Bachelor's degree in finance, economics, mathematics, engineering, or a related field; advanced degree or CFA preferred.
3+ years of experience in convertible bond trading with a quant/programming skillset.
Strong understanding of credit markets, bond math, equity derivatives, and volatility analysis.
Proficiency in modeling convertible securities and conducting scenario analysis.
Familiarity with risk management systems and trading platforms (e.g., Bloomberg, Tradeweb).
Strong analytical and quantitative skills, proficient in Excel and at least one programming language (Python, R, VBA).
Excellent communication skills and ability to thrive in a fast-paced team environment.
Responsibilities
Identify relative value opportunities in convertible bonds and related instruments.
Execute trades while adhering to investment theses and risk parameters.
Proactively manage positions based on valuation, liquidity, and market sentiment.
Conduct quant analysis on the convertible bond universe, focusing on historical pricing and valuation.
Model convertible securities across different scenarios, assessing various risks.
Build tools for data analysis and trade optimization in the convertible space.
Collaborate with the portfolio manager and risk team to manage position sizing and risk limits.
Benefits
Work within a dynamic investment team that values innovation and collaboration.
Gain exposure to a wide range of securities and trading strategies.
Opportunity for professional development and advancement within the organization.
Access to cutting-edge trading analytics and risk management tools.
Flexible work arrangements and supportive corporate culture.
Full Job Description
SummaryWe are seeking a highly motivated and detail-oriented Trader/Quant Analyst with a strong background in trading and data analysis to join our investment team. The ideal candidate will have at least 3 years of experience in convertible securities (or equity/FX/rates derivatives), relative value trading strategies, and quant data analysis. The role will combine active trading and risk management and quantitative analysis to identify and execute profitable opportunities in the convertible space.
Role/Responsibilities:
Identify relative value opportunities between convertible bonds, the underlying equity, and credit derivatives.
Execute trades in convertible securities, related equities, and hedges in alignment with investment theses and risk parameters.
Manage existing positions proactively, assessing changes in valuation, liquidity, and market sentiment.
Conduct in-depth quant data analysis on the convertible bond universe, including historical pricing and valuation.
Model and evaluate convertible securities across multiple scenarios, analyzing risks related to credit, interest rates, volatility, and equity sensitivity.
Build front-office tools to analyze convert universe data for idea generation, trade optimization, and risk management.
Coordinate with the portfolio manager and risk team to size positions appropriately and adhere to pre-defined risk limits.
Track and analyze P&L drivers on a daily basis and provide attribution reports.
Hedge exposures dynamically using equity, credit, and derivative instruments.
Work closely with other analysts, traders, and portfolio managers across strategies to share insights and generate synergies.
Maintain strong relationships with sell-side counterparties and market participants to source information and enhance trade execution.
Requirements:
Bachelor's degree in finance, economics, mathematics, engineering, or related field; advanced degree or CFA preferred.
3+ years of experience in convertible bond trading with a quant/programming skillset.
Strong understanding of credit markets, bond math, equity derivatives, and volatility analysis.
Proficiency in modeling convertible securities and scenario analysis.
Familiarity with risk management systems and trading platforms (e.g., Bloomberg, Tradeweb).
Strong analytical and quantitative data skills; proficiency in Excel and at least one programming language (Python, R, VBA) is required.
Excellent communication skills and ability to work in a fast-paced, team-oriented environment.
Commitment to the highest ethical standards.
About Point72
Point72 Asset Management is a hedge fund and family office founded by Steven Cohen in 2014. The company is headquartered in Stamford, Connecticut and manages over $16 billion in assets. Point72 primarily invests in public equity markets, but also has a private equity arm. The company has a global presence with offices in New York, London, Hong Kong, Tokyo, and Singapore. Point72 has been involved in several high-profile legal cases, including a $1.8 billion settlement with the SEC in 2013.
