Ameriprise Financial, Inc

Structured Product Bond Trader

Ameriprise Financial, Inc$115K — $140K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2-7 years of experience in structured product securities, focusing on agency mortgages or CLOs within a buy-side firm.
  • Proficient in Microsoft Excel, including macro implementation and Bloomberg.
  • Exceptional problem-solving and analytical skills with a strong attention to detail.
  • Ability to manage multiple tasks effectively and maintain rigorous time management.
  • Strong verbal communication skills with a collaborative, self-motivated attitude.

Responsibilities

  • Execute trades for structured product fixed income securities under the supervision of Portfolio Managers.
  • Build and maintain relationships with Portfolio Managers, Research Analysts, and Traders to enhance collaboration.
  • Provide market insights that aid Portfolio Managers in identifying investment opportunities.
  • Participate in team discussions, representing the trading function to offer market perspectives.
  • Develop a database to monitor trading levels and dealer activity effectively.
  • Serve as the primary contact with street counterparties for trade execution and market information aggregation.
  • Conduct ad hoc reporting as needed and stay informed about client trading guidelines and compliance checks.

Benefits

  • Comprehensive health, dental, and life insurance packages.
  • 401(k) retirement plan with employer contributions.
  • Vacation and sick time policies to support work-life balance.
  • Variable pay opportunities through bonuses and commissions.
  • Flexibility to work from home one day a week, following an in-office collaboration model.
Full Job Description
Responsible, under direct supervision, for executing trades of structured product fixed income securities as authorized by Portfolio Managers with the primary focus being Agency Mortgages and CLOs. Responsibilities • Collaborate and build relationships with Portfolio Managers, Research Analysts and Traders to build credibility and trust as a partner in the overall investment process. • Provide market-related insight that helps Portfolio Managers identify relative value opportunities. • Participate in Portfolio Management and Research team round tables as the representative of the trading function to provide market trends and environment from a trading perspective. • Contribute to the global trading team with market insight, trends and technicals. • Develop and maintain data base to track secondary trading levels, dealer bid/offering levels, and cover bids. • Point of contact with street counterparties – aggregating axes, collecting and disseminating market color, and executing trades. • Assist with ad hoc reporting as requested by PM/traders. • Will be expected to learn various client guidelines and restrictions and utilize pre-trade compliance checks. • Interact with senior traders, research partners and other internal constituents on a regular basis. • Participate in morning calls, daily/weekly market updates and strategy meetings. Interact as a seamless interface between the team and various internal firm constituencies. Required Qualifications • 2-7 years’ experience with structured product securities, preferably in agency mortgages or CLOs for a buy-side firm. • Strong problem-solving skills, analytical framework and computer skills with demonstrated proficiency in Microsoft Excel, macro implementation and Bloomberg. • Rigorous attention to details and good time-management/multi-tasking skills required. • Comfortable interacting with and taking directions from senior investment professionals. • Inquisitive mind interested in all aspects of the fixed income markets. • Self-motivated team player with strong verbal communication skills. Preferred Qualifications • Proficiency with Blackrock Solution's Aladdin OMS. • Undergraduate degree in Finance, Math, Physics or related field Visa Sponsorship Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN). In-Office Collaboration We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process. Base Pay Salary The estimated base salary for this role is $115,000- $140,000 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances. Full time Exempt Investment Management AMINV US Asset Management

About Ameriprise Financial, Inc

Ameriprise Financial, Inc Careers

Joining Ameriprise Financial, Inc presents an unparalleled opportunity to advance your career with a leader in financial services. Our team of professionals is dedicated to fostering an environment of growth, innovation, and leadership. Work You’ll Do At Ameriprise Financial, Inc, you will be part of a culture that thrives on diversity, professional excellence, and ethical standards. Our employees are empowered to master their roles and contribute to the company’s success through continuous personal and professional development. Transform Your Career Lead your career on a path of continuous growth with Ameriprise Financial, Inc. Our company stands at the forefront of the financial industry, integrating cutting-edge technology and substantial market expertise to deliver exceptional service to our clients. Work with a team of skilled professionals who are committed to a culture of innovation and exceptional leadership. Collaborate on projects that reshape financial planning and improve client outcomes. Ameriprise Financial, Inc Job Opportunities We are actively hiring and have a variety of job opportunities that cater to different skills and career levels. From entry-level positions to leadership roles, Ameriprise Financial, Inc offers a dynamic work environment where your skills will be honed and your achievements recognized. Join our team and contribute to our mission of helping clients achieve their financial goals. Explore positions in areas such as financial advising, customer service, IT, and more. Internship Programs Kickstart your career with an Ameriprise Financial, Inc internship. Our internships provide invaluable workplace experience, networking opportunities, and insights into the financial services industry. Interns at Ameriprise Financial, Inc are crucial team members, working alongside seasoned professionals and contributing to real-world projects. Benefits and Growth Ameriprise Financial, Inc is committed to the growth and development of our employees. We offer competitive benefits, diversity training, and professional development programs that encourage our team to stay ahead in the industry. Our benefits package includes health, dental, and vision insurance, retirement plans, and generous paid time off. Leadership and Development Develop your leadership skills through targeted training and mentorship at Ameriprise Financial, Inc. We believe in nurturing leadership potential and offer various programs designed to help you grow into a visionary leader within the company. Stay Connected Join Our Team Search for open positions that match your skills and interests. We are looking for passionate, curious, and driven team players. Start your journey with Ameriprise Financial, Inc today and build a career that you can be proud of. SEARCH AMERIPRISE FINANCIAL JOBS Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Ameriprise Financial, Inc.
Learn more about Ameriprise Financial, Inc
Size
12,000 employees
Market Cap
$32.7 billion
Industry
Net Income
$1.5 billion
Founded
1894
5 Year Trend
+2.6%
Revenue
$11.9 billion
NASDAQ

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