Structured Products Trader

Brown Brothers Harriman • New York, NY

7d • $120,000 - $160,000

About The Position

At BBH, Partnership is our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year BBH legacy and a shared passion for what’s next, this is the right place to build a fulfilling career. BBH is seeking an entrepreneurial professional to trade and manage structured product deal flow on behalf of BBH Credit Partners’ client portfolios. The role involves generating trade ideas and identifying investment opportunities in the structured products market. BBH’s Credit Alternatives investment unit focuses on alternative opportunities in swiftly growing segments of the credit markets, including asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs) and business development companies (BDCs). Its experienced investment team is a lead investor in all of these segments. The Credit Alternatives investment team manages over $12b AUM, which are a key constituent of BBH’s structured fixed income strategy (on behalf of dozens of SMA clients and multiple commingled funds) as well as BBH’s taxable fixed income strategies. In addition to debt investments, the team is also an active investor in difficult to source, higher return equity and residual investments that are in high demand from alternatives investors. The team is entrepreneurial in its search for value, leverages its deep relationships with hundreds of issuers and underwriters, and commits to the highest level of integrity in its analysis and investment process. BBH’s Credit Alternatives team has been a leading structured credit investor for 15+ years. BBH prides itself on its culture established over its 200+ year history, including a strong focus on work-life balance.

Requirements

• 5–10 years’ experience trading structured products securities on the buy side or sell side.
• Strong fixed income and credit product knowledge and portfolio management background.
• Proficiency in cash flow modeling and analytics for structured products investments.
• Advance proficiency in Bloomberg, Intex, and Excel.
• Detail-oriented with strong analytical capabilities.
• Excellent communication skill with and relationship management skills.
• Bachelor’s degree in a quantitative discipline preferred; advanced degree is a plus

Responsibilities

• Trade and manage structured product deal flow (ABS, CMBS, CLO, RMBS) in primary and secondary markets on behalf of BBH Credit Partners’ client portfolios
• Generate trade ideas and identify investment opportunities in the structured products market.
• Ability to act independently on trade opportunities when appropriate.
• Work with portfolio managers to construct portfolios that maximize returns while adhering to fund and client guidelines.
• Partner with credit analysts to model cash flows and identify and evaluate investment opportunities in the structured products market
• Source liquidity and investment opportunities through broker dealer and issuer relationships.
• Maintain and expand relationships with broker dealers and issuers.
• Provide timely market updates on the structured products markets to internal teams and clients.
• Coordinate with Trade Management and Risk teams to ensure best practices and compliance with regulatory requirements.

Benefits

• BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing.
• BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees