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Fixed Income Trader- Leveraged Loans

Employer
T. Rowe Price
Location
Philadelphia, Pennsylvania (US)
Salary
negotiable
Closing date
May 8, 2021

View more

Job Function
Other
Industry Sector
Asset Management
Employment Type
Full Time
Education
Masters

Job Details

Primary Accountabilities:

 

  • Develop and maintain close relationships with arrangers of leveraged finance and secondary market makers. Leverage these relationships to source, monitor and trade trading opportunities in both primary and secondary markets.
  • Monitor daily new issue calendar and communicate trade ideas, market color and other relevant information to portfolio managers, understanding the unique investment objectives of each TRPIM investment strategy.  
  • Build and maintain strong internal relationships with portfolio managers, analysts and trading team colleagues, as well as other key departments that are critical to the trading and settlement process for leveraged loans, including Legal & Compliance and Global Investment Operations (e.g., Pricing and Trade Support).
  • Continuously monitor borrower activity for leveraged loans held in portfolio, including amendments, waivers, defaults and restructurings and coordinate with portfolio managers and investment analysts to assess investment impact.
  • Promote workflow efficiency, best execution, and partner with Global Technology to aggregate market data to enhance market intelligence and communication.

 

 

 

 

Qualifications:

 

 

 

Required:

 

  • Bachelor’s degree  
  • Will sit in the Philadelphia HY office
  • 5+ years of prior leveraged loan trading experience (buy-side or sell-side)
  • Established relationships with traders and/or capital markets teams at the major loan underwriters (JPM, CITI, BOA, CS, DB)
  • Working knowledge of company financials and relative value analysis
  • Understands the difference between par loan settlement and distressed doc settlement
  • Risk-taking mindset and ability to negotiate effectively with broker/dealers
  • Self-starter with ability to multi-task with precision under pressure
  • Attention to detail and high integrity

 

 

Preferred:

 

  • Bachelor’s degree in Finance or Accounting or quantitative major
  • MBA, MA or CFA (or in progress)
  • Experience in Credit Markets specifically below investment grade instruments
  • Working knowledge of Charles River, Wall Street Office and/or ClearPar
  • Experience settling loans

 

 

Desirable:

 

  • Collaborative – sharing of ideas and looking to provide solutions to issues facing the team
  • Intellectual curiosity – skilled at sourcing information, and sharing insights that assist with investment idea generation
  • Strong interpersonal skills – ability to express views/concepts and present information in a clear and concise manner
  • Proactive and accountable – take initiative to meet client objectives, strong work ethic and decision-making skills. Proactively look to increase knowledge and skills
  • Client focused - trading effort is geared to achieve best client outcome
  • Investor/risk-taking mindset – strong interest in fixed income markets

Company

T. Rowe Price, headquartered in Baltimore, Maryland, is an investment management firm offering individuals and institutions around the world investment management guidance and expertise. The T. Rowe Price investment approach strives to achieve superior performance but is always mindful of the risks incurred relative to the potential rewards. Our consistent investment philosophy helps mitigate unfavorable changes and takes advantage of favorable ones. We provide our clients with world-class investment guidance as well as attentive service. Founded in 1937 by Thomas Rowe Price, Jr., the company offers separately managed investment portfolios for institutions and a broad range of mutual funds for individual investors and corporate retirement programs. In founding his firm, Mr. Price followed a very simple business principle: What is good for the client is also good for the firm. Rather than charge a commission, as was then the practice in the securities business, Mr. Price charged a fee based on the assets under management. If the client prospered, so did T. Rowe Price. Mr. Price is best known for developing the growth stock style of investing. Although he was trained as a chemist, he had a passion for investing. Mr. Price believed that investors could earn superior returns by investing in well-managed companies in fertile fields whose earnings and dividends could be expected to grow faster than inflation and the overall economy. The core of Mr. Price’s approach, proprietary research to guide investment selection and diversification to reduce risk, has remained part of the firm’s bedrock principles. Today, growth stock investing is one of the many investment styles the firm currently follows. T. Rowe Price also employs value-oriented, sector-focused, tax-efficient, and quantitative index-oriented approaches in managing mutual funds and institutional portfolios.

Company info
Telephone
410-345-4816
Location
100 East Pratt Street
Baltimore
MD
21202
US

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