Trade Associate - Fixed Income
About The Position
Tidal is seeking a highly skilled Trading Associate to support the implementation and day-to-day management of multiple ETF portfolios, with a particular emphasis on fixed income trading, cash positioning, and collateral management. The ETF Portfolio Management team provides portfolio management and execution services for ETF issuers across active and index-based strategies covering major global asset classes. This hands-on role spans the full trade lifecycle, including execution support, trade allocation, settlement, reconciliation, cash forecasting, collateral monitoring, fund rebalances, new fund launches, and custom in-kind baskets. The ideal candidate brings meaningful fixed income trading experience, strong analytical and operational judgment, and proficiency with Bloomberg or comparable institutional trading platforms.
Requirements
- Bachelor's degree in business, finance, economics, a quantitative discipline, or equivalent relevant experience.
- At least 3 years of experience in institutional trading, portfolio operations, treasury, or cash management, including demonstrated fixed income trading experience.
- Institutional or registered investment adviser trading experience.
- Proficiency with Bloomberg or a comparable institutional trading platform.
- Strong understanding of financial markets, trading strategies, trade settlement, reconciliation, and collateral processes.
- Advanced proficiency in Microsoft Excel and working knowledge of the Microsoft Office suite.
- Strong analytical, communication, and complex problem-solving skills.
- Ability to manage deadlines, maintain attention to detail, and perform effectively in a fast-paced environment.
Nice To Haves
- Experience with trading platforms, order management systems, and post-trade processing.
- Knowledge of cash forecasting, reconciliation, margin, and collateral-management processes.
- Experience working for a firm that manages investment companies registered under the Investment Company Act of 1940.
- Familiarity with regulatory requirements related to trading activities.
- Proximity to Chicago or Omaha preferred
Responsibilities
- Assist traders with executing and managing fixed income and equity transactions, with a strong emphasis on fixed income markets.
- Use Bloomberg, order management systems, and other institutional platforms to support efficient trade execution and portfolio oversight.
- Support portfolio rebalances, new fund launches, and custom in-kind baskets, with the expectation of independently managing these responsibilities over time.
- Work closely with prime brokers, market makers, custodians, and other counterparties to support best execution and improve fund efficiency.
- Monitor market trends, economic developments, portfolio positioning, and performance relative to fund objectives and direct competitors.
- Build strong working relationships with internal teams and external stakeholders, and perform additional duties as assigned.
- Perform daily trading operations, including trade allocation, settlement monitoring, and reconciliation across fixed income and equity activity.
- Prepare and distribute daily cash position reports for assigned ETF portfolios.
- Monitor inflows and outflows, investigate exceptions or variances, and communicate cash movements to internal and external stakeholders.
- Track account balances and forecast liquidity needs to maintain appropriate cash and collateral coverage.
- Coordinate collateral and margin activity with counterparties and support the timely movement or return of excess cash and collateral.
- Use Bloomberg and counterparty portals to gather information, investigate breaks, and resolve discrepancies.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
