Managing Director, Credit Trader
About The Position
Huntington's Managing Director, Credit Trading will be a point of contact for institutional investors and trading counterparties and partner with credit sales and desk analysts to ensure seamless trade execution with a focus on building out Huntington’s secondary Term Loan B trading business in support of its leveraged finance strategy. Responsible for building out Huntington’s secondary loan trading business with immediate and longer-term responsibilities to include: Responsible for market making activities on all lead managed institutional Term Loan B transactions Maintain strong relationships across Huntington’s institutional investor client base which includes Collateralized Loan Obligation managers, mutual funds, ETFs, credit opportunity/hedge funds as well as other commercial banks Collaborate closely with the loan sales team to help manage the trading desk’s capital at risk, solidify distribution channels, source actionable market color and market trade ideas Work closely with trading desk analyst team to monitor trading desk positions and develop trading ideas for investors Execute buys/sells for Huntington’s commercial bank credit portfolio, including both performing and non-performing credits, with a focus on profitability and recoveries, as appropriate Responsible for daily marketing of the trading book and working with market risk on a periodic basis as appropriate Work closely with internal credit and risk partners to set and continually monitor trading limited on individual credits and in aggregate credit trading Work closely with middle office and loan closers to maximize trade settlement efficiency Assist in onboarding trading counterparties through the KYC process both initially and on an ongoing basis Assist Leveraged Finance Syndicate in developing syndication strategies for primary transactions Responsible for communicating ongoing market conditions to Leveraged Finance Syndicate, Syndicated & Leveraged Finance and senior management Maintain strict adherence to Compliance obligations
Requirements
- Bachelor’s degree in Finance, Business or related field
- 10+ years’ experience in the securities industry with no identified regulatory issues
- FINRA Series & and Series 63 licenses
Nice To Haves
- FINRA Series 24
Responsibilities
- Responsible for market making activities on all lead managed institutional Term Loan B transactions
- Maintain strong relationships across Huntington’s institutional investor client base which includes Collateralized Loan Obligation managers, mutual funds, ETFs, credit opportunity/hedge funds as well as other commercial banks
- Collaborate closely with the loan sales team to help manage the trading desk’s capital at risk, solidify distribution channels, source actionable market color and market trade ideas
- Work closely with trading desk analyst team to monitor trading desk positions and develop trading ideas for investors
- Execute buys/sells for Huntington’s commercial bank credit portfolio, including both performing and non-performing credits, with a focus on profitability and recoveries, as appropriate
- Responsible for daily marketing of the trading book and working with market risk on a periodic basis as appropriate
- Work closely with internal credit and risk partners to set and continually monitor trading limited on individual credits and in aggregate credit trading
- Work closely with middle office and loan closers to maximize trade settlement efficiency
- Assist in onboarding trading counterparties through the KYC process both initially and on an ongoing basis
- Assist Leveraged Finance Syndicate in developing syndication strategies for primary transactions
- Responsible for communicating ongoing market conditions to Leveraged Finance Syndicate, Syndicated & Leveraged Finance and senior management
- Maintain strict adherence to Compliance obligations
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What This Job Offers
Job Type
Full-time
Career Level
Director
