GBM - Systematic Credit Trading Strats, VP - NY
About The Position
Candidates joining the Systematic Credit Strats team are engaged in market making and its related functions in US Credit. Team members combine their mathematical, programming and market expertise to build and generate systematic strategies. The desk looks for individuals with strong communication, both written and verbal, strong mathematical skillsets, programming experience, and who are motivated to get hands on experience with systematic trading. This role is specifically focused on the desk’s FICC ETF trading business – both the primary and secondary market making side of the business.
Requirements
- Programming experience in Python, Java, C++ (or similar); ability to write clean, testable code.
- Bachelor’s or Master’s degree in a STEM discipline (or equivalent quantitative experience).
- Strong written and verbal communication skills; ability to explain technical topics clearly.
- Demonstrated interest in markets, trading, and systematic decision-making.
Nice To Haves
- Prior experience with FICC ETFs (e.g., rates, credit, mortgages, muni, inflation, EM debt ETFs) or ETFs in general, including trading, market making, portfolio trading, or ETF analytics.
- Understanding of ETF mechanics such as secondary-market trading vs. creation/redemption and how underlying liquidity impacts ETF pricing.
- Experience with fixed income products, including hedging instruments (futures/swaps) and market microstructure.
Responsibilities
- Pricing & Analytics Enhance models and tools for ETF fair-value, spread analytics, and execution quality.
- Support systematic quoting frameworks and real-time risk monitoring.
- Risk Management Build tools to assist in managing desk exposures.
- Design and improve hedging workflows using appropriate FICC instruments consistent with desk strategy and risk limits.
- Technology & Automation Write efficient, well-tested code to support pricing, risk, and workflow automation.
- Partner with Technology to productionize tools and improve system robustness.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
