Bridgewater Associates

Trade Operations Associate

Bridgewater Associates$120K — $135K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BA/BS in numerical or business-based discipline from an accredited institution
  • Strong academic record
  • Preferred experience with Trading Backoffice Operations
  • Ability to own and take personal responsibility for work
  • Open-mindedness and reflection on personal behavior

Responsibilities

  • Support daily operations of the trading desk and portfolio generation
  • Own lockdown of trading activities including trade affirmation
  • Execute processes for trading team support and data management
  • Review regulatory filings and counterparty reports from vendors
  • Resolve inquiries and ensure timely resolution of trade issues
  • Report metrics for decision-making and continuous improvement

Benefits

  • Structured training program with on-the-job apprenticeship
  • Opportunities for ownership of complex systems and processes
  • Potential for mentorship responsibilities as experience grows
  • Career growth opportunities across the organization
Full Job Description
About the Investment Implementation Department

The Investment Implementation department is a community of diverse investment professionals whose mission is to implement our investment strategies and client portfolios excellently. Our Department is responsible for ensuring the excellent implementation of our systematic investment approach, from raw data to executed trades, with processes and logic that reflect the full richness of our investment insight, executed with a near-zero error rate, and engineered and orchestrated in a way that facilitates oversight and compounding. This is an investment department, owning the investment outcomes, and the mandate includes both the 'run' responsibility and the 'transform' responsibility, meaning daily operations as well as over time renovation of our systems.

We fulfill our mission by applying four operating principles:
  • Understand and deliver internal client needs. Partner with our internal clients to understand, offer implementation designs, and deliver solutions, while proactively educating and communicating outcomes to ACLs (Asset Class Leads) and CIOs.
  • Own our investment intent. Own our investment intent in full, in letter and spirit.
  • Continuously improve. Have and evolve an investment pipeline to meet current and future internal client needs.
  • Systematically and relentlessly deliver quality outcomes. Apply our best logic systematically, discipline, expertise, and controls to every signal, position, and trade in every market.

About the Team

We are responsible for implementing the investment views of the world's largest hedge fund while minimizing transaction costs and information leakage. We do this by constantly deepening our understanding of liquidity and market dynamics to develop systematic, non-discretionary trade execution strategies.

About Your Role

The Trade Operations Associate role is part of a dynamic team directly involved with the day-to-day trading that is part of Bridgewater's investment engine. This role is focused on supporting the daily activities on the trading desk and portfolio generation, locking down trading risk, overseeing the quality of our external reporting. You will work directly with traders, portfolio associates, implementation team managers, and our back office partners. It is a role that will both allow and demand very fast learning and evolution. It will provide a fundamental knowledge of how to actively minimize risks and liaise with departments and counterparties to be accountable for sustaining a minimum level of risk. Further, the role involves dealing with a fast paced, detail-oriented environment, where accuracy and control are vital, and excellent communication and escalation is paramount. This position also requires flexibility to support different markets across many asset classes throughout the Global trading day, and as such, it will provide a uniquely wide foundation of understanding.

As part of the Trading Execution team, this role represents an exciting opportunity to generate substantial impact, test your limitations, and engage with top level thinkers as part of a group that seeks to systematically understand the markets. With focus on discipline, control and risk management, you will support the trading teams to ensure they are fulfilling their responsibilities to trade accurately and efficiently in the market. You will learn how to interpret risks, how to minimize those risks and how to contribute to ensuring repeatable, high quality outcomes.

You will drive the following responsibilities:
  • Support daily activities of the trading desk, the portfolio generation team, and are the front office's primary touch point with Back Office providers. You will be working closely with traders, the portfolio generation team, Back Office partners, strategists, technologists, and vendors
  • Own daily lockdown of trading activity. This includes affirmation of trades, investigating and resolving trade breaks, minimizing risk and ensuring straight through processing to our back office
  • Execute and oversee specific processes to support trading team parameter generation, consuming data from third party vendors to enable portfolio generation, and managing corporate actions.
  • Reviewing regulatory filings and counterparty reporting prepared by our third-party vendors
  • Owning and resolving specific inquiries and ensure timely resolution
  • Reporting metrics and statistics that enable the team to make decisions and constantly improve the department

You will be a click for the role if you:
  • Hold a high degree of personal responsibility and ownership
  • Are able to consistently step back and improve your way of operating.
  • Have a sense of pride, ownership and accountability in the work that you own.
  • Weigh what they know and understand in determining confidence. Open to other perspectives than your own, without accepting illogical/irrational ones.
  • Are able to reflect objectively on one's own behavior; step above oneself and see things from a higher level with a good understanding of their strengths/weaknesses in a particular situation.

Position Requirements

To succeed within our unique culture and work environment, individuals must demonstrate humility, innate curiosity, and openness to new ideas and approaches. Candidates must be driven, confident, and goal-oriented. All Bridgewater employees are expected to be honest, exceptionally direct, and eager to provide and receive objective feedback. Our employees constantly strive for self-improvement through feedback and self-reflection and are committed to the pursuit of excellence.

Minimum Qualifications
  • Possess a BA/BS in numerical or business-based discipline, with a quality academic record, from an accredited undergraduate institution.
  • Experience with Trading Backoffice Operations is preferred but not required

Physical Requirements
  • This is a fully on-site role (5 days/week), and this employee will work from our office in Westport, CT.

Why Choose Bridgewater?

It takes all types to make Bridgewater great. We seek a diverse group of innovative thinkers and push them to engage in rigorous and thoughtful inquiry. We develop people through an honest examination of their abilities and performance, enabling personal growth and professional development. We strive to provide you with opportunities that will challenge you and unlock your potential.

You will grow with us by:
  • Undergoing a training program of structured classes and on-the-job apprenticeship.
  • Taking ownership of increasingly complex systems and processes.
  • Taking on oversight and mentorship responsibilities to grow talent as you gain experience.
  • Opportunities to grow your career across Bridgewater depending on your strengths, weaknesses, and experience.

Compensation Band:
  • The wage range for this role is $120,000 - $135,000 inclusive of base salary and discretionary target bonus. The expected base salary for this role is between 80% - 90% of this wage range.

One of our core priorities at Bridgewater is to enable our employees to build a great life and career, and we believe our benefits are an important extension of that philosophy. As such, currently Bridgewater offers a competitive suite of benefits. Explore more information about Bridgewater's benefits on our website here.

About Bridgewater Associates

Bridgewater Associates is an investment management firm that manages approximately $140 billion in assets for institutional clients and high net worth individuals. The firm is known for its unique investment philosophy, which is based on a set of principles known as 'radical transparency.' Bridgewater's investment approach is focused on macroeconomic trends and uses a combination of quantitative and qualitative analysis to identify investment opportunities. The firm's clients include pension funds, endowments, and sovereign wealth funds.
Learn more about Bridgewater Associates
Size
1,500 employees
Industry

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