Fixed Income Trader

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Posted
03 Jun 2022
Closes
02 Jul 2022
Ref
15211362
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
WELLINGTON MANAGEMENT

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.

THE POSITION
We are seeking to hire a Fixed Income Trader to execute orders from portfolio managers and analysts across our Agency MBS book of business, including TBA, specified pools, CMOs and Agency derivatives. Candidate should be willing to help-out across our other structured products sectors. Located in Boston, this position requires a high level of direct interaction and collaboration with portfolio managers, research analysts and brokers to formulate trading strategies, communicate market information and developments, and facilitate trades.

Wellington Management's trading philosophy and practices are based on the principles of seeking best execution, contributing to portfolio alpha, and managing regulatory, operational, liquidity and investment risks. We seek to execute orders in a manner consistent with these principles and in accordance with our written policies, which emphasize the fair dissemination, aggregation and allocation of investment opportunities across our investment platform and ultimately our clients.

Wellington Management's Trading Department employs over 55 traders globally, including over 30 Fixed Income traders, and operates in specialized teams according to sectors and products. Our investment and trading activities are conducted on an industry-leading internally developed software platform, which we believe creates a meaningful competitive advantage. We are also supported by an in-house team of managers and quantitative and business analysts, who oversee the "business" of the department and provide in-depth, action-oriented insights into our trading capabilities and activities.

RESPONSIBILITIES
  • Executing orders in a manner consistent with our best execution and risk management practices, as well as our policies and procedures;
  • Developing and enhancing over time an in-depth understanding of the investment philosophies and strategies of the portfolio managers, strategists, and analysts we serve;
  • Gathering, analyzing, and disseminating market and security information that identifies or creates actionable investment opportunities;
  • Soliciting potential trade interest from portfolio managers and locating external supply/identifying internal demand for liquidity opportunities in the market;
  • Remaining informed of new product developments;
  • Fostering new trading relationships and leveraging existing relationships; and
  • Monitoring and improving efforts to enhance efficiency while mitigating risk.
QUALIFICATIONS
A successful candidate should have the following qualifications:
  • A minimum of 3-5 years of experience trading Agency MBS experience. Experience trading a wide array of instruments within MBS universe and overview of structured products would be welcome.
  • Ability to work quickly and accurately in a fast-paced, dynamic environment;
  • Strong organizational and communication skills;
  • Strong work ethic and attention to detail; a precision and risk management mindset that results in accurate and compliant work and manifests itself in double-checking work, stopping to question anything unusual, and frequent reconciliation of work throughout the day;
  • Strong analytical skills and an ability to apply those skills in a highly practical fashion;
  • An attitude and practice of proactive idea generation and continuous review and improvement of our processes;
  • Impeccable integrity, fiduciary mindset, and ability to consistently place the interests of our clients as the number one priority;
  • A pro-technology mindset and the ability to leverage technology to improve effectiveness and efficiency. Programming skills, while not required, would be additive;
  • Strong interpersonal skills and experience in a collaborative, team-based, results-oriented environment; and
  • Strong academic credentials; a Bachelor's degree is required and MBA/CFA (or progress toward) would be additive.
Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .

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