BNY Mellon
Boston, USA
10 Jun 2021
16 Jun 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Overview: Alcentra is one of BNY Mellon Investment Management's specialists, and they focus their skills on the sub-investment grade debt capital markets in Europe and the U.S. Their objective is to deliver strong, risk-adjusted returns that are less correlated, through a complementary suite of traditional and alternative credit strategies. In pursuing this objective, their investment strategy and approach to credit selection are based on intensive fundamental research and credit analysis, combined with active portfolio management to minimize credit losses. Alcentra is part of BNY Mellon Investment Management, one of the world's largest investment managers. BNY Mellon Investment Management: At BNY Mellon Investment Management, we believe the right results begin with being relevant to every client, whether it is engaging with them to create solutions, offering diversified strategies or providing insights for better-informed decisions. That is why we designed a model built around investors' needs to offer the best of both worlds: world-class investment firms with best-of-breed talent and unique cultures combined with the global scale and strength of BNY Mellon Investment Management. We connect investors with opportunities across every major asset class, globally. Today, we have eight investment firms, one of which is Alcentra. We believe this is how investing should be and we are looking for talent to help us deliver on our promise. About the Role The trader is the primary information conduit between the firm, its portfolio managers and analysts and the Street. They play a material role in the overall investment process, bridging the firm's investment team with external market participants for the purpose of generating excellent returns across funds, SMAs, and CLOs. Among the various roles, they build relationships with broker salespeople, traders, and capital markets; manage the loan trade blotter, including buy and sale trades across primary and secondary markets; manage the new issue calendar and optimizes primary market allocations though strong order management; actively participate in credit discussions and proactively generate and communicate trade ideas based on absolute and/or relative value. Responsibilities The Trader is responsible for executing orders in US broadly syndicated bank loans across multiple strategies including CLOs, mutual funds, separately managed and commingled institutional accounts, and multi credit portfolios. The successful candidate should have extensive buyside experience trading syndicated loans, a robust understanding of CLO mechanics, meticulous attention to detail, ability to multi-task in a fast-paced environment, strong verbal and written communication skills, and unimpeachable integrity are essential. The successful candidate should be comfortable trading high yield corporates, ETFs and derivatives. They must be a team player and work collaboratively with multiple constituents. Knowledge of Allvue's Everest platform is beneficial though not required. The loan must work collaboratively across multiple internal teams including Operations, Compliance, Risk, and other investment teams and be comfortable meeting with and presenting to existing and prospective clients, particularly CLO investors Our expectation is that people will bring the following to Alcentra: The successful candidate will be a problem solver. Dynamic, resourceful and responsive with the highest standards and professionalism. Alcentra has a culture that values new thinking. The successful candidate will focus on the financial outcomes that matter to our clients. Collaboration, Creativity and Commitment are 3 core values at Alcentra that the successful candidate will identify with. Qualifications Qualifications: Bachelor s degree or the equivalent combination of education and experience is required. MBA and/or CFA preferred. 10 years or more of total work experience preferred and 5- 8 years of investment experience preferred. Strong financial acumen BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums. Primary Location: United States-Massachusetts-Boston Internal Jobcode: 80028 Job: Trading Organization: Alcentra Group-HR13364 Requisition Number: 2110555
  • You need to sign in to save