CREDIT TRADER

Job description

About the role

We are looking for an experienced Credit Trader with a focus on synthetic credit derivatives, in particular Credit Default Swaps (CDS) and Credit-Linked Notes (CLNs). The ideal candidate will have a proven track record in trading single and index CDS as well as experience in structuring or trading CLNs. A deep understanding of credit markets is essential. Experience in bond trading - particularly in a market making or broker environment - is a distinct advantage. The role will involve managing risk, sourcing and executing trades and providing market intelligence to internal and external stakeholders. The ability to thrive in a fast-paced, high-pressure environment is critical. Experience in other asset classes is also a distinct advantage.

Tasks

• Execute and manage trading positions in credit derivatives, with a focus on CDS (both single and index CDS)
• Sourcing and managing liquidity on the CDS markets, maintaining a strong presence with counterparties and clients
• Monitoring and interpretation of macroeconomic indicators, credit events and issuer-specific developments to inform trading decisions
• Work with sales and structuring teams to identify and execute trading opportunities and deliver customized solutions for clients
• Provision of real-time market information, prices and trading ideas for clients and internal stakeholders
• Proactive management of risks and optimization of P&L through strategic hedging and inventory management
• Ensuring that all trading activities comply with internal risk policies and external regulatory requirements
• (Optional): Support bond execution and contribute to bond trading efforts, if required

Requirements

• 5+ years of experience in credit trading, with a focus on CDS and other credit derivatives
• Deep understanding of credit markets, including derivative structures and risk frameworks
• Experience with trading systems and platforms such as Bloomberg, Tradeweb or equivalent
• Strong quantitative and analytical skills; Excel skills required (VBA and/or Python is a plus)
• Excellent communication and interpersonal skills, with the ability to clearly convey market insights
• High level of initiative, attention to detail and ability to make quick, sound trading decisions under pressure
• Bachelor's degree in finance, economics, mathematics or a related field

We offer

(no specific information available)