High Yield Bond Trader- Team Lead

Charlotte, NC – Full-time

The Role

We are seeking an experienced high yield corporate trading professional to join our team as Head of High Yield Trading, reporting to the Global Head of USD Credit Trading. This individual will manage a proprietary trading book along with a team of high yield traders and will be mandated with: developing business strategies, overseeing the risk of the team, accurately responding to client RFQs, building and maintaining client relationships, and analyzing and improving internal processes. A successful candidate will help translate their strong understanding of market structure into impactful enhancements to revenues generated and our presence within the global high yield corporate market. Applicants must have outstanding leadership, communication, data analysis, and organizational skills.

  • Supervise a team of high yield trading professionals
  • Actively manage a proprietary book of high yield bonds and oversee the risk profile of the team
  • Build relationships with new and existing clients
  • Craft and maintain the business strategy for the team, optimize workflows, analyze and enhance pricing methodologies, and propose business process enhancements to senior management
  • Mentor junior traders on market structure, trading strategies, and credit analysis
  • Develop new and iterate on desk trading strategies working alongside our quantitative and technology professionals

Required Qualifications:

  • 10+ years of high yield trading experience
  • A deep understanding of high yield credit fundamentals and market structure
  • Active FINRA Licenses

Compensation and Benefits

In return for long-term commitment, we offer competitive compensation, including base pay and incentive compensation (which can include equity in the firm, subject to compensation agreements) and relocation assistance. Benefits include daily breakfast and catered lunch, monthly massages, paid time off, various leaves, company-sponsored medical and dental plans, long-term disability coverage, as well as a 401(k) plan with company matching contributions.

Culture

At Millennium, you will work with intelligent, ambitious, friendly, and positive individuals. We are proud of the team and culture we have built. The office hosts amenities and activities to give our team members opportunities to get to know one another and build meaningful relationships. We have a casual dress code, and our office sports pool and ping pong tables, music, group dining tables, and various comfortable meeting areas for collaboration.

This is an on-site role in Charlotte, NC.

Interested candidates should send resumes to recruiting@millenniumadvisors.com.

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