Fixed Income Trader, Agency Mortgage-Backed

Wellington Management • Boston, MA

5d • Hybrid

About 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 and MBA/CFA (or progress toward) would be additive.

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

• 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.
• 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).
• We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees