About the job
The Credit Portfolio Lending Group (CPG) is a public-side global function with approximately 25 Portfolio Management and Trading professionals across New York, London, and Singapore, and is part of the Markets function within the Commercial & Investment Bank (CIB). CPG has two primary functions: Portfolio Management & Research (PM&R), which is aligned by industry and geography, and Trading & Distribution (T&D), which uses both liquid and illiquid channels to risk manage the book. The priority of the group is to manage the retained credit portfolio, focusing on concentrated exposures (company-specific, industry, or geographical concentrations) while balancing the competing priorities of minimizing cost, P&L volatility, and capital usage. Portfolio Managers and Researchers work with Traders to determine appropriate strategies to manage the portfolio, achieved primarily via the secondary loan market, the CDS market, and through structured solutions.
The Quantitative Research (QR) function supporting CPG is responsible for developing and maintaining models for valuation, risk, and P&L calculations, as well as building analytics, portfolio monitoring tools and algorithms that support CPG’s activities. Responsibilities span the full lifecycle from new model specification and approval through to implementation in libraries and integration into risk and P&L systems.
Responsibilities
Design, build, and deploy AI, LLM, and generative AI agent-based tools to support CPG trading workflows, including automated market analysis, credit curve maintenance, trade idea generation, and portfolio risk monitoring
Explore and implement machine learning techniques to enhance market-making algorithms, quoting tools, and portfolio optimization strategies
Stay at the forefront of emerging AI capabilities and identify practical applications that can be embedded into the desk's daily operations
Leverage the vast amount of data available across the credit portfolio to proactively identify opportunities, concentrated exposures, and optimal hedging strategies for the desk
Collaborate with model control teams to facilitate timely and efficient review and approval of all models, ensuring compliance with internal policies and industry regulations
Automate trading desk daily risk and position reports, streamlining workflows to accelerate the broader automation & digital transformation agenda across CPG
Build and enhance trade support and automation infrastructure for portfolio hedging strategies, credit curve reconciliation, and loan sale execution
Interact with other sub-teams within Markets QR to explore synergies and share best practices
Qualifications
Minimum
An advanced degree in mathematics, statistics, physics, financial engineering, computer science, or an equivalent subject
At least 4 years of experience in a quantitative research, markets, or analytics-focused role supporting a fixed income, credit, or lending desk
Hands-on experience building and deploying AI agents, machine learning or LLM based applications, with demonstrated ability to apply these technologies to financial markets or trading desk workflows.
Hands-on experience in portfolio optimization, familiar with related software and tools
Strong software design and data science skills, with Python experience
Exceptional analytical, quantitative, and problem-solving skills with an intellectual curiosity and passion for credit markets and investing.
Excellent written and verbal communication skills, with the ability to convey complex quantitative concepts to both technical and non-technical stakeholders.
Ability to work in a high-pressure, collaborative team environment with strong attention to detail and a focus on quality of deliverables
Preferred
No preferred qualifications listed.