Blackstone
Blackstone Credit & Insurance Liquid Credit Strategies, Trader
Blackstone, Lincoln, Nebraska, United States, 68511
Blackstone Credit & Insurance Liquid Credit Strategies, Trader
Associate
This position will work with High Yield (HY) and Investment Grade (IG) portfolio managers and the broader trading desk to execute in the primary and secondary markets, understand portfolio needs, and generate investment ideas.
While the primary focus will be HY and IG trading, there will be an expectation to trade treasuries, municipal bonds, and CDS.
Other responsibilities will include :
Communicating market and trading color to broader investment discussions with portfolio managers, research analysts and other traders
Tracking spreads and other market data for portfolio managers and research analysts
Identifying relationships across markets and potential trades that arise from those relationships
Building upon relationships with existing Wall Street sales / trading / syndicate desks
Backing up other traders across loans, high yield, municipals, private placements, and distressed credit
Qualifications :
Undergraduate degree
2+ years of trading experience in credit trading
Existing sales and trading relationships are preferred
Proficiency in trading platforms : Bloomberg, MarketAxess, TradeWeb and TruMid
Effectively manages multiple tasks on the trading desk
Strong communication and interpersonal skills to manage both internal and external business relationships
Strong sense of teamwork, ethics and professional accountability
Expected annual base salary range : $125,000 - $160,000. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables. Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.
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Associate
This position will work with High Yield (HY) and Investment Grade (IG) portfolio managers and the broader trading desk to execute in the primary and secondary markets, understand portfolio needs, and generate investment ideas.
While the primary focus will be HY and IG trading, there will be an expectation to trade treasuries, municipal bonds, and CDS.
Other responsibilities will include :
Communicating market and trading color to broader investment discussions with portfolio managers, research analysts and other traders
Tracking spreads and other market data for portfolio managers and research analysts
Identifying relationships across markets and potential trades that arise from those relationships
Building upon relationships with existing Wall Street sales / trading / syndicate desks
Backing up other traders across loans, high yield, municipals, private placements, and distressed credit
Qualifications :
Undergraduate degree
2+ years of trading experience in credit trading
Existing sales and trading relationships are preferred
Proficiency in trading platforms : Bloomberg, MarketAxess, TradeWeb and TruMid
Effectively manages multiple tasks on the trading desk
Strong communication and interpersonal skills to manage both internal and external business relationships
Strong sense of teamwork, ethics and professional accountability
Expected annual base salary range : $125,000 - $160,000. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables. Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.
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