Credit Algo Quant
Develop and implement electronic market-making models for the Credit and mortgage businesses.
While, the importance of having an analytical and quantitative mindset is imperative for success in this job, you must also be practically minded in that you must understand how models generate value for the trading operation, what level of sophistication they should have in order to achieve their goals while remaining simple and easy to implement, and how model performance can be evaluated, both in testing and in production. Ability to test models thoroughly and implement the appropriate ones should be of primary focus. The position requires both attention to detail and the ability to see the "big picture" of the trading operation. You should have exemplary quantitative skills combined with an ability to explain models in simple terms.
This role offers the possibility to learn the microstructure of the Credit markets and Mortgage markets at a time when the role of electronic trading and systematic strategies is rapidly increasing. It also gives the opportunity to work in a closely integrated team comprised of traders, quants and technologists, with exposure to all aspects of the operation.