Associate Trader, Agency Mortgages - Lord Abbett.com
Jersey City, NJ 07302
About the Job
About Lord Abbett:
Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.
From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.
We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.
Now that you know our history, are you ready to be part of our future?
Our Agency Mortgage Team is in search of an experienced and highly-motivated trader to model and trade a suite of Agency MBS securities including TBA, Specified pools, and CMOs. In addition, the associate trader will help monitor and analyze the Agency Mortgage Backed Securities (MBS) market, and recommend strategies for best execution across Fixed Income Strategies. The role sits within our portfolio management team, helping to manage the daily activity arising from flows, rebalancing, and changes to market views. The role provides an opportunity to interact across multiple investment teams and collaborate with client and corporate services in a highly flat and dynamic organization.
We’ll trust you to::- Work closely with Portfolio Managers to understand portfolio views, themes, objectives
- Optimally trade mortgage derivatives (TBAs in particular) and specified pools to generate alpha while reducing transaction costs
- Utilize a deep understanding of market technicals to ensure best execution and enhance our portfolio construction
- Independently analyze market dynamics and individual securities
- Clearly articulate views and trade ideas through verbal and written communications
- Adhere to all client guidelines and preferences, interacting regularly with our PM teams and client experience professionals
- Develop strong relationships across Investments, Client Services, and Corporate Services
- 2-4 years of experience in a trading role, buy-side experience preferred but not required
- In-depth knowledge of Agency MBS products and markets
- Experience working in a fast paced, results-driven environment
- Strong data analysis and quantitative skills
- Ability to effectively communicate and collaborate in a team-oriented culture
- Bachelor’s degree or equivalent; Masters and/or CFA designation is viewed positively but not required
Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.
- Principles-Led - We empower our leaders to create an environment of trust.
- Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
- Purpose-Driven - We instill a passion for always putting our clients' interests first.
We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.
Compensation Information: Annual base salary for this role is $120,000-$140,000. Salary is estimated for this role. Actual pay may be different.
Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.
Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett
Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.
Important notice to Search Firms - Please Read Carefully
Without prior written agreement, Lord Abbett does not accept unsolicited submissions from employment agencies, search firms, placement services, or any similar provider (“Search Firms”) for employment opportunities. All candidates submitted by Search Firms to any employee or partner at our company without a written Search Firm agreement in place will be deemed the sole property of our company. In such circumstances, no fee, commission, or other compensation will be paid to such Search Firm in the event a candidate is hired by our company. To the extent a Search Firm has a written agreement in place, all introductions are position specific and should be directed to HR or the hiring manager, so we kindly request no unsolicited phone calls or emails.