Fixed Income Trader – High Yield
T. Rowe Price
- Baltimore, MD
- Permanent
- Full-time
- Efficiently execute leverage finance trades using platforms and dealer relationships, focusing on long-term value creation, risk-adjusted return, and portfolio enhancement. Collaborate closely with portfolio managers and analysts to ensure trading strategies complement client portfolio investment objectives, embodying a crucial role in investment decision-making.
- Use data analytics and quantitative tools for in-depth analysis of market trends and investment opportunities, adopting a strategic investor approach to boost portfolio returns and effectively manage risks. Exhibit a calculated risk-taking attitude and an opportunistic approach to liquidity sourcing and trade execution, prioritizing creative strategies that advance the portfolio’s performance.
- Establish and maintain strategic relationships with dealers, technology providers, and market platforms to secure essential market insights, liquidity options, and innovative solutions, all aimed at optimizing investment outcomes.
- Pro-technology mindset: Actively enhance our trading infrastructure, processes, and team culture by embracing innovation and promoting teamwork, ensuring every action is aligned with achieving exceptional investment results.
- Collaborate with T.Rowe Price’s investment professionals to assess market dynamics and strategies through sharing market insights with regard to trading levels, liquidity and flows
- Mentor and train junior traders
- Educational background: A Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Computer Science, or a related field. CFA certification.
- Three to five years trading experience: Demonstrable success and progression in trading roles, specifically with a focus on leveraged finance markets, including experience in managing and executing trades in leveraged loans, high-yield bonds, and credit derivatives.
- Advanced technical skills: Proficiency in using trading platforms and experience with programming languages (e.g., Python, R) for data analysis and trading strategy development.
- Strong analytical abilities: The ability to synthesize complex financial information to make informed trading decisions.
- Risk management expertise: The ability to apply a risk management framework in the context of leveraged finance trading mitigate risk and generate trading alpha.
- Strong communication skills to communicate market color and investment strategies to portfolio managers, analysts and traders
- Ability to work effectively as part of a team of portfolio managers, analysts and traders
- Excellent interpersonal and relationship building skills
- Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
- Flexible and remote work opportunities
- Health care benefits (medical, dental, vision)
- Tuition assistance
- Wellness programs (fitness reimbursement, Employee Assistance Program)