Asset Management, Highbridge, Relative Value Credit Derivative Trader

JPMorgan Chase & Co.•New York, NY

42d

About The Position

Highbridge Capital Management, LLC, founded in 1992, is a global alternative asset management firm. Over the years, it has developed a diversified investment platform that includes hedge funds, co-investment vehicles, and committed, closed-end vehicles designed for longer-term holding periods. Today, Highbridge distinguishes itself as a credit, relative value and volatility-focused franchise, with the flexibility to invest opportunistically across the capital structure and liquidity spectrum. Currently managing over $4 billion in capital, the firm strives to generate attractive risk-adjusted returns for a financially sophisticated clientele, including institutional investors, public and corporate pension funds, sovereign wealth funds, endowments, foundations, and family offices. Headquartered in New York, Highbridge also operates an office in London. Highbridge Capital Management is seeking a Vice President – Relative Value Credit Derivative Trader to play a pivotal role in building and executing a new Relative Value Credit investment strategy. This is a unique opportunity for an entrepreneurial and highly skilled trader to partner directly with the firm’s Co-Chief Investment Officers (CIOs) and Chief Risk Officer (CRO) in shaping a strategy that targets market inefficiencies and cross-capital structure dislocations, with a primary focus on the US and selective opportunities in Europe. The strategy will employ both long and short positions across corporate credit, credit derivatives, and interest rate derivatives, with flexibility to trade single-name credit relative to indices, as well credit, equity and their derivatives. The successful candidate will work closely with the CIOs and CRO to define and implement a robust investment process and will also contribute to the design of systematic portfolio hedges for the firm’s funds. This role offers substantial growth potential, as the trader will not only execute trades but also help architect the overall strategy, leveraging the capabilities of fundamental and quantitative research teams. The goal is to collectively build a scalable, innovative investment strategy guided by the firm’s leadership.

Requirements

Bachelor’s or advanced degree in Finance, Engineering, Mathematics, or a related quantitative field.
Minimum of 6 years of experience in credit trading, with significant exposure to credit derivatives; experience with equity derivatives is a plus.
Demonstrated ability to understand and manage complex investment products and strategies.
Exceptional quantitative, analytical, and problem-solving skills.
Meticulous attention to detail and a disciplined approach to investment and risk management.
Outstanding communication skills for effective engagement with internal and external stakeholders.
Highly collaborative, adaptable, and comfortable working in a dynamic, fast-paced environment.
Entrepreneurial spirit, intellectual curiosity, and a passion for building innovative investment strategies.

Responsibilities

Design, implement, and refine a systematic Relative Value Credit strategy with the CIOs and CRO.
Execute trades across US and European credit, credit derivatives, indices, equities, and equity derivatives.
Assist in developing and managing systematic portfolio hedges for the firm.
Utilize proprietary screening tools to identify and evaluate new trade opportunities across the investment universe.
Leverage strong relationships with the street to source and filter market intelligence and fresh trade ideas.
Collaborate with fundamental credit analysts and quantitative resources to enhance the investment process.
Jointly underwrite and manage risk with senior research team members.
Identify, assess, and manage portfolio risks, ensuring robust risk models and controls.
Standardize methodologies with risk and portfolio construction teams.
Build and maintain relationships with trading desks to source and filter market intelligence and trading ideas.
Provide regular updates and participate in meetings to discuss strategy performance and risk with leadership.
Collaborate with technology and operations to develop tools and applications that support portfolio growth and scalability.