Bank Loan Trading Assistant

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