Truist Financial

MD, Credit Trading

Truist Financial • $350K *
Finance & Insurance
15+ years of experience
Job Overview by Ladders

Qualifications

  • BA/BS degree required
  • 16 years of related work experience
  • Advanced knowledge of the Credit industry and products
  • Proven track record in revenue generation
  • Extensive experience in risk management
  • Strong analytical and problem-solving skills
  • Excellent communication and interpersonal skills

Responsibilities

  • Manage individual credit trading book across multiple sectors
  • Establish positions to facilitate liquidity for clients
  • Analyze credit market and security-specific opportunities
  • Develop and maintain client relationships
  • Collaborate with Credit Research to define trading strategies
  • Lead transaction execution and manage complex client issues
  • Coach and mentor junior team members

Benefits

  • Medical, dental, and vision insurance
  • Life and disability insurance
  • 401k plan with tax-preferred savings accounts
  • Generous vacation and sick leave policies
  • Paid holidays
  • Potential eligibility for pension plan and restricted stock units
Full Job Description
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

Need Help?

If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:
Regular

Language Fluency: English (Required)

Work Shift:
1st shift (United States of America)

Please review the following job description:

Credit Trading desk makes a secondary market in, and stands ready to purchase and sell, corporate bonds for Truist Securities fixed income investor clients and support our bond origination and syndication business.

ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. In connection with market making, Truist is typically required to maintain an inventory of positions (both long and short), and to establish positions to facilitate liquidity on behalf of our clients.
2. Responsible for managing individual credit trading book with multiple sectors including but not limited to risk management, trade execution, trade analysis, sector analysis, idea generation, and hedging.
3. Accountable for P&L generation and maintaining market share in assigned sectors
4. Active communication and dialog with Credit Research team to define views and trading strategy within the respective industries covered.
5. Independently analyze and evaluate credit market and security specific opportunities.
6. Develop and maintain client relationships across the Credit account base.
7. Work closely with Debt Capital Markets and coverage banking teams to successfully originate and distribute Truist Left Lead deals.

Level-specific duties:

1. Seasoned expert in managing desk capital to execute firm and customer trades in accordance with desk risk parameters.
2. Applies extensive industry/market/product knowledge to drive revenue production and business growth.
3. Plays a key role in developing strategy and objectives for Credit Trading. May participate in strategic decision-making outside their specific area.
4. Responsible for managing individual credit trading book with multiple sectors including but not limited to risk management, trade execution, pre/post trade analysis, sector analysis, idea generation, hedging, and attributable P&L.
5. Practiced professional in the Credit market and has extensive experience demonstrating the ability to independently manage risk (position management/hedging/pair trades/risk assessment/macro analysis).
6. Strong analytical, written, and oral communication skills
7. Consistently and effectively communicates with Credit Research to define views and strategy within their respective industry.
8. Works closely with Capital Markets/Banking teammates to convey market and client-related information.
9. Applies highly developed risk management skills and sets the standard for risk management practices for Credit Trading in accordance with risk and regulatory limits outlined in the Credit Desk Trader Mandate.
10. Coaches team, mentors junior talent, and holds teammates accountable.
11. Drives desk in fulfilling mission to provide efficient, effective and differentiated execution for clients, fellow teammates and stakeholders.
12. Upholds the values of Trustworthiness, Caring, One Team, Success and Happiness to shape desk culture.
13. Maintains extensive and deep current Credit client relationships, a track record of success in the areas of new client relationship development, and advancement of existing client relationships to drive future business growth is expected.
14. Leads support work, business development and/or product/client relationship management when needed.
15. Assists in the generation of ideas and strategies for new business opportunities.
16. Leads all aspects of transaction execution, including organizing teams and handling engagement with internal and external constituencies, and managing resolution of complex client transaction issues.
17. Builds cross-functional relationships within the investment bank and leverages these relationships to aid in communication and desk/firm improvements

18. Assists in training, mentoring, and directing the work of junior teammates

Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. BA/BS degree
2. 16 years of related work experience
3. Advanced knowledge of Credit Credit industry, market, and products
4. Proven track record in revenue generation and entrepreneurial nature
5. Extensive track record of prudent risk management
6. Advanced analytical and technical skills combined with a problem solving attitude
7. Excellent interpersonal style, good listening skills and the ability to communicate highly complex ideas clearly and concisely
8. Strong partnering and leadership skills in a complex, matrixed environment

The annual base salary for this position is $350,000.

Preferred Qualifications:
1. CFA and/or MBA degree, with a Finance focus
2. 18 years of related work experience
3. Experience in mentoring and coaching
4. Technology / Coding experience (Python, R, VBA, ect.)

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

Don’t miss out on future opportunities or insights into our company culture and industry trends. Subscribe to our job alert emails and stay informed about new positions and career tips directly from our professionals. At Truist Financial, we’re not just offering jobs; we’re building careers. Join us and discover how you can make a difference and fuel your future.

SEARCH TRUIST FINANCIAL JOBS

READ CAREERS BLOG

Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
+14.3%
NASDAQ

More Jobs at Truist Financial

More Finance & Insurance Jobs

Find similar MD, Credit Trading jobs: