About the position
As a member of the Credit Systematic Trading team, you will work directly with Quantitative Developers, technology, and the Investment Grade and High Yield trading desks. In this role, you will be responsible for researching, developing, deploying, and monitoring cutting-edge pricing models and strategies. Your contributions will be vital in managing various systematic credit trading strategies on a day-to-day basis, and you will play a key role in the development and implementation of other business initiatives such as portfolio trading and ETF creations and redemptions aimed at managing risk. Your essential duties will include researching, developing, testing, and managing eTrading models and strategies specifically for Investment Grade and High Yield Trading. You will coordinate with other stakeholders, including data science teams, risk associates, management, and regulators as necessary. Monitoring model and strategy performance will be crucial, and you will be responsible for KPI reporting and review in a time-sensitive manner. Effective communication with the trading desk is essential to maintain a high level of domain knowledge required to understand market structures and dynamics, which is necessary for developing and monitoring strategies. Additionally, you will assist the Investment Grade and High Yield trading desks with the research and development of hedging strategies, including optimizing and executing the create/redeem process. You will need to concisely communicate risks and opportunities to the trading desk, maintaining a commercial mindset throughout your work.
Responsibilities
- Research, develop, test and manage eTrading models and strategies for Investment Grade and High Yield Trading.
- Coordinate with stakeholders such as data science, risk associates, management, and regulators as needed.
- Monitor model and strategy performance, including KPI reporting and review in a time-sensitive manner.
- Communicate with the trading desk to maintain a high level of domain knowledge required to understand market structures and dynamics.
- Assist the Investment Grade and High Yield trading desks with the research and development of hedging strategies, including optimizing and effecting the create/redeem process.
- Concise communication of risks and opportunities to the Trading desk with a commercial mindset.
Requirements
- Graduate degree in STEM from a top-tier institution desired.
- Strong understanding of current eTrading strategies and market microstructure.
- 2+ years of experience on a corporate credit or algorithmic trading desk.
- Ability to supervise, mentor, and develop junior analysts.
- Ability to function comfortably in a time-sensitive environment requiring collaboration and a high level of detail.
- Excellent programming and data analytic skills with a strong foundation in Python.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability insurance
- Accidental death and dismemberment insurance
- Tax-preferred savings accounts
- 401k plan
- Vacation days (minimum of 10 days)
- Sick days (minimum of 10 days)
- Paid holidays
- Defined benefit pension plan (depending on position and division)
- Restricted stock units (depending on position and division)
- Deferred compensation plan (depending on position and division)
