Fixed Income Trader, Agency Mortgage-Backed

Wellington Management•Boston, MA

1d•Hybrid

About The Position

THE COMPANY Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With US$1+ trillion in assets under management as of 31 December 202, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise. 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 60 traders globally, including over 43 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.

Requirements

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.
Strong interpersonal skills and experience in a collaborative, team-based, results-oriented environment
Strong academic credentials; a Bachelor’s degree is required

Nice To Haves

Programming skills, while not required, would be additive
MBA/CFA (or progress toward) would be additive.

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
Monitoring and improving efforts to enhance efficiency while mitigating risk.

Benefits

retirement plan
health and wellbeing
dental
vision
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)