Credit Trading Associate II

Truist Bank•New York, NY

6d•$160,000

About The Position

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

Requirements

BA/BS degree
5 years of related work experience
Knowledge of Credit Credit industry, market, and products
Track record of entrepreneurial nature
Advanced skills in written and oral communications, and interpersonal relationship management
Advanced analytical and technical skills combined with a problem solving attitude
Mastery of financial and accounting concepts

Nice To Haves

CFA and/or MBA degree, with a Finance focus
6 years of related work experience
Technology / Coding experience (Python, R, VBA, ect.)

Responsibilities

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.
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.
Accountable for P&L generation and maintaining market share in assigned sectors
Active communication and dialog with Credit Research team to define views and trading strategy within the respective industries covered.
Independently analyze and evaluate credit market and security specific opportunities.
Develop and maintain client relationships across the Credit account base.
Work closely with Debt Capital Markets and coverage banking teams to successfully originate and distribute Truist Left Lead deals.
Plays an integral role working directly with Senior traders and research analysts to support the trading desk while managing an individual trading book.
Duties include but are not limited to: security valuation, financial modeling, statistical analysis, research, programing (Python) and presentation development.
Actively support and back up individual members of the trading desk while out of the office
Manages own trading book independently.
Responsible for client relationship development and expected to attend client meetings while representing the trading desk.
In-depth knowledge of the Credit market and demonstrates ability to independently manage risk (position management/hedging/pair trades/risk assessment).
Strong analytical, written, and oral communication skills
Builds cross-functional relationships within the investment bank and leverages these relationships to aid in communication and desk/firm improvements.
Assists in training, mentoring, and directing the work of Jr Associates/Analysts and directly responsible for their work

Benefits

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

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