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Manager Convertible Bonds Jobs (NOW HIRING)

Schonfeld

Risk Manager

New York, NY · On-site

$175K - $275K/yr

Conduct comprehensive risk assessments for convertible bonds to identify potential risks and develop mitigation strategies. * Risk Management: Develop and implement risk management frameworks and ...

Point72

Trader/Quant Analyst

Stamford, NY

Manage existing positions proactively, assessing changes in valuation, liquidity, and market sentiment. * Conduct in-depth quant data analysis on the convertible bond universe, including historical ...

Schonfeld

Risk Manager

New York, NY · On-site

$175K - $275K/yr

Conduct comprehensive risk assessments for convertible bonds to identify potential risks and develop mitigation strategies. * Risk Management: Develop and implement risk management frameworks and ...

Point72

Trader/Quant Analyst

Stamford, NY · On-site

Manage existing positions proactively, assessing changes in valuation, liquidity, and market sentiment. * Conduct in-depth quant data analysis on the convertible bond universe, including historical ...

Premium Technology

C/C++ Developer

New York, NY

$53.50 - $72.25/hr

... convertible bonds, equity derivatives, risk/valuation systems, and market data (volatility, swap ... managers to translate and understand product specifications accurately - Project management ...

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All JobsManager Convertible Bonds Jobs

Manager Convertible Bonds information

See salary details

$26.5K

$77.9K

$136K

How much do manager convertible bonds jobs pay per year?

As of Jun 11, 2026, the average yearly pay for manager convertible bonds in the United States is $77,935.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,000.00 and $89,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Manager Convertible Bonds, and why are they important?

To excel as a Manager Convertible Bonds, you need a strong background in finance, quantitative analysis, and in-depth knowledge of fixed income and equity markets, typically supported by a degree in finance or related fields. Familiarity with financial modeling tools, Bloomberg Terminal, and relevant certifications such as CFA are commonly required. Excellent analytical thinking, strong communication, and decision-making skills help you navigate complex investment scenarios and lead teams effectively. These skills are crucial for successfully managing convertible bond portfolios, mitigating risks, and delivering consistent returns for clients.

What are some common challenges faced by a Manager Convertible Bonds, and how can they be effectively addressed?

A Manager Convertible Bonds often navigates complex market dynamics, including fluctuating interest rates and equity market volatility, which can impact the valuation and risk profile of convertible bond portfolios. Staying updated on both credit and equity market trends is essential, as is employing robust risk management tools to hedge exposures. Close collaboration with research analysts, traders, and portfolio managers is key to making informed investment decisions and responding quickly to market shifts. Developing strong analytical skills and maintaining open communication within the team can help effectively address these challenges.

What is the difference between Manager Convertible Bonds vs Bond Analyst?

AspectManager Convertible BondsBond Analyst
CredentialsFinance degree, certifications like CFA often preferredFinance or related degree, CFA beneficial
Work EnvironmentTeam management, strategic decision-makingResearch, analysis, reporting
Employer & IndustryInvestment firms, banks, asset managementFinancial institutions, investment firms

While both roles require finance knowledge and certifications like CFA, a Manager Convertible Bonds oversees bond portfolios and manages teams, focusing on strategy. A Bond Analyst conducts detailed research and analysis of bonds, providing recommendations. The Manager role is more strategic and managerial, whereas the Bond Analyst is more analytical and research-focused.

More about Manager Convertible Bonds jobs
What cities are hiring for Manager Convertible Bonds jobs? Cities with the most Manager Convertible Bonds job openings:
What are the most commonly searched types of Convertible Bonds jobs? The most popular types of Convertible Bonds jobs are:
What states have the most Manager Convertible Bonds jobs? States with the most job openings for Manager Convertible Bonds jobs include:
What job categories do people searching Manager Convertible Bonds jobs look for? The top searched job categories for Manager Convertible Bonds jobs are:
Manager Convertible Bonds jobs near you
Infographic showing various Manager Convertible Bonds job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 90% Physical, 2% Hybrid, and 8% Remote job distribution, with an average salary of $77,935 per year, or $37.5 per hour.

Risk Manager, Convertible Bond

Millennium Management LLC

New York, NY • On-site

$160K - $250K/yr

Full-time

Posted 21 days ago

Millennium Management rating

7.7

Company rating: 7.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

Risk Manager, Convertible Bond
The Firm seeks a Risk Manager to join its Risk Management team in New York. The successful candidate will oversee the independent risk management of convertible bond portfolios in the United States, Europe, and Asia.
Primary responsibilities include:
  • Own independent risk oversight: Oversee global convertible bond portfolios, with a clear view of exposures across delta, gamma, vega, credit spread, rates, borrow, financing, liquidity, and correlation.
  • Analyze P&L and risk: Analyze risk drivers, P&L attribution, hedging efficiency, scenario behavior, and tail outcomes.
  • Develop and oversee risk guidelines: Establish guidelines for portfolio construction, concentration, liquidity, gap risk, financing, and drawdown. Ensure mandates are defined, scalable, and consistently observed.
  • Review trade and portfolio construction: Review positions with close attention to bond terms, embedded optionality, capital structure, stock borrow, dividends, corporate actions, financing assumptions, and event risk. Assess both directional and relative-value risk.
  • Review portfolio risk: Work closely with portfolio managers to assess positions where risk may be mispriced, crowded, imperfectly hedged, or less aligned with mandate, liquidity, or market regime.
  • Evaluate portfolio manager candidates: Assess prospective Portfolio Manager candidates by testing the strength of their process, risk discipline, hedging approach, portfolio construction, and historical returns.
  • Improve risk infrastructure: Enhance the Firm's models, systems, and reporting for convertible bond risk. Work with quantitative researchers and technologists to improve valuation, stress testing, exposure decomposition, and real-time reporting.
  • Communicate with precision: Present key exposures, stress results, and changes in market structure clearly to senior leadership and investment teams.
  • Monitor global market developments: Track issuance, liquidity, market structure, and regional differences in the U.S., Europe, and Asia that may affect risk-taking and portfolio construction.

Required Qualifications & Skills
Experience
  • At least eight years of experience in risk management, trading, structuring, or desk strategy, with significant exposure to convertible bonds, equity-linked products, or relative-value strategies.
  • Deep knowledge of convertible bonds and their key risk drivers, including equity sensitivity, credit spread risk, volatility, rates, dividend assumptions, borrow cost, financing, and liquidity.
  • Strong understanding of how convertible bonds interact with related instruments, including cash equities, listed and OTC equity derivatives, corporate bonds, CDS, and capital-structure hedges.
  • Demonstrated ability to oversee day-to-day portfolio risk while leading complex strategic projects.
  • Experience in trading, structuring, or portfolio construction is highly desirable, though this is a dedicated risk management role.
  • Experience across U.S., European, and Asian convertible markets is strongly preferred.

Skills & Knowledge
  • Quantitative and programming skills: Strong quantitative and programming skills, including Python and SQL, for data analysis, model development, and automation.
  • Valuation and risk modeling: Strong understanding of derivative pricing, asset pricing, financial econometrics, and risk techniques relevant to convertible bonds and equity-linked products.
  • Market judgment: Sound judgment in assessing portfolio risk under normal and stressed conditions, including gap risk, short squeezes, credit events, volatility shocks, and liquidity deterioration.
  • Communication: Excellent written and verbal communication skills, with the ability to build effective relationships with portfolio managers, traders, quantitative researchers, and senior stakeholders.

Education
  • A degree in a quantitative discipline, such as Finance, Economics, Engineering, Mathematics, or Computer Science.
  • A graduate degree is strongly preferred.

The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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