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Quantitative Portfolio Manager - Credit

Hudson River Trading is a multi-asset class quantitative trading firm.

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Quantitative Portfolio Manager - Credit

The Credit team at Hudson River Trading (HRT) is a high-performing, lean and nimble team. As a Quantitative Portfolio Manager joining the Credit desk, your primary responsibility will be to manage semi-systematic or quantamental, market-neutral portfolios of credit positions. You will also work with researchers and developers to improve our investment process, incorporating your understanding of market technicals and credit fundamentals. We run a business of quantitatively modeled, discretionary traded, fundamentally vetted positions. You will have a broad mandate to create impact.  

This is an opportunity for you to innovate and contribute your own novel ideas in an extremely meritocratic environment. You will join a team that is motivated by genuine collaboration; it is a fundamental part of how we measure success. You will expand your breadth of knowledge in credit by learning from the experiences of the Credit team across both the buy and sell sides.

Algo Credit is a relatively newer vertical that partners closely with the broader Algorithmic Development group at HRT. We deploy market-neutral strategies designed to deliver returns in all market environments. Credit’s portfolios consist of liquid positions across corporate capital structures and their derivatives (corporate bonds, credit default swaps, ETFs, and equities). Our search for idiosyncratic returns extends across the globe with investments in several industries, from the largest crypto exchange in the US to the smallest copper mine in Zambia. Our investment strategies are quantitatively driven and span the stylistic spectrum of credit investing, from traditional fundamental analysis to purely systematic. 

Skills 

  • Minimum 2 years experience trading and managing publicly traded, corporate credit risk, buy-side experience strongly preferred
  • Strong understanding of relative value, both inter capital structure (company vs company) and intra capital structure (security vs security of the same company)
  • Strong ability to understand, analyze and digest fundamental credit research 
  • In-depth understanding of the impact and influence of factors in portfolio construction
  • Basic proficiency in Python programming 
  • Extensive experience with Bloomberg terminal, Microsoft Excel
  • Fundamental analysis skill sets preferred, but not required 

Profile 

  • You possess a bachelor's degree 
  • You possess an in-depth understanding of over-the-counter trading in credit markets 
  • You understand that independence is important but teamwork is critical 
  • High attention to detail and accuracy 
  • You believe success is defined not only by a quantitative aptitude, but by a social aptitude, and seek to be part of a team that excels in both 

Annual base salary range of $150,000 to $250,000. Pay (base and bonus) may vary depending on job-related skills and experience. A sign-on and discretionary performance bonus may be provided as part of the total compensation package, in addition to company-paid medical and/or other benefits.

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.

At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.

Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.