Credit Derivative/Corporate Bond Quant Researcher
Credit Quant Strategist - NYC - $250,000-$350,000 Total Compensation
Level: Associate or VP
Summary: A top global investment bank is seeking a Credit Derivative/Corprate Bond Quant Researcher to join their dynamic team. This is a growth hire for the business after a very successful 2024, offering the opportunity to work closely with the trading desks, particularly focusing on credit derivatives, ETFs, and corporate bonds. This candidate will report directly to the Head of the Quant Strategies Group and will play a crucial role in supporting various trading desks across the credit space.
Key Responsibilities:
- Develop and optimize pricing models for various financial instruments, including bonds, CDS, CDO tranches, ETFs, etc.
- Implement advanced risk management and pricing strategies.
- Build/maintain the core quant pricing library utilizing C++.
- Provided daily P&L, risk, and pricing insights for credit derivatives trading.
- Develop and sustain data-driven models while integrating business logic into decision-making tools.
- Develop and evaluate hedging strategies through backtesting to improve trading outcomes.
- Support the trading desk by utilizing existing models and developing new strategic approaches.
- Conduct optimization projects and offer insight on IG/HY/EM/bonds/ETFs products.
Job Requirements:
- PhD or Masters in a quantitative field [Operations Research, Statistics, Physics, Mathematics, etc.]
- 1+ years of experience supporting a trading desk or PM.
- Strong proficiency in Python and C++.
- In-depth knowledge of credit derivatives, corporate bonds, or ETF products.
- Prior experience building/maintaining pricing libraries.
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