Credit Trading Job Description
Credit trading
provides guidance for policy development in relation to market, trading credit and/or liquidity risk as it relates to (but not limited to) trading/derivative products.
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:
Assist in the valuation methodology for Corporate Debt and other Credit instruments
Timely preparation of transaction requests (including KYC/AML and business head processes as required) and single name strategies
Complete due diligence with senior client contacts (on site or via telephone or email as required) analysis of counterparty financial performance and industry performance
Understand and assist in negotiating trading documentation including ISDA, MSFTA
The incumbent will have no direct account responsibiity, but will develop and utilize relationships from a diverse set of internal platforms to gather a holistic view of any topic
The Office of Strategy also serves as the Secretariat to the BoTC
Timely preparation of transaction requests (including business head process and assisting with KYC/AML as required) and single name strategies
Understand and assist in negotiating trading documentation including ISDA, EEI, GasEDI, NAESB, MSFTA
Maintenance and execution of established procedures relating to bank policy and regulatory guidelines credit and capital usage
Preparation of thorough and insightful credit and volatility analyses on companies
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:
Risk and valuation
Credit products/markets
Range of financial products and markets will be expected from you in this role
Credit products
Bloomberg
Fixed income markets and trading workflows
Trading workflows
Credit instruments
Keen interest in financial markets and derivative products
Their risk factors and pricing
Desired experience for credit trading includes:
This is a senior role requiring occasional travel and work in pressurised situations
Valuation of convertible securities
Option pricing and modeling
Indenture and covenant analysis on convertible and high yield securities
Providing commentary and insight on company earnings and other credit-related events
Providing commentary on convertible new issues and high yield issuances
Credit Trading Examples
1
Credit Trading Job Description
Job Description Example
Our growing company is hiring for a credit trading. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for credit trading
- 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
Qualifications for credit trading
- 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
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Credit Trading Job Description
Job Description Example
Our innovative and growing company is looking for a credit trading. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for credit trading
- 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
Qualifications for credit trading
- 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
3
Credit Trading Job Description
Job Description Example
Our growing company is looking for a credit trading. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit trading
- 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
Qualifications for credit trading
- 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
4
Credit Trading Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of credit trading. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for credit trading
- 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
Qualifications for credit trading
- 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
5
Credit Trading Job Description
Job Description Example
Our growing company is looking to fill the role of credit trading. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit trading
- 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
Qualifications for credit trading
- 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