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Principal Financial Group · 1 week ago

Senior Trader, Equities

Seattle, WA

Full-time

Hybrid

Senior Level

$141K/yr - $191K/yr

7+ years exp

Principal Financial Group is a leading global investment solutions business, managing about $752 billion in assets. They are seeking a Senior Trader to work with portfolio management teams to efficiently execute common stock securities and derivatives transactions.

Financial ServicesInsurance

No H1B

U.S. Citizen Only

Responsibilities

Partner closely with analysts and portfolio managers to complete appropriate trades within portfolio parameters set by portfolio managers

Stay abreast of general economic and financial market trends. Monitor market conditions, liquidity opportunities, pertinent news for firm’s holdings and proactively establish an ongoing dialog with portfolio managers and firm's investment staff

Maximize exposure to favorable liquidity. Minimize adverse impact from order footprint. Mitigate exposure to predatory participants. Maintain anonymity in the marketplace

Proactively develop, foster, and maintain professional and positive relationships with industry partners, including brokers, vendors, regulators, and industry peers to facilitate innovative and productive relationships

Initiate and support a globally harmonized investment team structure with persistent communication and interaction with the other regional desks

Operate with an innovative mindset to advance workflow efficiencies, improve access to liquidity, enhance reporting capabilities and technology evolution within the framework of the trading desk and the firm’s initiatives

Qualification

Equities TradingTrading Systems ProficiencyTransaction Cost AnalysisLarge Complex Orders ExecutionMarket Dynamics KnowledgeTotal Return Swaps TradingInvestment Management ExperienceCFA DesignationMBA

Required

7+ years experience as an Equities Trader, (10+ highly preferred)

Experience in trading Listed and OTC Options

Proficiency in trading systems and platforms such as Charles River, Tradeweb, Triton, and Bloomberg

Proficiency in all trading channels, including high-touch, algorithmic, block pools, and program trading

Solid understanding of TCA (transaction cost analysis) and demonstrate its applications both before and after trade execution

Experience working (executing to deliver the best price and liquidity expectations) large complex orders, which may require merging, splitting, crossing orders, leveraging multiple brokers/trading venues/trading strategies

Working knowledge of the market dynamics of various marketplaces, including the trading dynamics of large/medium/small capitalization equities

Preferred

Experience in trading Total Return Swaps

Investment management, hedge fund, or brokerage trading experience

Proven ability to analyze complex trading opportunities and execute trades efficiently under market-imposed time constraints while adhering to the best execution principles

Maintain a constant awareness of developments within markets, regulations, trading technology, and other issues relevant to the effective transaction of business

MBA and/or CFA designation

Benefits

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

Company

Principal Financial Group

Glassdoor3.9

Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023.

Founded in 1879

Des Moines, Iowa, USA

10001+ employees