Associate Director, Loan Trading, Americas
Standard Chartered Bank, New York, New York, United States
This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
JOB SUMMARY This loan trader will execute the trading strategy of the Loan Trading desk in New York to meet Loan Trading's Annual Corporate Plan. The desk mandate is to encompass broadly syndicated loans, illiquid secondary opportunities, and private credit. In addition to trade execution, the ideal candidate will evidence strong fundamental credit research skills that will be relied on to conduct thorough credit and market risk analyses for the trading desk.
Post execution, the trader will actively monitor the credit, and be accountable to the Head, Loan Trading, Americas on income performance. The ideal candidate will therefore wear multiple hats that involve identifying credit trading opportunities, managing risk, and executing the trading strategy while ensuring that relevant risk limits and all other necessary authorisations are in place. RESPONSIBILITIES Execute the North American strategy for Loan Trading in making the market on loans (including private credit and leveraged loans) to client counterparties, and churning book inventory within risk-approved ageing limits. Accountable for all workstreams across the bank required for the proper entry, portfolio/position risk monitoring and exit of proposed risk trading positions. Exercise strong trading acumen and manage trading risks proactively. Support the Head, Loan Trading, Americas in credit and pricing analysis, execution of loan trading strategy, and work with Sales in sourcing appropriate trade ideas for Loan Trading. Exercise trading acumen in recommending credit buy and sell calls to match client supply and demand within specific issuer and ageing limits, while adding to Loan Trading's target income and RoRWA KPI towards fulfilling the Annual Corporate Plan. Support the Head, Loan Trading, Americas in monitoring of portfolio credit quality, credit migration, returns analysis and internal reporting requirements. Promote a working environment where compliance with internal control functions and the external regulatory framework is a central priority of the business. Work closely with colleagues and with other stakeholders, including Sales, credit analysts, Traded Risk Management, Legal, Compliance, Operations and Finance. Have an inclusive mindset, and align with SCB's desired human resource qualities, and the people culture desired within Markets. Ensure that trades comply with issuer and ageing limits set by Traded Risk Management. To embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance. Ensure business functions under the desk's area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the Markets Code of Conduct. Ensure adherence to all internal and external regulations and procedures. Ensure that the business meets its obligations for the prevention of money laundering under the Group Policy and Standards and under local laws and regulations. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); trade bookings, credit and risk assessments, risk approval procurement, risk management of book positions, compliance with all risk limits and regulations, prudent management of ageing assets Qualifications •
Education
Undergraduate degree, MBA (Preferred) •
Languages
English At least 7 years of experience in the following: •
Trading and/or investment in loans •
Strong credit analysis skillset, with an ability to recommend or decline trades •
Comfortable and adaptive at making risking calls •
Substantial acumen in understanding finance documentation Role Specific Technical Competencies •
Trading •
Financial Analysis •
Financial Forecasting and Modeling •
Investments About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we: Do the right thing
and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do Never settle,
continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well Are better together,
we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term Expected annual base pay range for the role is 168,000 USD to 210,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations Visit our careers website www.sc.com/careers What we offer
In line with our Fair Pay Charter,
we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. Core bank funding for retirement savings, medical and life insurance,
with flexible and voluntary benefits available in some locations. Time-off
including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working
options based around home and office locations, with flexible working patterns. Proactive wellbeing support
through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits A continuous learning culture
to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning. Being part of an inclusive and values driven organisation,
one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential. ]]>
JOB SUMMARY This loan trader will execute the trading strategy of the Loan Trading desk in New York to meet Loan Trading's Annual Corporate Plan. The desk mandate is to encompass broadly syndicated loans, illiquid secondary opportunities, and private credit. In addition to trade execution, the ideal candidate will evidence strong fundamental credit research skills that will be relied on to conduct thorough credit and market risk analyses for the trading desk.
Post execution, the trader will actively monitor the credit, and be accountable to the Head, Loan Trading, Americas on income performance. The ideal candidate will therefore wear multiple hats that involve identifying credit trading opportunities, managing risk, and executing the trading strategy while ensuring that relevant risk limits and all other necessary authorisations are in place. RESPONSIBILITIES Execute the North American strategy for Loan Trading in making the market on loans (including private credit and leveraged loans) to client counterparties, and churning book inventory within risk-approved ageing limits. Accountable for all workstreams across the bank required for the proper entry, portfolio/position risk monitoring and exit of proposed risk trading positions. Exercise strong trading acumen and manage trading risks proactively. Support the Head, Loan Trading, Americas in credit and pricing analysis, execution of loan trading strategy, and work with Sales in sourcing appropriate trade ideas for Loan Trading. Exercise trading acumen in recommending credit buy and sell calls to match client supply and demand within specific issuer and ageing limits, while adding to Loan Trading's target income and RoRWA KPI towards fulfilling the Annual Corporate Plan. Support the Head, Loan Trading, Americas in monitoring of portfolio credit quality, credit migration, returns analysis and internal reporting requirements. Promote a working environment where compliance with internal control functions and the external regulatory framework is a central priority of the business. Work closely with colleagues and with other stakeholders, including Sales, credit analysts, Traded Risk Management, Legal, Compliance, Operations and Finance. Have an inclusive mindset, and align with SCB's desired human resource qualities, and the people culture desired within Markets. Ensure that trades comply with issuer and ageing limits set by Traded Risk Management. To embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance. Ensure business functions under the desk's area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the Markets Code of Conduct. Ensure adherence to all internal and external regulations and procedures. Ensure that the business meets its obligations for the prevention of money laundering under the Group Policy and Standards and under local laws and regulations. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); trade bookings, credit and risk assessments, risk approval procurement, risk management of book positions, compliance with all risk limits and regulations, prudent management of ageing assets Qualifications •
Education
Undergraduate degree, MBA (Preferred) •
Languages
English At least 7 years of experience in the following: •
Trading and/or investment in loans •
Strong credit analysis skillset, with an ability to recommend or decline trades •
Comfortable and adaptive at making risking calls •
Substantial acumen in understanding finance documentation Role Specific Technical Competencies •
Trading •
Financial Analysis •
Financial Forecasting and Modeling •
Investments About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we: Do the right thing
and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do Never settle,
continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well Are better together,
we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term Expected annual base pay range for the role is 168,000 USD to 210,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations Visit our careers website www.sc.com/careers What we offer
In line with our Fair Pay Charter,
we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. Core bank funding for retirement savings, medical and life insurance,
with flexible and voluntary benefits available in some locations. Time-off
including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working
options based around home and office locations, with flexible working patterns. Proactive wellbeing support
through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits A continuous learning culture
to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning. Being part of an inclusive and values driven organisation,
one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential. ]]>