At a Glance
- Tasks: Join our global trading team as a fixed income trader, focusing on European and Emerging Markets.
- Company: Nuveen is a leading global asset manager dedicated to securing clients' financial futures.
- Benefits: Enjoy a diverse workplace, flexible hours, and opportunities for professional growth.
- Why this job: Be part of a dynamic team shaping the future of global ETFs and fixed income markets.
- Qualifications: 2+ years in credit trading; degree in Finance or Economics; knowledge of ETF mechanisms required.
- Other info: This role requires UK regulatory certification and offers support for diverse applicants.
The predicted salary is between 43200 - 72000 £ per year.
Key responsibilities
The Global Fixed Income team at Nuveen is looking to hire a Fixed Income Trader to expand their existing London team as they build out their additional global product offerings. This role will focus on trading European Corporate and Government bond markets in addition to select Emerging Markets and the associated FX for a Global Bond ETF product. This will require a strong understanding of fixed income markets and trading protocols as well as knowledge of ETF product construction. As a member of the Global Trading Team you will also engage with portfolio managers and analysts to contribute to discussion regarding market trends, liquidity conditions and market technicals.
- Serves as the primary trader for the firm’s Global ETF fund, executing trades across global developed and emerging markets with a strong understanding of local market structures, trading hours and liquidity dynamics.
- Supports the execution and development of trading strategies related to Global ETFs, including both primary (creation/redemption) and secondary market activities along with associated FX hedging requirements.
- Maintain and expand the existing low touch trading of liquid fixed income instruments and develop high touch trading competencies in each market traded on the London desk.
- Monitors market movements and trading environment dynamics to inform on the purchasing and selling of fixed income securities.
- Maintains portfolio records and prepares reports that detail the purchases and sales of fixed income securities.
- Seeks to controls trading costs on behalf of clients to support clients and manage funds.
- Monitors all trading processes and documentation to ensure practices comply with UCITS, MiFID II, and firm level standard policies and procedures.
- Maintains investment customer confidence by keeping order information confidential and cautioning others of potential breaches.
- Troubleshoots daily trade, settlement, and operational issues, ensuring seamless post-trade processes across global time zones, including Asia & EMEA
Qualifications & Experience Required
- Must have a proven track record of 2/3 years of credit trading experience in Global/EM markets
- Bachelor\’s degree in Finance, Economics, or related field; MBA or IMC/CFA preferred
- Demonstrated experience with ETF creation/redemption processes
- Proven track record in fixed income securities trading across multiple markets
- Strong understanding of global market structures, trading hours, and liquidity dynamics
- Experience with FX hedging strategies and implementation
- Proficiency with Bloomberg Terminal, TradeWeb, MarketAxess and other relevant trading platforms
- Knowledge of UCITS, MiFID II regulations, and compliance requirements
- Experience with both high-touch and low-touch trading strategies
Competencies Required
- Excellent analytical skills with ability to interpret market movements and trading patterns
- Effective communication skills to collaborate with portfolio managers and operations teams
- Experience troubleshooting trade settlement issues across multiple time zones
- Ability to work effectively during non-standard hours to accommodate global markets
- Strong attention to detail with emphasis on accuracy in trade execution and record-keeping
- Adaptability to changing market conditions and trading environments
- Ethical decision-making and commitment to maintaining client confidentiality
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ETF Trader employer: TIAA
Contact Detail:
TIAA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ETF Trader
✨Tip Number 1
Familiarise yourself with the latest trends in fixed income markets, especially focusing on European Corporate and Government bonds. Understanding current market dynamics will help you engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the ETF trading space. Attend industry events or webinars to connect with traders and portfolio managers who can provide insights into the role and potentially refer you to opportunities at Nuveen.
✨Tip Number 3
Brush up on your knowledge of UCITS and MiFID II regulations, as well as the compliance requirements specific to ETF trading. Being well-versed in these areas will demonstrate your commitment to regulatory standards during the hiring process.
✨Tip Number 4
Showcase your proficiency with trading platforms like Bloomberg Terminal and TradeWeb. If possible, practice using these tools to enhance your skills, as familiarity with them can set you apart from other candidates.
We think you need these skills to ace ETF Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit trading, particularly in Global and Emerging Markets. Emphasise your understanding of ETF trading mechanisms and any specific achievements in fixed income securities trading.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role at Nuveen and explain how your skills align with their requirements. Mention your experience with FX hedging strategies and your proficiency with trading platforms like Bloomberg Terminal.
Showcase Analytical Skills: Provide examples in your application that demonstrate your analytical skills, particularly in interpreting market movements and executing timely trading decisions. This will show your capability to contribute effectively to the Global Trading Team.
Highlight Regulatory Knowledge: Since knowledge of UCITS and MiFID II regulations is crucial for this role, make sure to mention any relevant experience or training you have in these areas. This will help position you as a strong candidate who understands compliance requirements.
How to prepare for a job interview at TIAA
✨Know Your Fixed Income Fundamentals
Make sure you have a solid understanding of fixed income markets, including bonds and ETFs. Be prepared to discuss trading protocols and market structures, as this knowledge will be crucial for the role.
✨Demonstrate Your Trading Experience
Highlight your previous credit trading experience, especially in Global and Emerging Markets. Be ready to share specific examples of trades you've executed and the strategies you employed.
✨Familiarise Yourself with Regulatory Requirements
Understand UCITS and MiFID II regulations thoroughly. Being able to discuss how these regulations impact trading practices will show that you are well-prepared for the compliance aspects of the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your ability to analyse market trends and trading patterns. You might be asked to interpret recent market movements, so practice articulating your thought process clearly.