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Macro Credit Sr. Quant Researcher / Sub-PM - PR/346963_1761313362

Macro Credit Sr. Quant Researcher / Sub-PM

New York
USD200000 - USD250000
PR/346963_1761313362
Macro Credit Sr. Quant Researcher / Sub-PM
Job Title: Macro Credit Sr. Quant Researcher / SubPM
Location: New York, NY
Team: Systematic Macro Credit Pod
Firm: Leading Macro Hedge Fund
Experience Level: 5-15 Years
Role Overview:
We are seeking a Senior Quantitative Researcher / Sub-Portfolio Manager to join PM Pod on systematic macro credit strategies. The ideal candidate will have deep experience in credit indices (e.g., CDX, iTraxx, credit ETFs) and associated hedging instruments, with a strong track record of alpha generation and a robust research pipeline. This is an end-to-end role where the candidate will be responsible for the entire investment lifecycle from data acquisition and signal research to portfolio construction and execution. The team operates with a high degree of autonomy.
The team is led by a Portfolio Manager with a strong track record in macro credit, having spent the past nine years with major multi-strategy platforms where he ran large, systematic macro books. He recently joined the new platform to rebuild and evolve his strategies, and has already hired two team members, now seeking a senior hire to help expand the buildout across credit index trading.
Key Responsibilities:
  • Strategy Development: Design and implement systematic strategies across macro credit instruments, including CDX, iTraxx, credit ETFs, and related derivatives.
  • Alpha Research: Conduct original research using quantitative, statistical, and machine learning techniques. Existing alphas are in place, but new contributions are highly valued.
  • Portfolio Management: Construct and manage risk-aware portfolios with typical holding periods ranging from 5 to 25 days.
  • Data Infrastructure: Build and maintain robust data pipelines and backtesting environments to support scalable research and execution.
  • Cross-Asset Collaboration: Work alongside team members covering IR swaps and TBAs to identify cross-market opportunities and manage correlated risks.
  • Risk & Execution: Partner with internal teams to ensure strategies are executed efficiently and within defined risk parameters.
Ideal Candidate Profiles:
  1. Quantitative Alpha Research experience in macro credit or credit indices (CDX, iTraxx, credit ETFs).
  2. Market Microstructure Expertise in macro credit or credit index instruments.
  3. Market Making Experience in macro credit or credit indices.
Additional Qualifications:
  • 5-15 years of experience in a hedge fund, asset manager, proprietary trading firm, or investment bank credit market making desk
  • Strong programming proficiency (Python preferred), with experience in data analysis, modeling, and backtesting.
  • Entrepreneurial mindset and ability to operate in a lean, high-performance environment.
  • Candidates with existing alpha signals or a well-developed research pipeline will be prioritized.

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