Structured Credit TRS Trader – US Bond Basket Markets

Bank of America; New York (NY); On-site; USD 200,000 - 300,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Benefits eligible

Job summary

Bank of America, based in New York, seeks a Structured Credit Trader for the US Credit Solutions Trading team. You will trade TRS on bond baskets, manage funding and delta risk, and collaborate with Sales and Portfolio Trading to grow credit derivative offerings.

Ideal candidates are VP/Director level with OTC credit derivatives experience, strong credit market knowledge, and a proactive, collaborative approach to risk management and tool usage. In-office role with full-time hours.

Qualifications

• VP/Director level trader with OTC credit derivatives experience.
• Strong understanding of corporate credit markets and credit financing.
• Ability to quickly learn the firm’s execution and risk management tools.
• Strong analytical, communication, and problem-solving skills.
• Proactive, collaborative, and intellectually curious.

Responsibilities

• Make markets and trade total return swaps (TRS) on US investment grade and high yield bond baskets.
• Manage funding and delta risk for TRS on Bond Baskets.
• Partner with Portfolio Trading and QSDG to optimize baskets.
• Negotiate swap documentation and manage lifecycle events.
• Work closely with Sales and Portfolio Trading to market capabilities.
• Support the development and growth of new credit derivative products.

Skills

OTC credit derivatives

Corporate credit markets

Risk management tools

Analytical skills

Communication skills

Problem-solving

Collaborative mindset

Job description

Bank of America, based in New York, seeks a Structured Credit Trader for the US Credit Solutions Trading team. You will trade TRS on bond baskets, manage funding and delta risk, and collaborate with Sales and Portfolio Trading to grow credit derivative offerings.

Ideal candidates are VP/Director level with OTC credit derivatives experience, strong credit market knowledge, and a proactive, collaborative approach to risk management and tool usage. In-office role with full-time hours.