What are the responsibilities and job description for the Trader - Investment Grade Credit position at DOUBLELINE GROUP LP?
The Trader will be responsible for the trading of investment grade corporate bonds on behalf of a diverse base of client investment vehicles including mutual funds, UCITs, ETFs, and separately managed institutional accounts. The Trader will work in close collaboration with Portfolio Managers and Credit Analysts to ensure alignment of trading strategies with portfolio objectives and credit views.
Job Functions
- Trading
- Ensure best execution, routing, and fair allocation
- Ensure compliance with all portfolio guidelines
- Allocate and ticket all trades
- Maintain records (blotter & best execution)
- Work with settlement team on unresolved trade issues
- Collaboration with Portfolio Manager
- Track and manage cash positions across portfolios
- Deliver concise market intelligence updates to inform trading and portfolio decisions
- Identify/generate trade ideas
- Alert any changes in restricted trading lists
- Collaboration with Credit Analysts
- Track and manage primary calendar
- Provide information & recommendation on corporate actions
- Monitor/Alert market news and trends
- Monitor/Alert market movements, especially outliers
- External Relationships
- Develop and maintain formal, strategic relationships with broker-dealer trading, sales, and syndicate teams to enhance market access, liquidity, and trade execution quality.
- Undertake ad-hoc projects as necessary
- Bachelor’s Degree
- At least 2 years of investment grade bond trading experience required, preferably on the sell side
- Proficiency in Bloomberg
- Credit training is a plus
- Demonstrated attention to detail and collaborative
Base Salary Range
The estimated base salary range for this position is $100,000 – $150,000. In addition to base salary, this position is eligible for an annual discretionary bonus, plus a comprehensive benefits package.
Salary : $100,000 - $150,000