Bank Loan Trading Assistant

1 Financial Center, Boston, MA 02111, USA Req #120
Thursday, February 13, 2025
Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide. We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients. Founded in 1926, Loomis Sayles currently oversees approximately $400 billion in assets under management for global clients spanning more than 50 countries.  
 
We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Our culture centers on our shared IDEALS, the core characteristics of who we aspire to be as employees and an organization. 
 
  INCLUSIVE & DIVERSE-DEDICATED TO TEAMWORKEXCELLENTACCOUNTABLELEADERS-SOLUTION-ORIENTED 

Loomis Sayles is committed to the continual improvement of our performance, processes and people. As part of this commitment, we are looking to hire an enthusiastic and passionate candidate, eager to contribute to our continued success through the following employment opportunity: 

About the Role

 

The Loomis Sayles trading team is structured to maximize our ability to achieve best execution. We are centralized, specialized, integrated and experienced. We have five dedicated trading teams: Global Rates, EM & FX; Credit, Bank Loan & FI Derivatives; Europe/UK Credit; Equity; and Systematic Low Touch. Within each team the specialization is more specific with each trader responsible for trading a particular region, sector or security type. We are an integral part of the investment process which consists of: traders, analysts and portfolio managers working together to generate the best investment ideas for our clients. Best execution is a cornerstone of our responsibilities in Trading, and we make meaningful contributions to alpha generation.

 

We are currently searching for a trading assistant to work on the Bank Loan trading desk.

 

Job Responsibilities

    • Provide trading support and assistance to the Bank Loan desk
    • Ensure timely and accurate security set-up, trade notification, trade confirmation to brokers, and resolution of issues with counter parties and internal stakeholders
    • Provide support for trade settlements, new issue security set-up, and cash management for loan fund  
    • Work collaboratively and proactively with the loan Traders to ensure exceptional trade execution support
    • Liase with Operations teams including  pricing, compliance and settlements to ensure accuracy and integrity
    • Ad hoc reporting and special projects as needed

 

Qualifications & Education Requirements

    • Bachelor’s degree
    • 3 years of financial services industry experience
    • Knowledge of leveraged loan market, credit derivatives and cash pay high yield bonds
    • Strong analytical, organizational and communication skills
    • Exceptional attention to detail
    • Ability to work well in a team environment and multitask
    • Strong computer skills working with Excel and other database applications
    • Quick learner; able to work accurately at a rapid pace with multiple priorities and deadlines
    • Strong overall fit with the Loomis Sayles culture
    • Ability to work extended hours when necessary
    • Special requests on trade activity

 

Additional Requirements

 Strong consideration will be given to the following:

    • Knowledge of bank loan settlement process a plus
    • CFA or MBA (complete or in progress) a plus

EEOC and Diversity Statement  
 

Loomis Sayles is deeply committed to building a diverse and inclusive workforce in which talented individuals can realize their full potential and contribute to our growth and success. Please consider applying for this role even if your work history and skillset doesn’t completely match the job description. We believe creativity, tenacity and humility are as valuable as specific skills that can be practiced and perfected on the job.  
 
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, creed, color, gender, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Other details

  • Pay Type Salary
Location on Google Maps
  • 1 Financial Center, Boston, MA 02111, USA