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Quantitative Credit Trading VP
- Truist (New York, NY)
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The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
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_(accommodation requests only; other inquiries won't receive a response)._
Regular or Temporary:
Regular
**Language Fluency:** English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
+ Make a secondary market in, and stand ready to purchase and sell, Credit bonds for Truist Securities fixed income investor clients and support our bond origination and syndication business.
+ Maintain an inventory of positions (both long and short), and to establish positions to facilitate liquidity on behalf of our clients.
+ Manage individual credit trading book with multiple sectors including but not limited to risk management, trade execution, hedging, trading strategy development and back testing.
+ Accountable for P&L generation and maintaining market share in assigned sectors
+ Active communication and dialog with Credit Research team to define views and trading strategy within the respective industries covered.
+ Work closely with Debt Capital Markets and coverage banking teams to successfully originate and distribute Truist Left Lead deals.
+ Develop and maintain client relationships across the Credit account base.
+ Curate, process, and visualize data using tools such as Python/SQL.
+ Conduct independent research utilizing Python and assist technology with the translation of research code into production quality Java based code.
+ Manage individual credit trading book with multiple sectors including but not limited to risk management, trade execution, pre/post trade analysis, sector analysis, idea generation, hedging, and attributable P&L.
+ Maintain in-depth knowledge of the Electronic Credit Markets and demonstrate the ability to independently manage risk (position management/hedging/pair trades/risk assessment/macro analysis).
+ Partners closely with research, banking professionals, product specialists, clients and other internal/external constituencies to help drive the business growth.
+ Apply expert risk management skills and sets the standard for risk management practices for Credit Trading in accordance with risk and regulatory limits outlined in the Credit Desk Trader Mandate.
+ Uphold the values of Trustworthiness, Caring, One Team, Success and Happiness to shape desk culture.
+ Lead support work, business development and/or product/client relationship management when needed.
+ Assist in the generation of ideas and strategies for new business opportunities.
+ Lead all aspects of transaction execution, including organizing teams and handling engagement with internal and external constituencies, and managing resolution of complex client transaction issues.
+ Build cross-functional relationships within the investment bank and leverages these relationships to aid in communication and desk/firm.
+ Assist in training, mentoring, and directing the work of junior teammates.
Requirements
+ Must have Master’s degree in Finance or a related quantitative field.
+ Must have 5 years of experience in trading and/or quantitative research positions.
+ Must have 3 years of experience working at a Financial Institution implementing trading signals, pricing, and quoting models specifically used in Credit products trading.
+ Must have 2 years of experience with:
+ Working at a Financial Institution in a trading role
+ Using Python for data curation and model development.
+ Using SQL for data analytics.
+ Translating strategy code from a research environment in Python to Java.
+ The annual base salary for this position is: $249,954 – $350,000
**General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:** All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
_Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace._
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Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify\_Participation\_Poster\_ES.pdf)
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