Structured credit trading
I recently learned about an analyst opportunity on a structured credit trading team. From what I understand, the desk works across bonds/loans, credit & FX/rates derivatives, structured notes, structured financing, and some illiquid/SPV products.
For those familiar with these types of desks:
* Is it primarily trading/risk management or more structuring/origination?
* What are the best exit opportunities (HF, private credit, flow trading, etc.)?
* What are the biggest pros and cons of starting your career in structured credit trading role vs a typical market making seat?
* How’s this space performed recently, and thoughts on future?
Lastly, a bit worried that the analyst work might be much more of legal documentation and modeling and less exposure to risk management.
Any info on this space is greatly appreciated.