Director/Managing Director, Investment Grade Trader

Citizens Bank; Charlotte (NC); On-site; USD 300,000 - 400,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Job summary

Citizens Capital Markets & Advisory in Charlotte, NC, seeks an experienced Director/Managing Director, Investment Grade Trader to join the Sales & Trading team. This role focuses on providing liquidity to institutional clients, managing trading inventory and market risk, and partnering with Sales, Syndicate, and Debt Capital Markets to enhance Citizens' fixed income franchise.

You will own IG trading risk across corporate bonds, make markets, mentor junior traders, and ensure compliance with

Qualifications

• 10+ years in Investment Grade trading or related credit markets.
• Deep expertise in IG market structure, pricing, liquidity and spreads.
• Proven ability to generate P&L through disciplined risk management and insight.
• Strong understanding of primary and secondary IG credit markets.
• Ability to balance client facilitation, risk management and profitability.
• Excellent communication skills for internal/external stakeholders.
• Series 7 and 63 licenses required (or obtainable promptly).

Responsibilities

• Own and actively manage IG trading risk across corporate bonds and related instruments.
• Make markets and provide liquidity in IG corporate bonds for institutional clients.
• Partner with Syndicate and Banking on new issue pricing, distribution strategy and aftermarket performance.
• Provide real-time market color, liquidity insight and pricing intelligence to teams.
• Evaluate and manage firm inventory, liquidity constraints and capital usage.
• Serve as a senior market resource regarding market structure and execution strategy.
• Mentor and develop junior traders while supporting a high-performance trading culture.
• Maintain adherence to regulatory, supervisory and internal risk management requirements.

Skills

Investment Grade trading

Risk management

Market making

P&L generation

Communication skills

Licenses Series 7/63

Job description

Description

Citizens Capital Markets & Advisory is seeking an experienced Director/Managing Director, Investment Grade Trader to join its Sales & Trading team. This role is centered on providing liquidity to institutional clients, managing trading inventory and market risk, developing sector expertise, and partnering closing with Sales, Syndicate, and Debt Capital Markets to enhance Citizens' Fixed Income franchise

Key Responsibilities

• Own and actively manage Investment Grade trading risk across corporate bonds and related instruments, with disciplined balance sheet deployment.
• Make markets and provide liquidity in Investment Grade corporate bonds for institutional clients
• Partner closely with Investment Grade Syndicate and Investment Banking on new issue pricing, distribution strategy, order book intelligence, and aftermarket performance.
• Provide real-time market color, liquidity insight, and pricing intelligence to sales, syndicate, research, and banking teams.
• Evaluate and manage firm inventory, liquidity constraints, and capital usage in line with risk and return objectives.
• Serve as a senior market resource to clients and internal stakeholders regarding market structure, execution strategy, and credit market dynamics.
• Mentor and develop junior traders and contribute to a high-performance, risk-aware trading culture.
• Maintain strict adherence to regulatory, supervisory, and internal risk management requirements

Qualifications

• 10+ years of Investment Grade Trading experience or a closely related credit markets role.
• Deep expertise in Investment Grade market structure, pricing, liquidity, spread products, and relative-value dynamics.
• Proven ability to generate P&L through disciplined risk management and market insight.
• Strong understanding of primary and secondary Investment Grade credit markets.
• Demonstrated ability to balance client facilitation, risk management, and firm profitability.
• Excellent communication skills with the ability to articulate market views internally and externally.
• Series 7 and 63 licenses required (or ability to obtain promptly).

Hours & Work Schedule

• Hours per Week: 40+
• Work Schedule: Monday to Friday

Pay Transparency

The salary range for this position is $300,000 to $400,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factorsincluding but not limited to, the budget, the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time‑away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.