Credit Trading Desk Analyst (DIR)

Truist•New York, NY

1d•$225,000 - $300,000

About The Position

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status. Need Help? If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response). Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America) Please review the following job description: Research credit investments in support of fixed income sales & trading, debt capital markets and buy-side clients that buy and sell the firm's credit products. 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. Credit Trading Desk Analyst: 1. Perform credit due diligence to determine credit risk and relative value: analyze company reports, collect data, participate in company calls, attend conferences and investor meetings, question management, engage industry experts and model expectations 2. Make credit research recommendations in support of RENTD capital 3. Supplement clients’ research with additional credit support 4. Directly support sales with supplemental credit teach-ins, participation in client calls and buy-side sales meetings 5. Directly support traders by monitoring and advising on desk positions and trading levels 6. Support the debt capital markets process by analyzing new bonds issues, educating S&T and buy-side on new issue credit risk and relative value, and providing client feedback and inquiry back to the syndicate desk Director Level: 1. Applies deep experience, proven judgement, and industry resources to make credit product investment recommendations with a performance track record commensurate with experience and skill level. Continues to cultivate and develop industry resources to build expertise. 2. Continues to develop client relationships with strong interpersonal skills. Applies highly developed communication skills, written and oral, to convey complex ideas clearly and concisely. Produces credit commentary and hosts meetings with investors and high level banking clients. Must represent the bank in client meetings with strong knowledge of the industry, market and products. 3. Takes a proactive approach to risk management in the fixed income trading business 4. Supervises, mentors and develops junior analysts. 5. Applies industry/market/product knowledge to drive revenue production and business. 6. Identifies and cultivate reverse client inquiry, facilitating origination opportunities. General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: 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. For more details on Truist’s generous benefit plans, please visit our Benefits site. 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. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work. Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.

Requirements

BA/BS degree
CFA designation or equivalent knowledge
Licenses required: Series 7, Series 63, Series 52 (muni analyst only)
Minimum of 10 years of related work experience
Advanced knowledge of industry, market and products
Proven ability to develop, nurture and monetize "trusted advisor" client relationships with senior executives
Excellent interpersonal style, good listening skills and the ability to communicate highly complex ideas clearly and concisely
Strong partnering and leadership skills in a complex, matrixed environment

Nice To Haves

MBA degree, with finance focus
CFA designation
14+ years of related work experience
Experience recruiting, mentoring and coaching

Responsibilities

Perform credit due diligence to determine credit risk and relative value: analyze company reports, collect data, participate in company calls, attend conferences and investor meetings, question management, engage industry experts and model expectations
Make credit research recommendations in support of RENTD capital
Supplement clients’ research with additional credit support
Directly support sales with supplemental credit teach-ins, participation in client calls and buy-side sales meetings
Directly support traders by monitoring and advising on desk positions and trading levels
Support the debt capital markets process by analyzing new bonds issues, educating S&T and buy-side on new issue credit risk and relative value, and providing client feedback and inquiry back to the syndicate desk
Applies deep experience, proven judgement, and industry resources to make credit product investment recommendations with a performance track record commensurate with experience and skill level. Continues to cultivate and develop industry resources to build expertise.
Continues to develop client relationships with strong interpersonal skills. Applies highly developed communication skills, written and oral, to convey complex ideas clearly and concisely. Produces credit commentary and hosts meetings with investors and high level banking clients. Must represent the bank in client meetings with strong knowledge of the industry, market and products.
Takes a proactive approach to risk management in the fixed income trading business
Supervises, mentors and develops junior analysts.
Applies industry/market/product knowledge to drive revenue production and business.
Identifies and cultivate reverse client inquiry, facilitating origination opportunities.