trading

Market Analysis

Operational Risk Management

Self-learning

Team Collaboration

Tools

MarketAxess

TradeWeb

SQL

Python

Excel VBA

Job description

Our client is a portfolio management team specializing in the systematic trading of US credit markets, looking for a highly talented Execution Trader. This is an opportunity for someone to source (electronic and voice) liquidity in the credit markets, pilot automated trading systems, and take a central role on the front lines of the team’s investment process.

Responsibilities:

1. Work with the Portfolio Manager on electronic and non-electronic execution of all credit trades.
2. Maintain strong relationships with a broad set of liquidity providers.
3. Proactively monitor and assess portfolio risk exposures, in collaboration with the portfolio manager.
4. Track realized transaction costs and analyze execution quality stats.
5. Contribute to the internal development and external sourcing of execution algorithms.
6. Be responsible for position maintenance (e.g., CDS rolls) and be the point person working with the back office for corporate actions.
7. Contribute to the continuous improvement of the investment process, in collaboration with the rest of the team.

Requirements:

1. 3+ years of work experience as a credit trader in single-name CDS and/or corporate bonds.
2. Experience with OMS/EMS platforms such as MarketAxess and TradeWeb.
3. Experience with credit ETFs, interest rate derivatives, or equity options markets is a plus.
4. Exposure to quantitative/systematic strategies is a plus.
5. Some programming skills are a plus (e.g., SQL, Python, Excel VBA) and a strong self-learner.
6. Tenacious, detail-oriented, organized, and proactive about potential operational risks.
7. Keen intuition for markets and a passion for studying them. Team player, driven, and collaborative.