Associate Trader

Lord Abbett • Jersey City, NJ

9d • $175,000 - $200,000

About The Position

Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors. From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization. We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations. Now that you know our history, are you ready to be part of our future? Job Overview: Lord Abbett is seeking an experienced securitized products professional to join our Specialty Finance team. The ideal candidate will have at least 7 years of experience in securitized products trading, with a focus on the ABS and CLO markets. This role will involve obtaining best execution on buy and sale activity across a wide range of spread products within specialty finance, exercising sound judgement negotiating with longstanding firm counterparties, building and maintaining strong relationships and access to liquidity, and maintaining a strong awareness of our investment portfolios.

Requirements

• 7+ years of trading experience in securitized products with a deep understanding of ABS and CLO markets
• Exhibits the values of transparency, collaboration, responsibility and communication
• Ability to work in a fast-paced environment
• Ability to make quick, yet well thought out decisions
• Proficiency in Bloomberg, Kanerai, Intex, Valitana, etc.
• Proficiency in Excel, Powerpoint
• Bachelor's Degree required

Nice To Haves

• CFA or MBA is a plus

Responsibilities

• Trade Execution : Fulfill our fiduciary responsibility to strive for best execution on all transactions
• Portfolio Analysis: Produce and monitor risk and liquidity across various metrics for our specialty finance portfolios
• Market Analysis : Evaluate the current market landscape including technical market trends, fundamental market trends and notably liquidity themes
• Idea Generation : Track and articulate relative value across asset classes, sub-sectors as well as in both the primary and secondary markets
• Portfolio & Risk Management : Identify investment opportunities and recommend investment ideas to portfolio management teams
• Hedging : Familiarity with hedging products related to credit, interest rates and currency
• Counterparty Engagement : Build and maintain relationships with banks, broker-dealers, issuers and other market participants to enhance market access and trade execution
• Reporting and Documentation : Ensure that all trades are entered and logged into internal systems, support compliance and audit processes, contribute to performance attribution
• Data Innovation : Capture trade data in a systematic fashion, work with PMs, analysts and developers to enhance trading datasets

Benefits

• Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees