Financial / Covered Bonds Trader (all genders)
Erste Group was founded in 1819 as the first Austrian savings bank and is today one of the largest stock-listed banking groups in Central Europe. As an attractive employer, Erste Group offers interesting career opportunities in an international environment.
Credit Trading is a highly successful international team of experienced traders, based in Vienna, focused on market making and proprietary trading in corporate, financial, covered, and retail bonds in both hard currencies and local CEE markets, but also Western European ones. The team provides liquidity and pricing in a wide range of credit products and supports the Group's strategic goals by fostering capital market development and deepening investor relationships across the region.
Your Responsibilities
- Price and execute trades across a broad range of credit products, currencies, and maturities while maintaining competitive client pricing.
- Manage trading risk dynamically using cash bonds, CDS, interest rate derivatives, and other relevant hedging instruments.
- Generate trading ideas based on macroeconomic developments, relative value opportunities, technical market factors, and issuer fundamentals.
- Build and maintain strong relationships with Sales, Origination, Research, Treasury, and institutional clients to support the bank's credit franchise.
- Contribute to the development of trading strategies, pricing methodologies, automation initiatives, and quantitative tools that improve trading efficiency.
- Monitor market developments, regulatory changes, and investor flows to identify opportunities and manage risks proactively.
You
- Have at least 2 years experience in credit trading, fixed income markets, or a closely related capital markets role.
- Possess a strong understanding of credit products, bond market microstructure, relative value analysis, and market risk management.
- Have a proven ability to manage trading positions and make sound risk-taking decisions in a fast-paced market environment.
- Demonstrate strong analytical and quantitative skills. A master's degree in Finance, Economics, Mathematics, Physics, Engineering, or a related discipline is an advantage.
- Are proficient in Excel and Bloomberg. Experience with Python, R, VBA, SQL, AI agents or other programming languages used in trading and analytics is considered a plus.
- Are intellectually curious, commercially minded, and thrive under pressure while making well-reasoned decisions.
- Communicate fluently in English. German and/or CEE language is a clear advantage.
Our Offer
- Opportunity to join the leading credit trading franchise in the CEE region, within an international and highly collaborative team.
- High level of responsibility and the opportunity to actively shape trading strategies and the continued growth of the franchise.
- Professional development through continuous learning and exposure to a broad range of credit markets.
- Competitive, performance-oriented compensation package aligned with experience and contribution.
- Modern workplace with numerous social benefits and a strong commitment to work-life balance.
- Inclusive culture where diversity of backgrounds, perspectives, and ideas is valued.
- Annual gross base remuneration of approximately EUR 60,000 on a full-time basis. The final offer will be based on qualifications and experience, and a higher remuneration is possible.
Contact
Barbara Mateju
Vollzeit
Risikomanagement
€ 4.285