Advice: Operations to S&T
Hi y’all,
Any tips/advice/anecdotes on moving from an operations/trade support into S&T ? (covered muni’s, CLO structuring and may be making a jump to supporting a central funding desk)
The obvious answers, network, gain recognition and create strong social/working relationships with the desk, be on the trading floor, leverage experience for series 7, 63 licenses. Learning VBA and python on the side for my interest I’m sure there’s a few others I’m missing. Has anyone personally made this jump and have any insight ?
Thanks for your time
Trade Support -> Trading def happens on the buyside. I did it myself and know plenty of others who have as well. It is a harder move at a bank (esp larger ones) as you arent sitting together and interacting on a daily basis. Still happens though.
Not sure what you you mean about CLO structuring in your OP as that is a separate role from trading.
thanks for your response.
CLO structuring, as in the FO team I’m currently supporting is involved with warehousing loans and building a CLO to be priced.
I’m looking to get back into the action of supporting traders (preferably fixed income securities) where the volume is a bit higher and more fast paced.
Could you go into your experience/transition ? when you say buyside, I assume AM and funds ?
Ok gotcha. Was a little confused with your op.
Interestingly, im the junior guy on a loan desk. Part of my responsibility is modeling out our CLO portfolios. Pricing, running metrics, suggesting changes based on that info.
But the biggest thing I'd be focusing on is moving from ops->TA, rather than a lateral from ops to ops. There are always positings, just make sure they will eventually let you trade. Research peoples linkends who had that job. Where they went. If they traded while they were in the seat. Dont wanna just do ops sht with a dif title
I have some ideas of how you could go from operations to capital markets (loan syndication / loan capital markets / leveraged capital markets). any interest there?
Also moving fro loan ops-> CLO analyst is a solid move
Loan syndication and Leveraged capital markets sound fun. If you’ve got more input on it. I’d be glad to hear about it
send me your email and we can discuss. the beauty of this space is to learn and build the skillset to do the job responsibilities, or add to the resume (doing REAL exercises, not just reading in broad terms about the typical day)--all the information is public to do so. People just don't widely know it exists.
the easier transition is trading system IT --> trading
so, focus on programming skills and then get an IT job in the trading technology groups. 2 years in trading IT and you can make an easier transition to actual trading. I've seen this many many times. In fact tech (trading pricing engine) --> trading --> citadel is a common path
interestingly enough I’ve seen a IT/tech member move into a junior trading role when I was covering a Fixed Income desk at a BB. Not sure how commonplace that route is but definitely a possibility. Time to ramp up the python learning :DD
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