Senior Trader, Equities
About The Position
We’re looking for a Senior Trader to join our Americas Equities team. In this role, you will partner with portfolio management teams around the efficient execution of common stock securities and derivatives transactions. Partner closely with analysts and portfolio managers to complete appropriate trades within portfolio parameters set by portfolio managers Stay abreast of general economic and financial market trends. Monitor market conditions, liquidity opportunities, pertinent news for firm’s holdings and proactively establish an ongoing dialog with portfolio managers and firm's investment staff Maximize exposure to favorable liquidity. Minimize adverse impact from order footprint. Mitigate exposure to predatory participants. Maintain anonymity in the marketplace Proactively develop, foster, and maintain professional and positive relationships with industry partners, including brokers, vendors, regulators, and industry peers to facilitate innovative and productive relationships Initiate and support a globally harmonized investment team structure with persistent communication and interaction with the other regional desks Operate with an innovative mindset to advance workflow efficiencies, improve access to liquidity, enhance reporting capabilities and technology evolution within the framework of the trading desk and the firm’s initiatives Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $752 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 13 consecutive years! Check us out at www.principalam.com!
Requirements
- 7+ years experience as an Equities Trader, (10+ highly preferred)
- Experience in trading Listed and OTC Options
- Proficiency in trading systems and platforms such as Charles River, Tradeweb, Triton, and Bloomberg
- Proficiency in all trading channels, including high-touch, algorithmic, block pools, and program trading
- Solid understanding of TCA (transaction cost analysis) and demonstrate its applications both before and after trade execution
- Experience working (executing to deliver the best price and liquidity expectations) large complex orders, which may require merging, splitting, crossing orders, leveraging multiple brokers/trading venues/trading strategies
- Working knowledge of the market dynamics of various marketplaces, including the trading dynamics of large/medium/small capitalization equities
Nice To Haves
- Experience in trading Total Return Swaps
- Investment management, hedge fund, or brokerage trading experience
- Proven ability to analyze complex trading opportunities and execute trades efficiently under market-imposed time constraints while adhering to the best execution principles
- Maintain a constant awareness of developments within markets, regulations, trading technology, and other issues relevant to the effective transaction of business
- MBA and/or CFA designation
Responsibilities
- Partner closely with analysts and portfolio managers to complete appropriate trades within portfolio parameters set by portfolio managers
- Stay abreast of general economic and financial market trends. Monitor market conditions, liquidity opportunities, pertinent news for firm’s holdings and proactively establish an ongoing dialog with portfolio managers and firm's investment staff
- Maximize exposure to favorable liquidity. Minimize adverse impact from order footprint. Mitigate exposure to predatory participants. Maintain anonymity in the marketplace
- Proactively develop, foster, and maintain professional and positive relationships with industry partners, including brokers, vendors, regulators, and industry peers to facilitate innovative and productive relationships
- Initiate and support a globally harmonized investment team structure with persistent communication and interaction with the other regional desks
- Operate with an innovative mindset to advance workflow efficiencies, improve access to liquidity, enhance reporting capabilities and technology evolution within the framework of the trading desk and the firm’s initiatives
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
