The Role
The successful candidate will work closely with portfolio managers, analyst and other members of the trading team across the financials credit strategy, with responsibility for executing and helping originate trading opportunities across the capital structure of global financial institutions.
The role will have a particular focus on subordinated and hybrid financial debt, including AT1s, T2s, senior preferred and senior non-preferred bank paper, HoldCo/OpCo structures, insurance capital securities and other financial hybrid instruments.
The position offers broad exposure across secondary trading, new issues, relative value opportunities, and portfolio implementation.
Key Responsibilities
- Trade across financial credit products with a focus on investment grade and high yield financials credit
- Partner closely with Portfolio Managers and Research Analysts to identify and develop trade ideas
- Conduct first-look analysis on prospective trades and relative value opportunities
- Participate actively in primary market activity, including new issue evaluation and execution
- Build and maintain strong relationships across the sell-side trading community
- Provide market colour, liquidity insights and technical positioning analysis to the investment team
- Assist in portfolio implementation and risk management across financials exposure
- Monitor market developments, capital issuance activity and regulatory trends impacting financial institutions
Candidate Profile
The ideal candidate will have:
- Experience trading financial credit products gained at an investment bank, asset manager or alternative credit/credit hedge fund – portfolio management and research analyst candidates are also welcome to apply
- Strong knowledge of bank capital structures and subordinated financial debt markets
- Demonstrable experience across AT1 and T2 products
- The seniority is broadly set at VP-level, but talented Senior Associate and Director-level candidates also being considered for the role
- Strong technical and fundamental understanding of credit markets, pricing dynamics and liquidity considerations
- Excellent communication skills and the ability to work in a highly collaborative investment environment
- Commercial mindset with strong relationship management capabilities across sell-side counterparties
- High attention to detail and strong analytical capability
This role offers the opportunity to join an impressive credit investment platform with a strong track record over the last few years (double digit returns), excellent AUM growth, and an entrepreneurial yet collaborative culture. Compensation is highly competitive and aligned with experience and performance.
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