Senior Trader - Public Credit
Company: Genworth
Location: Stamford
Posted on: October 31, 2024
Job Description:
At Genworth, we empower families to navigate the aging journey
with confidence. We are compassionate, experienced allies for those
navigating care with guidance, products, and services that meet
families where they are. Further, we are the spouses, children,
siblings, friends, and neighbors of those that need care-and we
bring those experiences with us to work in serving our millions of
policyholders each day. We apply that same compassion and empathy
as we work with each other and our local communities. Genworth
values all perspectives, characteristics, and experiences so that
employees can bring their full, authentic selves to work to help
each other and our company succeed. We celebrate our diversity and
understand that being intentional about inclusion is the only way
to create a sense of belonging for all associates. We also invest
in the vitality of our local communities through grants from the
Genworth Foundation, event sponsorships, and employee volunteerism.
Our four values guide our strategy, our decisions, and our
interactions:
- Make it human. We care about the people that make up our
customers, colleagues, and communities.
- Make it about others. We do what's best for our customers and
collaborate to drive progress.
- Make it happen. We work with intention toward a common purpose
and forge ways forward together.
- Make it better. We create fulfilling purpose-driven careers by
learning from the world and each other. POSITION TITLESenior
Trader, Public CreditPOSITION LOCATIONStamford, CT (hybrid work
schedule)YOUR ROLEThe Senior Trader for Public Credit is a highly
visible position who is directly responsible for executing public
asset transactions for the portfolio. You will support the Head of
Corporate Credit and Public Markets in implementing the investment
strategy and driving the evaluation and selection of investment
opportunities that align with the portfolio's strategic asset
allocation. As a member of the Trading team, the role is expected
to focus primarily on Investment Grade Corporate Credit. Additional
sector responsibilities could include Structured Credit (ABS, CMBS,
RMBS), Municipal Credit or High Yield Corporates. The successful
candidate will partner closely with other Traders, Credit PMs,
Credit Research, Portfolio and Risk Management to accomplish key
portfolio objectives and implement tactical strategies for your
assigned asset class(es). You will be responsible for collaborating
across these teams to develop recommendations and execute on
security selection decisions. The Trading team has high visibility
across Genworth, and you will be expected to generate trade ideas
in a relative value context, execute trades, monitor and opine on
markets and follow macroeconomic trends. Preferred candidates
should demonstrate a very strong understanding of how insurance
company assets are invested to meet policyholder obligations and be
able to support and influence initiatives across not only public
credit but also Investments.What you will be doing
- Trade both new issue and secondary bonds as well as portfolio
trades
- Recommend relative value ideas and other tactical strategies
for existing positions and new investments
- Present your views and discuss markets in our morning market
discussions and various other meetings
- Keep a pulse on broad market movements, the economy and asset
class trends to maintain educated opinions on relative value,
credit trends and market outlook
- Foster strong relationships with dealer counterparties and
other industry participants and work to maintain and improve
Genworth's standing with external partners
- Support additional asset class trading responsibilities
including back-up for other traders
- Train and mentor Trading and Investments team members
- Adhere to risk, compliance and accounting policies and
procedures
- Ability to do some potential travel to Richmond, VA and
Raleigh, NCWhat you bring
- Bachelor's degree
- Minimum 3 years of experience working in a trading role,
preferably in an asset management organization
- Self-starter, with excellent organizational skills and proven
ability to work independently
- Very strong bond valuation framework
- Ability to build relationships with internal partners,
including analysts, credit portfolio managers, portfolio managers,
risk managers and others
- Have confidence to remain calm when challenged and ability to
stand up to pressure, while exhibiting credibility to influence
others while engaged in debate to provide practical solutions, a
balance of assertiveness and discretion
- Must be able to stay ahead in a constantly changing environment
to include market activity, business direction and priorities
- Exercise integrity and sound business judgment
- Strong problem-solving skills and leadership traits to assist
with the daily operation of an organization
- Ability to prioritize multiple tasks and accurately complete
them in a fast-paced, changing environment
- Excellent written / verbal communications skills and the
ability to present effectively to leadership at the skip level
- Strong functional capability with Bloomberg and Microsoft
Office (Excel, Word, PowerPoint, Outlook)Nice to have
- MBA or equivalent degree
- CFA or other advanced certification
- Experience trading two or more asset classes
- Experience working with analytical tools such as Aladdin,
Python and/or Power BI
- Portfolio trading experienceEmployee Benefits &
Well-BeingGenworth employees make a difference in people's lives
every day. We're committed to making a difference in our employees'
lives.
- Competitive Compensation & Total Rewards Incentives
- Comprehensive Healthcare Coverage
- Multiple 401(k) Savings Plan Options
- Auto Enrollment in Employer-Directed Retirement Account Feature
(100% employer-funded!)
- Generous Paid Time Off - Including 12 Paid Holidays, Volunteer
Time Off and Paid Family Leave
- Disability, Life, and Long Term Care Insurance
- Tuition Reimbursement, Student Loan Repayment and Training &
Certification Support
- Wellness support including gym membership reimbursement and
Employee Assistance Program resources (work/life support, financial
& legal management)
- Caregiver and Mental Health Support ServicesADDITIONAL
- At this time, Genworth will not sponsor a new applicant for
employment authorization for this position. For the State of New
York: The base salary pay range for this role starts at a minimum
rate of $112,900 up to the maximum of $214,600. In addition to your
base salary, you will also be eligible to participate in an
incentive plan. The incentive plan is based on performance and the
target earning opportunity is 60% of your base compensation. The
final determination on base pay for this position will be based on
multiple factors at the time of this job posting including but not
limited to geographic location, experience, and qualifications to
ensure pay equity within the organization.
Keywords: Genworth, Stamford , Senior Trader - Public Credit, Accounting, Auditing , Stamford, Connecticut
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