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Convertible Bond Trader Jobs (NOW HIRING)

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 ...

... sales & trading, and asset management. Our Equity Capital Markets team plays a pivotal role in ... Offerings, Convertible Bonds, Equity Derivatives). * Develop and maintain relationships with ...

Working closely with trading desks and infrastructure teams to optimize the financing and ... convertible corporate bonds * Helping to form our long-term financing strategy by improving and ...

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Convertible Bond Trader information

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$49.5K

$65K

$79K

How much do convertible bond trader jobs pay per year?

As of Jun 14, 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:
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.

$175K - $275K/yr

Other

Posted 3 days ago


Job description

The Role

We are seeking an exceptionally skilled Risk Manager to serve as a key member of our DMFI Credit team based in New York City. We are looking for someone with 5-10 years of experience in risk management, specifically within convertible bonds. A successful candidate will help to oversee risk assessments, develop risk management strategies, and ensure effective risk monitoring and reporting.

What you'll do

Key responsibilities will include:

  • Risk Assessment: Conduct comprehensive risk assessments for convertible bonds to identify potential risks and develop mitigation strategies.
  • Risk Management: Develop and implement risk management frameworks and strategies to manage and mitigate risks associated with credit products.
  • Monitoring and Reporting: Monitor risk exposures and market conditions, providing regular reports and updates to senior management and stakeholders.
  • Collaboration: Work closely with cross-functional teams, including trading and portfolio management, to integrate risk management practices into business operations.
  • Data Analysis: Utilize quantitative and qualitative data analysis to support risk management decisions and strategy development.

What you'll bring
What you need:

  • Experience: 5-10 years of experience in risk management, with a focus on convertible bonds.
  • Technical Skills: Strong analytical skills and proficiency in risk management tools and software, with expertise in Python (preferred, not necessary).
  • Industry Knowledge: In-depth knowledge of the convertibles market.
  • Communication: Excellent communication and interpersonal skills, with the ability to present complex information clearly and concisely.
  • Education: Bachelor's degree in Finance, Economics, or a related field; advanced degree or professional certification (e.g., CFA, FRM) is a plus.

Who we are  
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

Our Culture
At Schonfeld, we'll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas-at all levels-to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm's walls.

The base pay for this role is expected to be between $175,000 and $275,000. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.

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