US Macro Trader

Wellington Management•Boston, MA

3d•Onsite

About The Position

THE POSITION We are seeking to hire a Macro Trader to focus on execution of orders from portfolio managers across our global book of business with an emphasis on Foreign Exchange (FX), Global Rates or Commodities. This is an execution role, but there is significant opportunity and expectation to add value to client portfolios through collaboration with portfolio managers and analysts. The Trader will work collaboratively with our global trading teams located in Boston, London, and Hong Kong. Wellington Management's trading philosophy and practices are based on the principles of seeking best execution, contributing to portfolio alpha, and managing regulatory, operational, liquidity and investment risks. We seek to execute orders in a manner consistent with these principles and in accordance with our written policies, which emphasize the fair dissemination, aggregation, and allocation of investment opportunities across our investment platform and ultimately our clients. Wellington Management’s Trading Department employs over 60 traders globally, including more than 20 Macro Traders focused on Global Rates, FX, Emerging Market Debt and Repo. Our investment and trading activities are conducted on an industry-leading internally developed technology platform, which we believe creates a meaningful competitive advantage. We are also supported by an in-house team of managers and quantitative and business analysts, who oversee the “business” of the department and provide in-depth, action-oriented insights into our trading capabilities and activities.

Requirements

Superior trade execution skills – The Trader will execute orders in a manner consistent with our best execution and risk management practices, as well as our policies and procedures. The ideal candidate will employ a mixture of both high- and low-touch execution methods for all relevant accounts under management. In addition, the Trader will gather, analyze, and disseminate pertinent market, sector and instrument related information that identifies actionable investment opportunities. Over time, the successful candidate will develop an in-depth understanding of the various investment philosophies of our portfolio management teams in order to add to the investment dialogue of the team. Monitoring and improving efforts to enhance efficiency while mitigating risk is critical.
Superior collaboration skills – The successful candidate will enjoy being an individual contributor within a highly collaborative team and embrace the benefits of overlapping lines of responsibility. The Trader will build strong trusting relationships externally with counterparties and other market participants as well as internally with portfolio managers, strategists, analysts, and other traders. Through their relationships, the ideal candidate will solicit potential trade interest from portfolio managers internally and locate external supply. The ability to take risk and challenge investment views is critical, as is the humility to admit mistakes and a desire to learn from others; the Trader must recognize the benefits of diverse perspectives. The ability to communicate (both verbally and in writing) action-oriented opinions clearly and with conviction and contribute to an open investment dialogue is important.
Growth mindset – The flexibility and openness to continue learning, evolving, and growing as a trader is required. The successful candidate will have a global perspective and creative approach for thinking about innovation and the evolution of investment products and market structures.
Minimum of 2 years' relevant experience trading currency, rates or commodity markets.
Strong academic credentials: an undergraduate degree is required
Strong analytical skills and an ability to apply those skills in a highly practical fashion.
A pro-technology mindset and the ability to leverage technology to improve effectiveness and efficiency.
A self-starter attitude and ability to proactively identify, review and lead efforts to improve our processes.
Impeccable integrity, fiduciary mindset, and ability to consistently place the interests of our clients as the number one priority.
Strong work ethic.
Ability to work quickly and accurately in a fast-paced, dynamic environment; and
A precision and risk management mindset that results in accurate and compliant work and manifests itself in double-checking work, stopping to question anything unusual, and frequent reconciliation of work throughout the day.

Nice To Haves

Experience trading a wide array of instruments would be additive.
CFA/Masters degree would be viewed favorably.
Working knowledge of programming languages (SQL, Python, R, MATLAB, etc.) and data analysis/visualization tools (Tableau, Qlik, etc.) in a financial markets' context would be additive.

Benefits

retirement plan
health and wellbeing
dental
vision
pharmacy coverage
health savings account
flexible spending accounts and commuter program
employee assistance program
life and disability insurance
adoption assistance
back-up childcare
tuition/CFA reimbursement
paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)