Fixed Income Trade Associate

Thornburg Investment Management, Inc.•Santa Fe, NM

58d

About The Position

Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, and multi-asset solutions. As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg's world-class investment platform and team are aligned on strategy to serve investors. Job Summary The Fixed Income Trade Associate will work primarily with a Portfolio Manager to ensure all mutual funds, UCITs and other assigned accounts have the necessary daily liquidity to meet their cash needs. The associate will work with fund accounting and utilize various systems such as Bloomberg to monitor these needs. This individual will then invest any remaining cash in money market instruments such as commercial paper and U.S. Treasury bills, among others. The associate will ensure all investments meet regulatory and client investment guidelines.

Requirements

2 + years of full time, professional work experience.
Bachelor's Degree - required.
Ability and willingness to work an early schedule, typically starting around 4am to align with market activity and account liquidity needs.
Proficiency in Excel.
Passion for financial markets.
Strong attention to detail and communication skills.
Proactive and creative thinker.
Trustworthy, humble, self-starter.

Nice To Haves

CFA or progress toward - preferred.

Responsibilities

Monitor assigned accounts to ensure there is sufficient cash to meet daily liquidity needs.
Buy and sell money market instruments such as commercial paper and U.S. Treasury bills.
Assess relative value across various money market instruments to provide an attractive return that is consistent with capital preservation on cash in accounts while also ensuring those accounts will have liquidity as needed.
Ensure all money market investments adhere to regulatory and client-specific rules.
Maintain the list of issuers approved by a Portfolio Manager for credit investments such as commercial paper.
Monitor issuers on the approved list for fundamental credit changes and make recommendations to the Portfolio Manager for changes to the list.
Collaborate with Fund Accounting, Settlements, Operations, and other departments, as needed.

Benefits

Medical, dental, and vision coverage.
Employer 401(k) safe harbor and profit-sharing contributions.
Work/life programs such as flexible work arrangements, flexible paid time off, paid parental leave, employee assistance plan, commuter benefits, student loan repayment program, education reimbursement program.
Community involvement opportunities.
Onsite cafeteria.
Onsite fitness center.
Referral program.

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