Structured Credit Trading Associate


Division

Financial Services - Front Office

Location

New York, New York

Employment Type

Permanent



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An investment firm focusing on global credit markets, with offices in New York and London. Having launched ~20 years ago, they’re now market leaders in bilateral Risk Sharing Transactions (“RSTs”) with more than $5Bil AUM. Our client is following a 5-Day back-to-the-office model in a fully vaccinated office environment and offers an excellent benefit package with perks that make the office environment a collegial markets focused one. 

Job Description:


Compensation : $150000 - $200000
Job ID : 11656

 

  • Our client is looking to add an experienced junior structured credit Risk & Trading professional to join the existing team in New York City in a front-office position that reports into the CRO.
  • This role will require daily work the risk & trading teams to record & reconciling trades.
  • The ideal hire will also work closely with Marketing developing data for monthly, quarterly, and annual reporting to our ~20 Investors as well as to auditors & governance on the portfolio's performance.  
  • This hire will calculate daily changes to interest rates, adjust prepayment models, calculate impact on potential defaults & accompanying loss severity. You will review all business plans and play a critical role in any liquidation plans & timelines.  
  • This role will report into the CRO but will also have direct lines into the CEO, CFO & Head Trader projecting the funds’ management and performance fees to support decisions related to company business matters; assisting with cash management; projecting cash available for distributions and pending new investments versus cash required to support currency hedges.
  • This will also require regular coordination with Compliance for auditor reporting.  
  • This is a growth position, and we are looking for that unique candidate who can work across Risk & Trading--as well, work with our quantitative & IT team to improve our trading & automation.  
  • Our client is fully returned to office and requires hires be vaccinated.

 


Job Requirements:


 

  • 3-6 Years Structured Credit or DCM--ideally an on-the-desk trading assistant background from a buy-side or sell-side institution including Funds, PE, BDC, IBank
  • Bachelors degree in economics, finance, financial engineering--advanced degree or CFA a plus
  • Solid understanding of finance, economics and fund concepts in accounting
  • High proficiency in Excel with experience in P&L computations.
  • While candidates with accounting will be considered--we are looking for a seasoned credit professional with a quantitative mathematics skill set (not a programmer) who can assimilate into our Client's US team that includes 6 Risk Professionals and 8 Seasoned Credit Traders.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

 

 

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