Junior Fixed Income Trader

Calamos Investments•Naperville, IL

46d

About The Position

Execute trades in corporate bonds, bank loans, municipal bonds, securitized products, US government securities, and preferreds while ensuring compliance with best execution and portfolio guidelines Maintain and expand relationships with brokers and serve as liaison to the dealer community to facilitate trade execution Utilize electronic trading venues (MarketAxess, Trumid, Tradeweb, Liquidnet, Bloomberg, etc) to facilitate best execution Disseminate relevant market information to portfolio managers and analysts Respond promptly to corporate actions (bond tenders, exchanges, calls, documentation changes) Conduct fixed income market research focusing on relative value analysis, sector and industry trends, and contribute to trade idea generation Monitor open positions, track market movements and economic indicators, maintain accurate trade documentation, and monitor new issue markets Help draft market commentaries on weekly, monthly, and quarterly basis and prepare charts/analyses for client presentations Work directly with portfolio managers and analysts to understand client needs and assist in trading oversight of separately managed accounts Identify opportunities to streamline trading workflows, enhance analytical reporting tools, and serve as representative to committees as needed 2-4 years experience in fixed income markets, credit analysis, trading, or related investment management roles with corporate bond trading/research experience strongly preferred Bachelor's degree in Finance, Economics, Business Administration, or related field (CFA designation or progress toward CFA is a plus) Series 7 and Series 63 licenses preferred (or ability to obtain within specified timeframe) Strong understanding of fixed income products and pricing mechanics, excellent quantitative and analytical skills with attention to detail, proven ability to work effectively under pressure in fast-paced environments, strong written/verbal communication skills for market commentary and client materials, demonstrated proficiency in fixed income market and economic research, knowledge of securities markets and forces that drive these markets Bloomberg Terminal (advanced proficiency), Microsoft Excel (highly advanced including macros and financial modeling), Microsoft Office Suite, trading system software skills required Experience with Charles River OMS or similar OMS. Additionally, experience with Python or similar coding languages for automation skill preferred Must be eligible to work in the United States without sponsorship Strong ethical standards and commitment to fiduciary responsibility Ability to work well in team environment and serve as representative to committees as needed Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Requirements

2-4 years experience in fixed income markets, credit analysis, trading, or related investment management roles with corporate bond trading/research experience strongly preferred
Bachelor's degree in Finance, Economics, Business Administration, or related field
Strong understanding of fixed income products and pricing mechanics
Excellent quantitative and analytical skills with attention to detail
Proven ability to work effectively under pressure in fast-paced environments
Strong written/verbal communication skills for market commentary and client materials
Demonstrated proficiency in fixed income market and economic research
Knowledge of securities markets and forces that drive these markets
Bloomberg Terminal (advanced proficiency), Microsoft Excel (highly advanced including macros and financial modeling), Microsoft Office Suite, trading system software skills required
Must be eligible to work in the United States without sponsorship
Strong ethical standards and commitment to fiduciary responsibility
Ability to work well in team environment and serve as representative to committees as needed

Nice To Haves

CFA designation or progress toward CFA is a plus
Series 7 and Series 63 licenses preferred (or ability to obtain within specified timeframe)
Experience with Charles River OMS or similar OMS
Experience with Python or similar coding languages for automation skill preferred

Responsibilities

Execute trades in corporate bonds, bank loans, municipal bonds, securitized products, US government securities, and preferreds while ensuring compliance with best execution and portfolio guidelines
Maintain and expand relationships with brokers and serve as liaison to the dealer community to facilitate trade execution
Utilize electronic trading venues (MarketAxess, Trumid, Tradeweb, Liquidnet, Bloomberg, etc) to facilitate best execution
Disseminate relevant market information to portfolio managers and analysts
Respond promptly to corporate actions (bond tenders, exchanges, calls, documentation changes)
Conduct fixed income market research focusing on relative value analysis, sector and industry trends, and contribute to trade idea generation
Monitor open positions, track market movements and economic indicators, maintain accurate trade documentation, and monitor new issue markets
Help draft market commentaries on weekly, monthly, and quarterly basis and prepare charts/analyses for client presentations
Work directly with portfolio managers and analysts to understand client needs and assist in trading oversight of separately managed accounts
Identify opportunities to streamline trading workflows, enhance analytical reporting tools, and serve as representative to committees as needed