Junior Fixed Income Trader

Calamos Asset Management, Inc.•Naperville, IL

44d•$85,000 - $110,000

About The Position

The Junior Fixed Income Trader is responsible for minimizing trading costs and maximizing execution to enhance client performance. This role supports fixed income trading operations within a collaborative team of experienced investment professionals, with a focus on best execution in a fast paced trading environment. Additional responsibilities include disseminating market color, managing corporate actions and contributing to market research and commentary.

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 (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

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

Benefits

Calamos offers a comprehensive benefits package, including health and welfare benefits (medical, dental, vision, flexible spending accounts, and employer-paid short and long-term disability), as well as retirement benefits (401(k) and profit sharing), paid time off, paid parental leave, and other wellness benefits.

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