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Cross Asset Electronic Trader

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Closing date
Feb 21, 2024

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Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us

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.

About the Role

We are seeking to hire a trader to join our Cross Asset Electronic Trading (XAET) team who will be responsible for leveraging a variety of protocols to systematically trade multiple asset classes in a fast-paced and dynamic environment. In addition to executing trades, the candidate will be responsible for monitoring market movements and trends, developing and testing trading strategies, changes in market structure and reporting on performance and risk metrics. The candidate will work closely with other Traders, Portfolio Managers, Data, and Technology teams to ensure optimal trade execution and risk management. The candidate should have a passion for financial markets, market structure, and a desire to evolve and improve our trading operations.

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 approximately 60 traders globally across all markets. 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 research and analytics team who provide in-depth, action-oriented insights into our trading capabilities and activities.

RESPONSIBILITIES
• Executing transactions, using primarily electronic trading protocols, for all relevant accounts under management and 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, Research Analysts, and Strategists
• Gathering, analyzing, and disseminating curated market, sector, and security information and trade ideas that lead to actionable investment opportunities.
• Developing and maintaining expertise on market structure: liquidity landscape, electronic trading, industry and regulatory developments, and technology-based solutions.
• Establishing deep relationships with trading counterparties
• Identifying opportunities to increase efficiencies, optimize market access, and mitigate risk.
• Collaborating with stakeholders across the Global Trading department including other Traders, Trade Coordinators, Trading Research and Analytics, and Trading Technology

QUALIFICATIONS
A successful candidate should have the following qualifications:

• Prior experience in systematic trading using electronic protocols; Knowledge of various trading platforms and tools is a plus
• Versatility is critical: ability and willingness to learn and trade instruments across the entire team's remit
• Excellent analytical, quantitative and problem-solving skills, detail oriented and ability to multi-task in a fast paced, dynamic environment
• Proactive in learning about market structure evolution, industry solutions, and pursuing new opportunities to improve execution outcomes and/or trading workflows
• Project management and strong organizational skills, with the ability to drive projects from inception to completion
• Solid work ethic and a growth mindset, continuously investing in personal development
• Strong interpersonal and communication skills with experience working in a highly collaborative, team-based, and results-oriented environment
• Impeccable integrity, fiduciary mindset, and ability to consistently place the interests of our clients as the number one priority
• Technical mindset with experience in programming languages such as Python or R or C++, constructing and analyzing SQL/database queries is preferred
• Academic credentials: a bachelor's degree is required and additional business, financial, or technology degrees and skills (MBA, CFA, CAIA) would be highly 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 GMWTalentOperations@wellington.com .

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 80,000 - 180,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

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