Algorithmic Credit Trader (Quantitative Credit Trading)

Location: Boadilla del Monte/Madrid, Spain; hybrid working model with remote and onsite days.

Company

hirify.global is a global banking group whose Corporate & Investment Banking division provides wholesale products and customized services to corporate and institutional clients.

What you will do

• Design and maintain proprietary databases and data infrastructure for systematic credit trading.
• Develop and enhance algorithmic strategies across cash bonds, CDS, indices, ETFs, and other credit products.
• Build and manage an independent two-sided market-making and trading book across developed and emerging credit markets.
• Develop quantitative models, pricing engines, risk frameworks, portfolio analytics, liquidity tools, and execution capabilities.
• Monitor execution quality, transaction costs, P&L attribution, exposures, and capital deployment.
• Collaborate with technology, quantitative research, data science, risk, brokers, venues, and liquidity providers while supporting market access and regulatory compliance.

Requirements

• At least 10 years of experience in algorithmic trading in EUR credit.
• Advanced degree in Quantitative Finance, Mathematics, Statistics, Physics, Engineering, Computer Science, or a related quantitative discipline.
• Strong systematic, algorithmic, or electronic trading experience, preferably in credit markets.
• Deep knowledge of fixed-income and credit products, including cash bonds, CDS, credit indices, ETFs, and portfolio trading solutions.
• Experience developing quantitative models and factor-based investment or trading strategies.
• Strong Python programming skills and experience with large datasets, database architectures, and market data APIs.
• Knowledge of statistical modeling, machine learning, and financial market microstructure.
• Experience building pricing engines, risk management systems, and trading analytics platforms.
• Experience managing complex credit risk portfolios, market-making books, and hedging credit products across developed and emerging markets.
• English is required.

Nice to have

• Experience building end-to-end quantitative trading platforms and systematic trading infrastructure.
• Knowledge of cloud-based data and computing environments.
• Experience with electronic market-making, automated execution, and liquidity provision strategies.
• Experience with Bloomberg Terminal, Bloomberg Data License, TOMS, KDB, Grafana, MarketAxess, Tradeweb, or similar trading technologies and venues.
• Knowledge of ETF primary-market processes, creation/redemption workflows, and authorized participant activities.
• Strong communication and cross-functional collaboration skills.

Culture & Benefits

• Innovation-focused environment with collaboration, flexible hours, and a hybrid working model.
• Global career opportunities and broad career paths.
• Competitive salary with performance-based bonuses.
• Learning platforms, including access to hirify.global Open Academy.
• Benefits include preferential banking terms, life insurance, wellness support, childcare and family programmes, advisory services, medical support, meal subsidy, parking, shuttle service, and discounts.

Hiring process

• Apply through the hirify.global application process.