Trader (North America)

Baillie Gifford • New York, NY

3d • $175,000 - $225,000

About The Position

The Trading team executes orders on the instructions of the investment teams. Across the life cycle of a trade, they ensure client assets are protected by enhancing performance and mitigating operating risk. We are seeking an experienced Trader with five+ years’ US equity and ETF experience who combines technical excellence with outstanding relationship-building skills and an entrepreneurial mindset. This role will report to the Head of Trading and work closely with the Director, ETF Capital Markets. The ideal candidate will have a strong understanding of equity and ETF market structure, execution strategies, and risk management, with additional exposure to fixed income markets. This role requires a disciplined, detail-oriented professional, with a change mindset, who can collaborate effectively with internal stakeholders across all departments of the firm.

Requirements

• Bachelor’s degree or equivalent combination of education and relevant professional experience
• 5+ years of trading experience, with a focus on U.S. Equities and ETF’s
• Experience trading across different liquidity environments, including large-cap, mid-cap, and small-cap securities
• Strong understanding of equity market structure, order types, algorithmic strategies, and execution analytics.
• Knowledge of fixed income (investment grade, high yield, or rates) and FX trading preferred but not required
• Strong understanding of risk management principles and portfolio construction considerations.
• Demonstrated ability to operate effectively in volatile and fast-moving markets
• Proficiency with trading systems, EMS/OMS platforms, and Bloomberg

Nice To Haves

• Knowledge of fixed income (investment grade, high yield, or rates) and FX trading

Responsibilities

• Trading of cash instruments and derivatives, putting the interests of our clients first
• Challenge existing processes and preconceptions and put forward new ways of doing things. Keep a keen interest in the development of our trading systems
• Support and contribute to the long-term strategic vision for the firm’s trading function
• Undertake continued personal development to meet the Trading teams’ CPD program. Proactively mentor and train others
• Deliver the best execution and ensure that the Investor’s underlying objectives are implemented in a cost-effective and timely manner
• Develop and maintain strong communication channels with Investors and other internal stakeholders to ensure an appropriate two-way flow of information
• Keep Investors up to date with the progress of orders and aware of market information that might inform their broader view of liquidity conditions
• Maintain close links with trading counterparts to facilitate a high standard of execution and good market communication
• Take responsibility for all aspects of risk management, ensuring the trading desk continually meets the highest regulatory standards. Escalate and help manage any trading related incidents to protect our clients and the business.
• Maintain up-to-date dealing procedures and adhere to industry and in-house regulations and standards to ensure compliance with regulations
• Be data literate. Actively engage in the review of trading analytics, including liquidity analysis and challenge the status quo
• Build and maintain trusted relationships with brokers, counterparties, market participants, and internal investment teams
• Act as a proactive partner to investors and colleagues, identifying opportunities to improve execution, workflows, and communication
• Take ownership of initiatives beyond core trading responsibilities that help strengthen the North American trading function
• Contribute to a collaborative, entrepreneurial team culture where continuous improvement and innovation are encouraged

Benefits

• annual discretionary bonus
• comprehensive employer-paid benefits package including medical, dental, vision, short- and long-term disability coverage, 401(k) plan and paid time off

What This Job Offers

• Job Type: Full-time
• Career Level: Senior