High-Yield/ Distressed Credit Trader

4 weeks ago

New York, United States Odeon Capital Group Full time
Job DescriptionJob Description

The Head of Credit Trading will have the exciting responsibility of executing and managing high-yield and distressed credit trades. They will lead a team of skilled traders and ensure compliance with regulatory requirements. We are looking for an ideal candidate with a successful background in running a trading desk, expert knowledge of the high-yield and distressed credit markets, and invaluable connections with market participants.

Work location: 100% in office

Responsibilities include but are not limited to:

  • Responsible for driving the growth and overseeing the management of the corporate product, strengthening Odeon’s presence.
  • Execute and manage trades involving high-yield and distressed credit securities.
  • Lead and supervise a team of traders, promoting a collaborative and high-performance culture.
  • Provide liquidity to institutional clients, delivering a consistently high level of service and responsiveness.
  • Develop and implement trading strategies to expand our product range and capitalize on opportunities in high-yield and distressed credit markets.
  • Monitor and analyze market conditions, credit events, and economic trends to inform trading decisions and strategies.
  • Maintain and strengthen relationships with market participants, including brokers, dealers, and institutional accounts.
  • Manage the day-to-day operations of the trading desk, including trade execution, position management, and risk monitoring.
  • Collaborate with research analysts and other team members to identify and evaluate trading opportunities.
  • Prepare and present regular reports on trading performance, market conditions, and risk exposures to senior management.
  • Mentor and develop team members, offering guidance and support to enhance their professional growth and performance.
  • Ensure compliance with regulatory requirements and internal policies pertaining to trading activities, acting as the regulatory supervisor for credit trading.

Preferred Attributes and Skills

  • Excellent verbal and written communication skills, along with a professional and friendly demeanor that helps build positive relationships both internally and externally.
  • Strong organizational, entrepreneurial, and decision-making abilities.
  • Attention to detail and a proactive approach, exhibiting the capability to work independently.
  • Committed to delivering exceptional work consistently and striving for excellence.
  • Proficient in trading platforms, market data systems, and analytical tools.
  • Demonstrated integrity and discretion in handling sensitive and confidential information.
  • Comfortable thriving in a fast-paced, collaborative work environment.

Requirements

  • Bachelor’s degree in related field
  • At least 10 years’ experience in high-yield and distressed credit trading, with a demonstrated ability to run a trading desk.
  • Active FINRA Licenses: Series 7, 63 and 24.
  • Deep knowledge of high-yield and distressed credit markets, including market dynamics, trading strategies, and credit analysis.
  • Strong relationships with brokers, dealers, and institutional accounts in the high-yield and distressed credit space.
  • Proven track record of generating profitable trading ideas and executing trades with a high level of precision and efficiency.
  • Experience in regulatory compliance and oversight within credit trading activities.

Benefits

  • Health Care Plan (Medical, Dental & Vision)
  • Retirement Plan (401k)
  • Paid Time Off (Vacation, Sick & Public Holidays)
  • Family Leave (Maternity, Paternity)
  • Short Term & Long Term Disability
  • Life Insurance (Basic, Voluntary & AD&D)

This description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Odeon Capital Group provides a total compensation package which may include a base salary, commissions, discretionary performance bonus, and/or a comprehensive benefits package. The estimated base salary range for this position, at the time of posting, is $150,000 to $200,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package. Candidates hired to work in other locations will be subject to the pay range associated with that location. The final base salary amount that is offered to any candidate, in any location, will be determined on several factors, which may include but are not limited to location, work experience, skills, knowledge, education, and/or regulatory licenses.

Odeon Capital Group is an Equal Opportunity Employer. We are committed to creating a work environment that supports, inspires, and respects all individuals and in which employment processes are merit-based and applied without discrimination. Odeon does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or any other protected characteristic or other non-merit factor.

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