Emerging Markets Trader

Brownstone Investment Group; New York (NY); On-site; USD 150,000 - 300,000; Full time

Benefits offered by this job

Ownership from day one

Flat entrepreneurial structure

Global network access

Performance-based compensation

Discretionary bonus and benefits

Job summary

Brownstone Investment Group in New York is seeking an emerging markets proprietary trader to run a book across sovereign and corporate credit, including event-driven and special situations. You will craft independent views, work with a team of traders, and be responsible for the P&L.

You will trade across the capital structure and countries, leveraging your network across the street. This role offers ownership based on performance, with a discretionary bonus and competitive benefits.

Qualifications

• Candidates must have 5+ years in EM distressed or stressed credit on trading desks.
• Ability to form independent credit views and take risk.
• Strong understanding of EM restructuring, IMF programs, and related law enforcement.
• Advanced quantitative skills with risk discipline and use of AI tools.

Responsibilities

• Own P&L and risk across an EM book.
• Source, filter, and triage opportunities across stressed, distressed, and event-driven credit.
• Take and manage positions with conviction, sizing risk against recovery and catalysts.
• Maintain an active network across sell-side desks, buy-side accounts, creditor committees, and counsel to source liquidity.

Skills

Independent credit views

Emerging markets experience

P&L ownership

Quantitative modeling

Education

Bachelor's degree in a related field

Tools

AI research tools

Job description

Brownstone Investment Group is a leader in fixed income trading and distribution solutions, with a network spanning over 2,200 relationships. Since 1998, Brownstone has built its reputation on integrity, innovation, and exceptional client service. Our entrepreneurial culture provides employees with meaningful responsibility and opportunities for long-term career growth.

The Role

Brownstone is seeking an emerging markets proprietary trader to run a book across regular-way sovereign and corporate credit, as well as event-driven and special situations. The ideal candidate will craft their own independent views, work with a team of proprietary traders, and be responsible for the P&L. You will trade across the capital structure and across countries and be expected to leverage your network across the street.

Responsibilities

• Own P&L and risk across an emerging markets book
• Source, filter, and triage opportunities across stressed, distressed, and event-driven sovereign, quasi-sovereign, and corporate credit
• Take and manage positions with conviction, sizing risk against recovery, restructuring timelines, and political and legal catalysts
• Maintain an active network across sell-side desks, buy-side accounts, creditor committees, restructuring advisors, and counsel to source ideas and liquidity

Qualifications

• Bachelor's degree in a related field 5+ years in emerging markets distressed or stressed credit, or special situations, on a trading desk or credit-focused buy side
• Demonstrated ability to form independent credit views and take risk against them
• Command of emerging markets restructuring, including recovery analysis, collective action clauses, IMF programs, and local versus foreign law enforcement
• Strong quantitative and modeling skills with sound risk discipline Fluency with modern AI tools for research and workflow

Why Brownstone

• A principal seat where you own the book and are paid off its performance
• Distribution across 2,200+ counterparties to source and exit idiosyncratic risk
• Balance sheet and risk limits sized to the opportunity
• An extremely flat, entrepreneurial structure with ownership from day one
• Real-time connectivity to credit markets through an established franchise

Compensation and Benefits

The base salary range for this role is $150,000 to $300,000, depending on skills and experience. Total compensation for the role also includes a discretionary bonus tied to book performance and a competitive benefits package.