Director/MD Cap Mkts, Trader High Yield Sales & Trading
Citizens Bank, Charlotte, NC, United States
Description
Citizens Capital Markets is seeking an experienced Director/Managing Director to join its High Yield Sales & Trading team. This role is centered on risk management, liquidity provision, price discovery, and balance‑sheet optimization across the high yield credit complex. The successful candidate will play a critical role in secondary market trading, primary issue pricing and allocation, and firm‑wide market leadership.
Key Responsibilities
Own and actively manage High Yield trading risk across cash bonds and related instruments, with disciplined balance‑sheet deployment.
Drive revenue generation through market‑making, relative‑value trading, and tactical risk positioning.
Partner closely with High Yield Syndicate and Investment Banking on new issue pricing, distribution strategy, allocations, and aftermarket performance.
Provide real‑time market color, liquidity insight, and pricing intelligence to sales, syndicate, research, and banking teams.
Evaluate and manage firm inventory, liquidity constraints, and capital usage in line with risk and return objectives.
Serve as a senior market voice with clients on execution strategy, market structure, and technical dynamics.
Mentor and develop junior traders; contribute to a high‑performance, risk‑aware trading culture.
Maintain strict adherence to regulatory, supervisory, and internal risk management requirements.
Qualifications
10+ years of High Yield Trading experience or closely related credit markets role.
Deep expertise in High Yield market structure, pricing, liquidity, and relative‑value dynamics.
Proven ability to generate P&L through disciplined risk management and market insight.
Strong judgment balancing client facilitation, risk, and firm profitability.
Excellent communication skills with the ability to articulate market views internally and externally.
Series 7 and 63 licenses required (or ability to obtain promptly).
Hours & Work Schedule
Hours per Week: 40+
Work Schedule: Monday - Friday
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
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Key Responsibilities
Own and actively manage High Yield trading risk across cash bonds and related instruments, with disciplined balance‑sheet deployment.
Drive revenue generation through market‑making, relative‑value trading, and tactical risk positioning.
Partner closely with High Yield Syndicate and Investment Banking on new issue pricing, distribution strategy, allocations, and aftermarket performance.
Provide real‑time market color, liquidity insight, and pricing intelligence to sales, syndicate, research, and banking teams.
Evaluate and manage firm inventory, liquidity constraints, and capital usage in line with risk and return objectives.
Serve as a senior market voice with clients on execution strategy, market structure, and technical dynamics.
Mentor and develop junior traders; contribute to a high‑performance, risk‑aware trading culture.
Maintain strict adherence to regulatory, supervisory, and internal risk management requirements.
Qualifications
10+ years of High Yield Trading experience or closely related credit markets role.
Deep expertise in High Yield market structure, pricing, liquidity, and relative‑value dynamics.
Proven ability to generate P&L through disciplined risk management and market insight.
Strong judgment balancing client facilitation, risk, and firm profitability.
Excellent communication skills with the ability to articulate market views internally and externally.
Series 7 and 63 licenses required (or ability to obtain promptly).
Hours & Work Schedule
Hours per Week: 40+
Work Schedule: Monday - Friday
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
#J-18808-Ljbffr