Demo

Execution Trader, Systematic Credit

Teza Technologies
New York, NY Full Time
POSTED ON 2/16/2025
AVAILABLE BEFORE 5/3/2025

About the role

We are seeking an Execution Trader to join a Systematic Credit Business at our firm. This is a Front office execution role working directly with one of our Portfolio Managers. We offer competitive compensation and excellent benefits. The role is based in either our New York or London office.

Key responsibilities / Day-to-day :

  • Update proprietary risk management system parameters and monitor key risk metrics in real-time to ensure accurate P&L reporting and compliance with risk thresholds.
  • Manually execute trades in high-yield (HY) and investment-grade (IG) corporate bonds, ensuring precision and adherence to best execution practices. Build out and enhance the systematic execution system.
  • Responsible for trade bookings, reconciliation, and amendments to ensure smooth and accurate post-trade operations.
  • Communicate relevant news, market events, and position behavior across the HY / IG credit universes to team members to support informed decision-making.
  • Monitor and report on trade execution costs and market impact, providing key inputs for broker / dealer selection and performance evaluation.
  • Contribute to the continuous improvement of trade execution workflows and quantitative system processes tailored to the HY / IG bond markets.
  • Actively develop and maintain strong relationships with a broad set of liquidity providers, dealers, and brokers while gathering market intelligence specific to HY and IG sectors.

Basic Requirements :

  • 5 years of full-time work experience in a back office, middle office, or trading role, with direct exposure to HY and IG corporate bond markets.
  • 2 years of Python programming building production infrastructure and pipelines within financial services
  • Knowledge of settlement and clearing processes specific to fixed-income securities, particularly in HY / IG universes.
  • Proficiency in Bloomberg and fixed-income trading platforms, with the ability to quickly learn and adapt to new technologies.
  • Excellent problem-solving, mathematical, and quantitative reasoning skills.
  • Proven ability to manage multiple tasks, work under pressure, and thrive in fast-paced decision-making environments.
  • Highly organized and detail-oriented, with a commitment to accuracy in trade execution and reporting.
  • Strong critical thinking and communication skills, with the ability to convey complex market dynamics effectively.
  • This role is pivotal in ensuring efficient execution and driving strategic success in systematic credit markets while maintaining robust relationships with market participants and continuously improving execution processes.

    Nice to have Requirements :

  • Knowledge of primary markets and the syndicate processes with new issues
  • Experience trading other fixed income securities such as CDS
  • Experience in signal generation and market microstructure within credit
  • Benefits

  • Health, visual and dental insurance
  • Flexible sick time policy
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