Credit Trading Associate II
TruistAbout the role
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Credit Trading desk makes a secondary market in, and stands ready to purchase and sell, corporate bonds for Truist Securities fixed income investor clients and support our bond origination and syndication business.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. In connection with market making, Truist is typically required to maintain an inventory of positions (both long and short), and to establish positions to facilitate liquidity on behalf of our clients.
2. Responsible for managing individual credit trading book with multiple sectors including but not limited to risk management, trade execution, trade analysis, sector analysis, idea generation, and hedging.
3. Accountable for P&L generation and maintaining market share in assigned sectors
4. Active communication and dialog with Credit Research team to define views and trading strategy within the respective industries covered.
5. Independently analyze and evaluate credit market and security specific opportunities.
6. Develop and maintain client relationships across the Credit account base.
7. Work closely with Debt Capital Markets and coverage banking teams to successfully originate and distribute Truist Left Lead deals.
Level-specific duties:
1. Plays an integral role working directly with Senior traders and research analysts to support the trading desk while managing an individual trading book.
2. Duties include but are not limited to: security valuation, financial modeling, statistical analysis, research, programing (Python) and presentation development.
3. Acitvely support and back up individual members of the trading desk while out of the office
4. Manages own trading book independently.
5. Responsible for client relationship development and expected to attend client meetings while representing the trading desk.
6. In-depth knowledge of the Credit market and demonstrates ability to independently manage risk (position management/hedging/pair trades/risk assessment).
7. Strong analytical, written, and oral communication skills
8. Builds cross-functional relationships within the investment bank and leverages these relationships to aid in communication and desk/firm improvements.
9. Assists in training, mentoring, and directing the work of Jr Associates/Analysts and directly responsible for their work
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. BA/BS degree
2. 5 years of related work experience
3. Knowledge of Credit Credit industry, market, and products
4. Track record of entrepreneurial nature
5. Advanced skills in written and oral communications, and interpersonal relationship management
6. Advanced analytical and technical skills combined with a problem solving attitude
7. Mastery of financial and accounting concepts
Preferred Qualifications:
1. CFA and/or MBA degree, with a Finance focus
2. 6 years of related work experience
3. Technology / Coding experience (Python, R, VBA, ect.)
The base salary for this position is $160,000
General Descripti
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