About the role

We are seeking an experienced Credit Trader with a focus on synthetic credit derivatives, particularly Credit Default Swaps (CDS) and Credit-Linked Notes (CLNs). The ideal candidate will have a proven track record in trading single-name and index CDS, as well as experience in structuring or trading CLNs. A strong understanding of credit markets is essential. Experience in bond trading-especially in a market-making or brokerage setting-is a significant plus. This role involves managing risk, sourcing and executing trades, and providing market intelligence to internal and external stakeholders. The ability to thrive in a fast-paced, high-pressure environment is critical. Experience in other asset classes is also a strong plus.

At Leonteq, we are a leading player in the financial industry, renowned for our innovative approaches, our commitment to excellence and our entrepreneurial spirit. Our organisational values people together, passion, dedication, quality and expertise are our guiding north star.

What you'll do

• Execute and manage trading positions in credit derivatives, with a primary focus on CDS (both single-name and index)
• Source and manage liquidity across CDS markets, maintaining a strong presence with counterparties and clients
• Monitor and interpret macroeconomic indicators, credit events, and issuer-specific developments to inform trading decisions
• Collaborate with sales and structuring teams to identify and execute trading opportunities and deliver tailored solutions to clients
• Provide real-time market colour, pricing, and trade ideas to both clients and internal stakeholders
• Proactively manage risk and optimize P&L through strategic hedging and inventory management
• Ensure all trading activities comply with internal risk policies and external regulatory requirements
• (Optional): Support bond execution and contribute to corporate bond trading efforts where needed

What you'll need

• 5+ years of experience in credit trading, with a strong emphasis on CDS and other credit derivatives
• Deep understanding of credit markets, including derivative structures and risk frameworks
• Experience with trading systems and platforms such as Bloomberg, Tradeweb, or equivalent
• Strong quantitative and analytical skills; proficiency in Excel required (VBA and/or Python is a plus)
• Excellent communication and interpersonal skills, with the ability to convey market insights clearly
• High level of initiative, attention to detail, and ability to make swift, sound trading decisions under pressure
• Bachelor's degree in Finance, Economics, Mathematics, or a related field