Senior Credit Trader, Principal, Liquid Credit

Ares Management Corporation•New York, NY

1d•$230,000 - $250,000•Onsite

About The Position

Ares is seeking a Principal to join their liquid credit trading team in New York, NY. This role involves trading bank loans, high yield bonds, and distressed corporate securities for various Ares credit groups. The team aims to capitalize on investment opportunities within the liquid credit universe through tactical allocation and credit selection, offering investors access to syndicated loan and high yield bond markets. The position requires partnering with portfolio managers, sourcing investment opportunities, managing capital markets responsibilities, contributing to investment committees, and providing market insights. Collaboration with internal teams and leveraging technology for trading efficiencies are also key aspects of the role.

Requirements

BA/BS in Finance, Accounting, or related field required
8-10+ years relevant experience and currently in a buyside or sellside trading (preferred) or capital markets capacity within the below IG-corporate credit markets
Proficient in understanding portfolio manager/client needs, generating proprietary idea flow, partnering with counterparties to source opportunities, and communicating credit and market news to internal constituents
Established track record of strong relationships with internal and external/counterparty relationships
Ability to assess facts and make quick decisions in a trading environment
A demonstrated track record of multi-tasking/simultaneously managing multiple tasks while on the trading desk
Firm understanding of trading platforms and the ability to quickly learn any required internal applications
Strong understanding of credit fundamentals and market technicals
Excellent communication and interpersonal skills to manage both internal and external business relationships
Strong attention to detail and high operational accuracy
Strong sense of teamwork, ethics and personal accountability

Nice To Haves

master’s degree and/or CFA a plus

Responsibilities

Senior trader focused on bank loans, high yield bonds and corporate distressed securities with responsibility for trading on behalf of the Liquid Credit, Direct Lending, Special Opportunities and Alternative Credit groups.
Partner with portfolio managers to develop a fulsome understanding of the Firm and Credit Group’s investment goals and divergent portfolio mandates to generate actionable trade ideas including relative value across loans/HY.
Source investment opportunities and deal flow by leveraging Street relationships and by establishing/fostering new buyside partnerships.
Capital markets responsibilities including but not limited to: manage new issue calendar, facilitate dialogue on early looks, reverse inquiries, develop/strengthen relationships with our capital markets counterparties and in time develop relationships with Sponsors.
Serve as a dynamic contributor to the Liquid Credit Investment Committee and Global Allocation Committee processes, adding not only technical and trading commentary, but also fundamental credit insight.
Provide timely market color and feedback to internal constituents (portfolio managers, analysts, credit/firm management). Specifically provide daily proprietary summaries of firmwide trading activity and overall market commentary that can be shared across Ares’ investment and investor relations platform.
Foster communication and collaboration with professionals across Credit including Liquid Credit, Direct Lending, Special Opportunities, and Alternative Credit.
Partner with IT and investment operations groups to leverage the use of technology to provide efficiencies in all areas of the trading process.