Nuveen is seeking a Senior High Yield Trader in Public Fixed Income. The successful candidate will possess a high level of initiative along with being an energetic and flexible individual with a strong understanding of leveraged credit capital structures. Additionally, the candidate will be a contributing member of a highly successful group of professionals focused on investing in Leveraged Finance instruments including, High Yield Bonds, Leveraged Loans, CDX, and ETFs. This dynamic group proactively manages the investing activities for all of Nuveen’s Public Leveraged Finance portfolios.
Key Responsibilities and Duties
- Executes the purchases and sales of fixed income instruments within the parameters set by Portfolio Managers, Head of Leveraged Finance trading or the Head of TFI Trading. Trading will be focused in High Yield Bonds in both par and distressed markets, along with, Leveraged Loans, Indexes, ETFs, CDS and other instruments as required.
- Works alongside Portfolio Managers, Senior Traders, and Research Analysts with the goal of properly assessing market liquidity conditions and achieving best execution.
- Analyze and timely provides details relating to primary bond issuance. This includes a solid understanding of fundamental credit statistics, relative value, and deal specifics that include capital structure and market dynamics and the basis between cash & structured/synthetic instruments.
- Shows an ability to handle multiple tasks efficiently with a strong attention to detail and risk management.
- Keeps the Head of Leverage Finance Trading, members of the Leveraged Finance Team, and senior leaders informed of market events, data, and flows.
- Understands Nuveen respective portfolio mandates/goals and proactively presents compelling relative value trades to members of the Leveraged Finance team.
- Understand how flows in one asset class may impact prices and yields in related asset classes. Points out relationships across markets and potential trades that arise from those relationships.
- Works effectively with members of other assets classes with a focus on collaboration and knowledge sharing.
- Responsible for building relationships with existing sell-side sales coverage, traders and syndicate desks along with managing these relationships with a focus on best execution.
Educational Requirements
- Bachelor's Degree Required.
Work Experience
- 3+ Years Required; 5+ Years Preferred.
Licenses and Certifications
Physical Requirements
Career Level
7IC
Anticipated Posting End Date: 2024-10-23
Base Pay Range: $131,300/yr. - $190,000/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance.
Company Overview
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones.
Equal Opportunity
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
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