Credit trader

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Credit trader

Investments

London

London



R2795



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DESCRIPTION

We’re a specialist UK financial services group focusing on attractive segments of the UK retirement income market but guess what, we’re not your traditional financial services company and we’re not just looking for traditional financial services people. We need agile operators, who can quickly find solutions and are committed to doing the right thing for our customers.

We are passionate about our strong purpose of helping people achieve a better later life and our culture is built around our identity of being Just. We do the right thing in the right way. Collaborating and valuing differences makes us a successful team in which everyone feels included. Our culture, combined with our strong purpose, is one of our key competitive advantages and helps us to make Just an inclusive and great place to work.

In 2021 we were named as one of the UK's 100 Best Large Companies to Work For and accredited as a 2-star organisation, representing outstanding levels of engagement. Alongside these we were also recognised in the following Best Companies categories: Financial Services' 30 Best Companies to Work For, London's 75 Best Large Companies to Work For, South East's 100 Best Companies to Work for and Northern Ireland's 10 Best Companies to Work For. We're extremely proud to be recognised for the great work that we do.


The  Credit  Trader  will  work  in  conjunction  with  the  Liquid  Credit  Portfolio  Manager  to  support  the business’s transaction activity within the internally managed public bond portfolio. The trader will also have the opportunity to  support  on  derivative  execution  associated  to  purchase  of  non  GBP  bonds  and  wider  risk management requirements of the company [IRS, inflation, FX, CDS and options].This role holder will provide a leading role for credit trading activities which focuses on Developed and Emerging  market  IG  debt  along  with  building  out  structured  credit  and  portfolio  trading  capabilities.

Responsibilities:

  • Play a lead role in the execution and monitoring of credit trades within Just’s Matching Adjustment internally managed bond portfolio
  • Provide information and opportunity flow in respect of internal corporate bond portfolio management
  • Support when needed derivative execution [Predominantly XCCY swaps of credit assets] albeit this will not be a day to day activity and guidance will be provided by the Liquid Credit portfolio manager Work closely with the Liquid Credit Portfolio Manager to understand the investment appetite and constraints of the Matching Adjustment portfolio as well building investment views regarding credit trends both in terms of spread and rating changes
  • Research and maintain market capabilities and infrastructure in relation to credit trading initiatives and operations, including relationship management with trading counterparties
  • Develop and implement solutions in respect of structured investment techniques
  • Provide the technical and quantitative analysis skills required to build/maintain/evaluate complex financial asset models
  • Provide technical modelling and market colour to the broader Investment team in the design and implementation of new initiatives and strategies.
  • Provide market colour and insight on credit, rates and the general macro environment to the investment team
  • Work closely with Credit Research, Portfolio Management and the Investment Strategy team to ensure delivery of Just’s investment objectives
  • Ensure that trading operates within Just’s risk management framework and processes
     

Skills and Experience required:

  • Degree in a quantitative field
  • CFA is desirable but not essential
  • Excellent analytical and numerical skills is required along with advanced excel skills
  • Ability to code [VBA being the common language used] is an additional positive to the role
  • Strong Problem solving capabilities
  • proactive and commercial mindset
  • Strong expertise and knowledge of corporate and government bond markets across IG developed and emerging market debt
  • Good understanding of the drivers behind macro trends and how these impact risk assets
  • Has an awareness of the holistic impacts of an investment [E.g. Liquidity risk, derivative implementation, operational aspects etc.]
  • Understanding of the basic principles of Liability Driven Investment along with how investment strategy is geared towards a Matching Adjustment portfolio is beneficial
  • Demonstrable track record in credit trading execution experience, in either a market making or asset management environment
  • Experience in structuring credit investments