Trader, Securitized Credit

Trader, Securitized Credit Jersey City, NJ Job Details $175,000 - $225,000 a year 1 day ago Benefits Health insurance Retirement plan Qualifications Master's degree in business administration Presentation software Market analysis Mortgage-Backed Securities (MBS) Bloomberg Bachelor's degree Decision making Hedging strategy Portfolio management Senior level Master of Business Administration Chartered Financial Analyst Technical Proficiency Negotiation Stakeholder relationship building Sourcing investee opportunities 10 years

Full Job Description The Role:

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?

Job Overview:

Lord Abbett is seeking an experienced securitized products professional to join our Securitized Credit team. The ideal candidate will have at least 10 years of experience in securitized products trading, with a focus on the CLO, CMBS and / or RMBS markets. This role will involve obtaining best execution on buy and sale activity across a wide range of spread products within securitized, exercising sound judgement negotiating with longstanding firm counterparties, building and maintaining strong relationships and access to liquidity, and maintaining a strong awareness of our investment portfolios. We'll trust you to::

Trade Execution :

Fulfill our fiduciary responsibility to strive for best execution on all transactions

Portfolio Analysis:

Produce and monitor risk and liquidity across various metrics for our specialty finance portfolios

Market Analysis :

Evaluate the current market landscape including technical market trends, fundamental market trends and notably liquidity themes

Idea Generation :

Track and articulate relative value across asset classes, sub-sectors as well as in both the primary and secondary markets

Portfolio & Risk Management :

Identify investment opportunities and recommend investment ideas to portfolio management teams

Hedging :

Familiarity with hedging products related to credit, interest rates and currency

Counterparty Engagement :

Build and maintain relationships with banks, broker-dealers, issuers and other market participants to enhance market access and trade execution

Reporting and Documentation :

Ensure thSat all trades are entered and logged into internal systems, support compliance and audit processes, contribute to performance attribution

Data Innovation :

Capture trade data in a systematic fashion, work with PMs, analysts and developers to enhance trading datasets You'll need to have:: 10+ years of trading experience in securitized products with a deep understanding of collateral, structure, issuers, and market dynamics Exhibits the values of transparency, collaboration, responsibility and communication Ability to work in a fast-paced environment Ability to make quick, yet well thought out decisions Proficiency in Bloomberg and Intex Proficiency in Excel, Powerpoint Bachelor's Degree required, CFA or MBA is a plus Why Lord Abbett?: 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-Based - 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 were honored to be ranked #1 in Barron's Best Fund Families for 2024 and to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments for five consecutive years.

Compensation Information:

Annual base salary for this role is $175,000 - $225,000. 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.