Trader/Quant Analyst

Point72; Stamford (CT); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Comprehensive benefits package

Discretionary bonus

Job summary

Point72 in Stamford, CT, seeks a Trader/Quant Analyst with 3+ years in convertible securities or related derivatives to join our investment team. You will perform relative value analysis, execute trades, and manage risk while building quant tools.

The role requires strong modeling and programming skills (Python or R, Excel) and familiarity with Bloomberg/Tradeweb. Strong communication and ethical standards are essential.

Qualifications

• 3+ years of convertible bond trading with a quant/programming skillset.
• Strong understanding of credit markets, bond math, equity derivatives, and volatility analysis.
• Proficiency in modeling convertible securities and scenario analysis.
• Familiarity with risk management systems and trading platforms (Bloomberg, Tradeweb).
• Strong analytical and quantitative data skills; proficiency in Excel and at least one programming language (Python, R, VBA).
• Excellent communication skills and ability to work in a fast-paced, team-oriented environment.
• Commitment to the highest ethical standards.

Responsibilities

• Identify relative value opportunities between convertible bonds, equity, and credit derivatives.
• Execute trades in convertible securities, related equities, and hedges in line with theses and risk parameters.
• Manage positions, assess valuation, liquidity, and market sentiment.
• Conduct quant data analysis on the convertible bond universe, including pricing history.
• Model convertibles across scenarios, analyze credit, rates, volatility, and equity sensitivity.
• Build front-office tools to analyze convert universe data for ideas, optimization, and risk.
• Coordinate with PM and risk team to size positions within risk limits.
• Track P&L drivers daily and provide attribution reports.
• Hedge exposures using equity, credit, and derivatives.
• Collaborate with analysts, traders, and PMs across strategies for insights.
• Maintain relationships with sell-side counterparties to source information and improve execution.

Skills

Python

R

VBA

Excel

Quantitative analysis

Credit markets

Equity derivatives

Education

Bachelor’s degree in finance/economics

Advanced degree or CFA preferred

Tools

Bloomberg terminal

Tradeweb

Job description

Summary:

We are seeking a highly motivated and detail-oriented Trader/Quant Analyst with a strong background in trading and data analysis to join our investment team. The ideal candidate will have at least 3 years of experience in convertible securities (or equity/FX/rates derivatives), relative value trading strategies, and quant data analysis. The role will combine active trading and risk management and quantitative analysis to identify and execute profitable opportunities in the convertible space.

Role/Responsibilities:

• Identify relative value opportunities between convertible bonds, the underlying equity, and credit derivatives.
• Execute trades in convertible securities, related equities, and hedges in alignment with investment theses and risk parameters.
• Manage existing positions proactively, assessing changes in valuation, liquidity, and market sentiment.
• Conduct in-depth quant data analysis on the convertible bond universe, including historical pricing and valuation.
• Model and evaluate convertible securities across multiple scenarios, analyzing risks related to credit, interest rates, volatility, and equity sensitivity.
• Build front-office tools to analyze convert universe data for idea generation, trade optimization, and risk management.
• Coordinate with the portfolio manager and risk team to size positions appropriately and adhere to pre-defined risk limits.
• Track and analyze P&L drivers on a daily basis and provide attribution reports.
• Hedge exposures dynamically using equity, credit, and derivative instruments.
• Work closely with other analysts, traders, and portfolio managers across strategies to share insights and generate synergies.
• Maintain strong relationships with sell-side counterparties and market participants to source information and enhance trade execution.

Requirements:

• Bachelor’s degree in finance, economics, mathematics, engineering, or related field; advanced degree or CFA preferred.
• 3+ years of experience in convertible bond trading with a quant/programming skillset.
• Strong understanding of credit markets, bond math, equity derivatives, and volatility analysis.
• Proficiency in modeling convertible securities and scenario analysis.
• Familiarity with risk management systems and trading platforms (e.g., Bloomberg, Tradeweb).
• Strong analytical and quantitative data skills; proficiency in Excel and at least one programming language (Python, R, VBA) is required.
• Excellent communication skills and ability to work in a fast-paced, team-oriented environment.
• Commitment to the highest ethical standards.

About Point72:

Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry’s brightest talent by cultivating an investor-led culture and committing to our people’s long-term growth.

The annual base salary for this role is $150,000 (USD) , which does not include discretionary bonus compensation or our comprehensive benefits package. Actual compensation offered to the successful candidate may vary from posted hiring based upon geographic location, work experience, education, and/or skill level, among other things.