GLOBAL BANKING & MARKETS — Systematic Credit Trading Strats

Our Team

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

Job Summary

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.

Key Responsibilities

1. Pricing & Analytics
   • Enhance models and tools for ETF fair-value, spread analytics, and execution quality.
   • Support systematic quoting frameworks and real-time risk monitoring.
2. 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.
3. Technology & Automation
   • Write efficient, well-tested code to support pricing, risk, and workflow automation.
   • Partner with Technology to productionize tools and improve system robustness.

Required Qualifications

• 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.

Preferred Qualifications

• 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.

What Success Looks Like

• You improve model accuracy and tooling that enhances quoting consistency and risk transparency.
• You help the desk manage exposures effectively during fast markets.
• You deliver reliable code and analytics that scale across products and workflows.