Associate/VP, Credit Systematic Algo Trader

Bank of America•New York, NY

1d•$130,000 - $225,000•Onsite

About The Position

We are looking to add a systematic trader to the High Yield Credit Trading team. This role focuses on building and deploying automated market making strategies for both single name and portfolios of HY corporate bonds. The position sits within the broader High Yield trading desk with a mandate to scale systematic pricing capabilities and develop systematic trading strategies. You will work with traders, salespeople, and customers to drive PNL and market share gains within high yield markets.

Requirements

2 to 7 years of experience in systematic trading or quantitative research
Strong understanding of markets with credit experience a plus
Strong programming skills in Python
Ability to develop trading signals or models in a research or production environment
Solid foundation in statistics, time series analysis, and data science techniques
Strong communication skills and ability to partner with discretionary traders

Nice To Haves

Familiarity with market microstructure, particularly in OTC credit markets, is preferred

Responsibilities

Price client inquiry across multiple electronic and voice channels
Manage risk in the largest book on the High Yield Desk through single line voice trading and cross asset hedging
Monitor live strategies, with focus on PnL attribution, drawdown control, and risk exposures
Research and develop quantitative models for corporate bond returns and pricing in partnership with QSG and Technology groups
Partner closely with HY traders to codify discretionary views into systematic frameworks
Build and enhance backtesting tools, signal generation pipelines, and performance analytics
Work with large, often noisy datasets including TRACE data
Contribute to automation and scaling of trading workflows across the desk