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Convertible Bond Trader Jobs (NOW HIRING)

Point72

Trader/Quant Analyst

Stamford, NY

Identify relative value opportunities between convertible bonds, the underlying equity, and credit derivatives. * Execute trades in convertible securities, related equities, and hedges in alignment ...

Point72

Trader/Quant Analyst

Stamford, NY · On-site

Identify relative value opportunities between convertible bonds, the underlying equity, and credit derivatives. * Execute trades in convertible securities, related equities, and hedges in alignment ...

Verition Group LLC

Credit Analyst

Greenwich, CT · On-site

... convertible bond investments. This role is designed for individuals with a strong academic ... Partner with trading, compliance, and operations teams to ensure seamless execution. * Develop and ...

Verition Group LLC

Credit Analyst

Greenwich, CT · On-site

... convertible bond investments. This role is designed for individuals with a strong academic ... Partner with trading, compliance, and operations teams to ensure seamless execution. * Develop and ...

Schonfeld

Risk Manager

New York, NY · On-site

$175K - $275K/yr

Conduct comprehensive risk assessments for convertible bonds to identify potential risks and ... Work closely with cross-functional teams, including trading and portfolio management, to integrate ...

Schonfeld

Risk Manager

New York, NY

$175K - $275K/yr

Conduct comprehensive risk assessments for convertible bonds to identify potential risks and ... Work closely with cross-functional teams, including trading and portfolio management, to integrate ...

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Convertible Bond Trader information

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$79K

How much do convertible bond trader jobs pay per year?

As of Jun 13, 2026, the average yearly pay for convertible bond trader in the United States is $64,999.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,500.00 and $72,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Convertible Bond Trader position, and why are they important?

To thrive as a Convertible Bond Trader, you need strong analytical skills, a deep understanding of fixed income and equity markets, and typically a relevant degree in finance, economics, or a quantitative field. Familiarity with trading platforms such as Bloomberg, proficiency in Excel or programming languages like Python, and certifications like CFA can be advantageous. Excellent communication, decision-making under pressure, and strong teamwork skills help you effectively manage trades and client relationships. These competencies are essential for identifying market opportunities, managing risk, and delivering value in the fast-paced world of convertible bond trading.

What are the typical daily responsibilities of a Convertible Bond Trader?

Convertible Bond Traders are responsible for analyzing market trends, executing trades, and managing risk within their portfolio of convertible securities. A typical day often involves monitoring market news, pricing bonds and related derivatives, liaising with sales teams and clients, and adjusting trading strategies in response to market movements. Collaboration with research analysts and risk managers is common to ensure informed decision-making. Traders must also regularly provide market insights and performance reports to management. This role is fast-paced and requires the ability to respond quickly to shifting market conditions.

What does a Convertible Bond Trader do?

A Convertible Bond Trader buys and sells convertible bonds, which are hybrid securities that can be exchanged for a company's stock. They analyze market conditions, pricing inefficiencies, and risks to capitalize on trading opportunities. Their role involves managing positions, hedging risks, and leveraging arbitrage strategies to maximize returns. Traders often work closely with research analysts and sales teams to interpret financial data and execute trades efficiently.

More about Convertible Bond Trader jobs
What cities are hiring for Convertible Bond Trader jobs? Cities with the most Convertible Bond Trader job openings:
What states have the most Convertible Bond Trader jobs? States with the most job openings for Convertible Bond Trader jobs include:
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Convertible Bond Trader jobs near you
Infographic showing various Convertible Bond Trader job openings in the United States as of June 2026, with employment types broken down into 70% Full Time, 10% Part Time, and 20% Contract. Highlights an 80% In-person, and 20% Hybrid job distribution, with an average salary of $64,999 per year, or $31.2 per hour.

Associate or Director, Convertible Trader

CIBC

New York, NY • On-site

$150K - $225K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
What You'll Be Doing
We are seeking a diligent, thorough, and motivated Convertible Bond Trader to join our Equity Derivative Trading team at CIBC. The ideal candidate will demonstrate a strong interest in financial markets and possess a desire to develop skills in trading, risk management, and market analysis. This role offers an excellent opportunity to learn from experienced traders and contribute to the continued success of our trading desk.
How You'll Succeed
  • Execute convertible bond and convertible preferred trades.
  • Work closely with middle-office and back-office teams to ensure accurate and timely trade execution, settlement, and reconciliation.
  • Assist in the pricing and execution of convertible-related call spreads and structured notes.
  • Monitor and analyze market conditions, including equity, credit, and interest rate movements, to identify trading opportunities.
  • Stay updated on macroeconomic trends, regulatory changes, and market developments that may impact convertible bond markets.
  • Monitor and manage risk exposure within the convertible bond portfolio.
  • Collaborate with the risk management team to ensure adherence to trading strategies and risk parameters.
  • Support sales teams in maintaining relationships with institutional clients, including hedge funds, asset managers, and proprietary trading firms.
  • Provide clients with market insights, trade ideas, and pricing information.
  • Work effectively within CIBC's corporate governance practices and policies-including Risk Management, Finance, Human Resources, Legal, and Compliance-to ensure compliance with CIBC's Governance and Control Framework and regulatory requirements.

Who You Are
  • Expert knowledge of trading and products
  • Good macro-economic understanding of the relevant economies
  • Degree educated, with at least 5 - 10 years' experience in desk's specific area of Trading.
  • Strong knowledge of financial markets, credit and market risk in order to effectively structure trades and to evaluate risk.
  • Strong interpersonal and impact and influence skills in order to capitalize on business opportunities.
  • Demonstrated commitment to client satisfaction.
  • In-depth understanding of governance and regulatory requirements
  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

#LI-TA
Conduct and Risk Culture
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership's identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
  • Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
  • At all times acting in accordance with our Purpose and shared values, to achieve our Bank's strategic goals
  • Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
  • Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
  • Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC's policies, frameworks, guidelines, processes and controls, and where applicable, assist in the resolution of same
  • Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
  • Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC's reputation as a leading financial institution

California residents - your privacy rights regarding your actual or prospective employment
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000-$225,000 for the New York, NY market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions
What you need to know
  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location
NY-300 Madison Ave., 5th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Client Consultations, Financial Markets, Financial Modeling, Global Market, Investments, Legal Practices, Market Trading, Researching, Risk Culture

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