Senior Trader - Public Credit

Company: Genworth
Location: Stamford
Posted on: October 31, 2024

Job Description:

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care-and we bring those experiences with us to work in serving our millions of policyholders each day. We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism. Our four values guide our strategy, our decisions, and our interactions:

• Make it human. We care about the people that make up our customers, colleagues, and communities.
• Make it about others. We do what's best for our customers and collaborate to drive progress.
• Make it happen. We work with intention toward a common purpose and forge ways forward together.
• Make it better. We create fulfilling purpose-driven careers by learning from the world and each other. POSITION TITLESenior Trader, Public CreditPOSITION LOCATIONStamford, CT (hybrid work schedule)YOUR ROLEThe Senior Trader for Public Credit is a highly visible position who is directly responsible for executing public asset transactions for the portfolio. You will support the Head of Corporate Credit and Public Markets in implementing the investment strategy and driving the evaluation and selection of investment opportunities that align with the portfolio's strategic asset allocation. As a member of the Trading team, the role is expected to focus primarily on Investment Grade Corporate Credit. Additional sector responsibilities could include Structured Credit (ABS, CMBS, RMBS), Municipal Credit or High Yield Corporates. The successful candidate will partner closely with other Traders, Credit PMs, Credit Research, Portfolio and Risk Management to accomplish key portfolio objectives and implement tactical strategies for your assigned asset class(es). You will be responsible for collaborating across these teams to develop recommendations and execute on security selection decisions. The Trading team has high visibility across Genworth, and you will be expected to generate trade ideas in a relative value context, execute trades, monitor and opine on markets and follow macroeconomic trends. Preferred candidates should demonstrate a very strong understanding of how insurance company assets are invested to meet policyholder obligations and be able to support and influence initiatives across not only public credit but also Investments.What you will be doing
  • Trade both new issue and secondary bonds as well as portfolio trades
  • Recommend relative value ideas and other tactical strategies for existing positions and new investments
  • Present your views and discuss markets in our morning market discussions and various other meetings
  • Keep a pulse on broad market movements, the economy and asset class trends to maintain educated opinions on relative value, credit trends and market outlook
  • Foster strong relationships with dealer counterparties and other industry participants and work to maintain and improve Genworth's standing with external partners
  • Support additional asset class trading responsibilities including back-up for other traders
  • Train and mentor Trading and Investments team members
  • Adhere to risk, compliance and accounting policies and procedures
  • Ability to do some potential travel to Richmond, VA and Raleigh, NCWhat you bring
    • Bachelor's degree
    • Minimum 3 years of experience working in a trading role, preferably in an asset management organization
    • Self-starter, with excellent organizational skills and proven ability to work independently
    • Very strong bond valuation framework
    • Ability to build relationships with internal partners, including analysts, credit portfolio managers, portfolio managers, risk managers and others
    • Have confidence to remain calm when challenged and ability to stand up to pressure, while exhibiting credibility to influence others while engaged in debate to provide practical solutions, a balance of assertiveness and discretion
    • Must be able to stay ahead in a constantly changing environment to include market activity, business direction and priorities
    • Exercise integrity and sound business judgment
    • Strong problem-solving skills and leadership traits to assist with the daily operation of an organization
    • Ability to prioritize multiple tasks and accurately complete them in a fast-paced, changing environment
    • Excellent written / verbal communications skills and the ability to present effectively to leadership at the skip level
    • Strong functional capability with Bloomberg and Microsoft Office (Excel, Word, PowerPoint, Outlook)Nice to have
      • MBA or equivalent degree
      • CFA or other advanced certification
      • Experience trading two or more asset classes
      • Experience working with analytical tools such as Aladdin, Python and/or Power BI
      • Portfolio trading experienceEmployee Benefits & Well-BeingGenworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives.
        • Competitive Compensation & Total Rewards Incentives
        • Comprehensive Healthcare Coverage
        • Multiple 401(k) Savings Plan Options
        • Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
        • Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
        • Disability, Life, and Long Term Care Insurance
        • Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
        • Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
        • Caregiver and Mental Health Support ServicesADDITIONAL
          • At this time, Genworth will not sponsor a new applicant for employment authorization for this position. For the State of New York: The base salary pay range for this role starts at a minimum rate of $112,900 up to the maximum of $214,600. In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 60% of your base compensation. The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.

Keywords: Genworth, East Brunswick , Senior Trader - Public Credit, Accounting, Auditing , Stamford, New Jersey