Structured Product Bond Trader

Ameriprise Financial Services, LLC•Minneapolis, MN

9d•$115,000 - $140,000•Hybrid

About The Position

Responsible, under direct supervision, for executing trades of structured product fixed income securities as authorized by Portfolio Managers with the primary focus being Agency Mortgages and CLOs.

Requirements

2-7 years’ experience with structured product securities, preferably in agency mortgages or CLOs for a buy-side firm.
Strong problem-solving skills, analytical framework and computer skills with demonstrated proficiency in Microsoft Excel, macro implementation and Bloomberg.
Rigorous attention to details and good time-management/multi-tasking skills required.
Comfortable interacting with and taking directions from senior investment professionals.
Inquisitive mind interested in all aspects of the fixed income markets.
Self-motivated team player with strong verbal communication skills.
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Nice To Haves

Proficiency with Blackrock Solution's Aladdin OMS.
Undergraduate degree in Finance, Math, Physics or related field

Responsibilities

Collaborate and build relationships with Portfolio Managers, Research Analysts and Traders to build credibility and trust as a partner in the overall investment process.
Provide market-related insight that helps Portfolio Managers identify relative value opportunities.
Participate in Portfolio Management and Research team round tables as the representative of the trading function to provide market trends and environment from a trading perspective.
Contribute to the global trading team with market insight, trends and technicals.
Develop and maintain data base to track secondary trading levels, dealer bid/offering levels, and cover bids.
Point of contact with street counterparties – aggregating axes, collecting and disseminating market color, and executing trades.
Assist with ad hoc reporting as requested by PM/traders.
Will be expected to learn various client guidelines and restrictions and utilize pre-trade compliance checks.
Interact with senior traders, research partners and other internal constituents on a regular basis.
Participate in morning calls, daily/weekly market updates and strategy meetings.
Interact as a seamless interface between the team and various internal firm constituencies.