VP, Credit Trader

About Bracebridge Capital

Bracebridge Capital is an alternative investment manager overseeing about $12 billion in net assets. Since 1994, the firm has focused mainly on global fixed income strategies aimed at preserving capital and generating absolute returns with limited correlation to equity, interest rate, and foreign exchange markets. The company manages private investment funds for endowments, foundations, pension funds, and other institutional as well as high-net-worth investors.

The firm has around 160 employees based in its Boston office in Back Bay. Its culture is entrepreneurial, collaborative, and centered on motivated people who are dedicated, enthusiastic, and intellectually curious.

Role Overview

This position is for an experienced credit trader with a strong focus on relative value opportunities in high yield, stressed, distressed, and opportunistic credit. The role partners closely with portfolio managers to execute trades, track asset performance, identify outside ideas, and support senior investment leaders with analytics, screening, and liquidity insights.

Key Responsibilities

• Execute trades across high-yield bonds, leveraged loans, distressed and par credit instruments, credit derivatives, and both common and reorganized equity.
• Carry out mandates with a focus on execution quality and best execution standards.
• Build and preserve strong counterparty relationships while interacting daily with sales, trading, and syndicate teams.
• Generate investment themes and trade ideas using both fundamental analysis and relative value assessment.
• Create and maintain screening frameworks that help surface opportunities, monitor markets, and inform investment decisions.
• Partner with investment, research, legal, operations, and technology colleagues to support smooth implementation of strategies across the firm.

Qualifications

• At least 5 to 7 years of relevant trading experience, including hands-on work with high-yield bonds, leveraged loans, stressed credit, related derivatives, and equity on both the long and short side.
• Background on the buy side is preferred.
• Strong ability in quantitative analysis, problem solving, and communication.
• A practical, intellectually curious, and highly driven approach to work.
• Comfort operating in a fast-moving, high-pressure environment.
• Strong presentation skills and the ability to communicate analysis effectively to senior investment professionals.

Compensation

The expected annual base salary for this role is between $200,000 and $250,000. Final pay within that range will depend on experience, skills, and qualifications.