Trader, Fixed Income

Job description

We exist to help people achieve financial clarity.

At Thrivent, we believe money is a tool, not a goal.

Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.



At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients.

We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.

Job Summary

Under the direction of Senior Traders and the Director of Fixed Income Trading, executes purchases and sales of fixed income securities that are authorized by portfolio managers.

Securities will primarily be investment grade corporates, but would also include U.S. government and agency securities, high-yield corporates, leveraged loans, emerging market debt, preferred securities, and index derivatives.

Add value to the investment process by effectively engaging with Traders, Portfolio Managers and Analysts.





Job Responsibilities and Duties

+ Under the direction of Senior Traders and the Director of Fixed Income Trading, execute purchases and sales of fixed income securities that are authorized by portfolio managers.



+ Provide direct trading support to Senior Traders, the Director of Fixed Income Trading, and the overall trading desk operation (some support work will be administrative).



+ Assist in the management of the primary market new issue process, including issue information, price guidance, order processing, allocation and ticketing.



+ Execute electronic orders on various fixed income trading platforms including but not limited to Blackrock Solution’s Alladin OMS, Bloomberg, MarketAxess, and TradeWeb.



+ Confirm and coordinate trade executions with brokers and Thrivent Operations/Settlements teams as needed.



+ Assist trading desk with the development of trade ideas and monitoring of both executed and open orders.



+ Deliver on ad hoc requests from traders, portfolio managers, and analysts.



+ Help identify, work to innovate, and improve processes within the trading environment to reduce operational risk, improve efficiency, and automate where possible.



+ Work closely with Portfolio Compliance (addressing alerts and restrictions).



+ Generate commission reports and assist in monitoring budgets.



+ Assist in the preparation of transaction cost analyses.




Job Qualifications


Required:

+ Master of Business Administration, Finance or other advanced degree in a relevant field with at least 1 year work experience in securities analysis, an applied securities analysis program or the equivalent; or a 4-year degree with an emphasis in finance, business or other relevant subject area with at least 3 years experience in institutional investment trading, operations or other relevant role.



+ Strong written, verbal, and interpersonal skills.



+ Proficiency with Blackrock Solution’s Alladin OMS, Bloomberg, and Excel; some experience with other electronic trading platforms desirable.



+ Rigorous attention to detail, proactive, organized, and efficient.



+ Consistently demonstrates an ability to think quickly, logically, and apply good judgment.



+ Ability to multi-task and manage conflicting priorities effectively in a dynamic market environment.



+ A natural sense of curiosity and the drive necessary to self-educate utilizing the role’s access to information and resources.




Preferred:

+ CFA designation or demonstrated progress towards completion is desirable.




Additional Information

+ This position requires you to work on-site in Minneapolis, MN a minimum of 5 days a week.







Pay Transparency

Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose.

We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent.

The applicable salary or hourly wage range for this full-time role is $107,125.00 - $144,933.00 per year, which factors in various geographic regions.

The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.

Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives.

That extends to our benefits.

The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits.

Eligibility for receipt of these benefits is subject to the applicable plan/policy documents.

Thrivent’s plans/policies are subject to change at any time at Thrivent’s discretion.


Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex , gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state , or federal law.

This policy applies to all employees and job applicants.




Thrivent is committed to providing reasonable accommodation to individuals with disabilities.

If you need a reasonable accommodation , please let us know by sending an email to human.resources@thrivent.com or call 800-847-4836 and request Human Resources.





At Thrivent, we believe money is a tool, not a goal.

Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.

At our heart, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our customers.

We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.


For over 100 years, Thrivent has been helping people build their financial futures and live more generous lives.

Today, it’s a Fortune 500 company that offers a full range of expert financial solutions, serving more than 2 million customers, as well as the communities in which they live and work.


Thrivent fosters a diverse workforce to serve our diverse clientele, reflecting a wide range of backgrounds and experiences.

If you’re intrigued about our work and the possibility of becoming part of it, we invite you to visit Thrivent.com to learn more.

You won’t just build a career; you’ll be part of an organization focused on growing, innovating, and serving.

Required Skill Profession

Other General