Credit Trading Job Description
Credit Trading Duties & Responsibilities
To write an effective credit trading job description, begin by listing detailed duties, responsibilities and expectations. We have included credit trading job description templates that you can modify and use.
Sample responsibilities for this position include:
Credit Trading Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Trading
List any licenses or certifications required by the position: FRM, PRM, CFA
Education for Credit Trading
Typically a job would require a certain level of education.
Employers hiring for the credit trading job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Engineering, Business, Economics, Mathematics, Accounting, Math, Computer Science, Accountancy, Physics
Skills for Credit Trading
Desired skills for credit trading include:
Desired experience for credit trading includes:
Credit Trading Examples
Credit Trading Job Description
- Financial knowledge on Rates and Credit products, incl swaps, bonds, futures
- Working as part of the trading desk team to price transactions and manage risk in the front office
- Optimizing the deployment of capital within the business
- Using statistical modeling and machine learning to optimize the credit trading franchise
- Developing new financial models for credit trading
- Building and maintaining a complete trading and risk management platform
- Assisting in Firmwide Strategies initiatives
- Interact internally with sales, engaging them with desk trading axes
- Communicating trading flows and market color to our distribution network and senior management
- Closely follow and understand the credit markets, to provide color of market activity to sales, clients, and management
- Charter Financial Analyst (CFA) or Financial Risk Manager (FRM) designations an asset
- Strong MS Excel, Accessand Visual Basic for Applications (VBA) skills
- The candidate will likely have 4-7 years experience in a trading environment with evidence of having delivered successful technical solutions
- Database experience with SQL Server
- Programming experience, the ability to efficiently manage, manipulate and analyze large amounts of data is preferred
- 5+ years in electronic trading role delivering outstanding strategies and products, and facilitating tangible revenue generation
Credit Trading Job Description
- Develop and build roadmaps for adoption of common technologies
- Support and mentor engineering staff throughout the construction phase as an active participant of the development team
- Evangelize and enforce the engineering methodologies
- Enforce adherence to architectural standards/principles, global product-specific guidelines
- Work closely with Development technology leads, Infrastructure, QA, and Security to validate common services, and components
- Maintains and keeps current on new and emerging technologies and the potential impact on roadmaps and technology portfolio
- Helps to solve project discrepancies, and driving project critical success factors
- Exercises influence at many levels of the organization, both at the business and technology levels
- Governance of standards/processes within Risk IT
- Market making in IG corporate single name cash bonds and CDS
- Mathematical or Financial background, including a quantitative understanding of probability
- Ability to work in a dynamic environment and to deliver results extremely quickly
- Knowledge of machine learning techniques and systems
- Knowledge of stochastic calculus and financial derivatives
- Advanced degree in a STEM (Science, Technology, Engineering, Mathematics) discipline
- Previous experience in related areas, such as trading, derivatives and/or credit
Credit Trading Job Description
- Managing the firm’s risk and monetizing revenue generating opportunities
- Assist with validation and review of Business Performance reporting
- Working with trading desk team to price transactions and manage risk in the front office
- Working as part of the trading desk team to price and structure transactions and manage market, counterparty and funding risk in the front office
- Developing new quantitative models for credit and financing products
- Building and maintaining complete trading and risk management platform
- Generating trade and new structuring ideas for clients and assisting in the marketing and structuring of transactions where substantial analytics or infrastructure are required
- Risk management of correlation book using single name cds, index, options and tranches
- Be responsible for HY and distressed credits in the book which require in depth knowledge of various micro credit situations as they arise
- Use sales coverage internally and externally to most efficiently execute trades and requisite hedges
- Genuine interest and passion for financial products, financial markets and the macro economy, both on a local and global level
- Relevant market experience preferred
- Strong numerical skills and self-starter
- Needs to enjoy and thrive in a fast paced, dynamic, and constantly changing environment
- Spring dependency injection or other IOC exposure
- 7+ years of demonstrated experience as a software architect, with hands on technical leadership, and mentorship
Credit Trading Job Description
- Interact with senior management regarding the book risk and PNL management
- Engaging with counterparties of existing trades in book to restructure positions for optimal risk, capital and pnl outcomes
- Establish and maintain system schematics both current and future state
- Responsible for ensuring all environments are compliant with the current Technical Security Standards, as defined by the system/solution architects
- Evaluate upcoming projects and changes in terms of their impact on existing environments and ensure that those environments are ready to meet the demands placed on them, including appropriate use of system components by CTB
- Propose initiatives that will reduce environment down time, support and development costs
- Prepare high level environment plans to ensure that infrastructure provisioning objectives are met
- Provide a state of the environment dashboard at any time which demonstrates performance and stability of the environment
- Pricing CVA, FVA and ROE predominantly for Asia Pacific clients or underliers for the fixed income, currencies and commodities businesses
- Hedging and managing risk from CVA and FVA
- Computer Science degree, or related quantitative discipline
- Experience with OO software development, in building products, and integration of 3rd party, both open source, and commercial components
- 2-4 years in similar role, trading preferred (either EM or IG)
- 3-5 years of relevant cash bonds and CDS trading experience is required
- Strong track record in trading role within a multinational financial institution
- Demonstrated client relationships
Credit Trading Job Description
- Work closely with the Front Office to drive forward new trading initiatives / strategies in the Fixed Income credit space globally
- Partners closely with the development team to ensure there is full understanding of the requirement and implementation detail
- Partner closely with FIC Enterprise Architecture team to make sure that trading solutions are closely aligned with the FIC strategy
- Partner closely with external teams like etrading, STP, ION, Static Data repositories, support staff to make sure that right end to end solution gets delivered
- Must be able to manage the multi-million dollar budget in a very effective way and deliver the project on time and on budget
- Must be able to manage large simultaneous project in a very cost effective manner
- Drive projects through completion (from spec thru UAT and post-deployment)
- Work closely with QA team to ensure high quality of the product
- Raises and tracks issues and conflicts, removes barriers, resolves project issues and escalates to senior management where required
- Ability to break large problems into well-defined and manageable tasks for both development and QA staff
- Minimum of a Masters degree and an academic background in Mathematics and Economics
- Significant experience programming and implementing C++
- Experience in Python and Matlab
- Highly motivated and entrepreneurial individuals with strong analytical and problem solving skills
- Interest in global financial markets & derivative instruments
- 1-4 years in similar role, trading preferred