Sr. Fixed Income Trader – High Yield & Investment Grade - Des Moines - job 635458

Principal Financial Group

Date: 02/22/2021

City: Des Moines, Iowa

Employment type: Full-time

Responsibilities


Principal Global Fixed Income is looking for Senior Traders for High Yield and Investment Grade.


As a Sr. Fixed Income Trader, you'll be responsible for maximizing client portfolio performance through trading, including day-to-day buying and selling of securities for portfolios/client accounts. You'll conduct research and analysis on companies/industries to maintain knowledge of relative value of assets and provide portfolio managers and analysts insights into market activity. In addition, you will also assist with the development of lesser experienced team members.


Accountabilities:



  • Direct sector accountability and ownership for building and sending trades. May also have portfolio manager responsibilities (i.e. authority in the investment decision making process/accountable for achieving investment performance results for a sleeve/sector of a broader portfolio)

  • Identify, analyze and execute relative value trades (e.g. electronic and over the counter). Determine best combination of negotiated price, size and service to buy and sell transactions within Best Execution guidelines established by portfolio managers, firm and/or client. Analyze and model trade ideas/ transactions, monitor open positions to determine what to let expire and what to exercise, and ensure trades are properly (completely/accurately) documented. Efficiently execute trade activities to ensure appropriate balance of best execution and market-imposed time constraints for each trade. Act as spokesperson in client update meetings, due diligence meetings, finals presentations with prospective clients and consultants and in internal committees.

  • Contribute to multi-sector discussion and strategy meetings. Conduct research and analysis on companies/industries to maintain knowledge of relative value of assets, aid senior analysts and portfolio managers with making informed investment decisions (e.g. provide insights into market activity) and to develop trading strategies; recommend ideas and solutions as appropriate. Evaluate and validate lesser experienced trader's work for quality and completeness, ensuring alignment with portfolio / client investment objectives.

  • Maintain knowledge of financial markets, current events, and global/U.S. economies and monitor industry and competitive environment. Proactively develop and foster positive relationships with industry contacts (e.g. Wall Sreet traders, brokers) to ensure constant flow of relevant information; utilize relationships to obtain best price, new issues allocations, research and other brokerage services.

  • Assist with the development of staff in an environment that embraces change, fosters focus, teamwork, creativity, timeliness and results that are measured and recognized.

  • Perform other job-related duties and special projects as required.


Qualifications


We're looking for someone with:



  • Bachelor's degree in a technical field (finance, accounting, economics, statistics, engineering, data science, business analytics)

  • 8+ years' work experience with fixed income strategies in a trading, research, portfolio management or strategy capacity required.

  • CFA designation and MBA preferred.

  • Familiarity with programming languages (ie/Python, MATLAB, R) preferred.

  • Deep understanding of financial accounting and economic theory, global financial markets, fixed income products and trading strategies and demonstrated experience in market cycles required

  • Ability to influence and negotiate, apply reasoning, and exhibit sound decision making related to best execution and market-imposed time constraints with each trade.

  • Strong abilities in the areas of leadership (formal or informal), communication (verbal and written), time management, analytics, and financial modeling.

  • Advanced skills with Excel and Bloomberg.

  • Collaborative, able to build and maintain strong relationships, manage expectations, attend to details, multi-task and prioritize effectively.

  • Ability to effectively and professionally communicate with, and present to, internal and external contacts and make decisions quickly and effectively in a highly competitive environment with incomplete information is critical

  • Keen sense of curiosity and open-minded thought process desired

  • This position may be subject to SEC restrictions on personal political contributions


Additional Information


Location


Our Corporate Headquarters is located in Des Moines, IA, with offices throughout the globe. We are open to remote across the country.


Work Authorization/Sponsorship


At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)


Investment Code of Ethics


For Principal Global Investors positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.


Experience Principal


While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.


Principal is an Equal Opportunity Employer


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.





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