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Trader, Derivatives

Location: Seattle

Description

Role Summary

Specific derivatives focus will encompass a range of products in fixed income, equities and commodities.  Instruments traded include swaps (OTC and cleared), listed futures, listed and OTC equity options.  The associate will be part of a team developing and researching customized portfolio overlays and hedging strategies. The position will also have significant trade execution responsibility across Russell funds, third party clients and transition management clients.  A successful candidate will be extremely detail oriented.  An understanding of a wider set of financial products – including the interaction of equity derivatives with rates, fx and commodities is essential given the diverse nature of Russell’s client base. This position will interact with other trading desks, portfolio managers, implementation portfolio managers, Street side coverage, quant staff, IT and external clients. Ability to work well in a team and strong communication skills are imperative.  This position calls or a highly organized, conscientious individual with strong analytical, quantitative, collaborative and communication skills.  Traditionally, the team starts their day around 5:45 am.  As the trading desk liaises with other international offices and is involved in global trading and portfolio management events, flexibility with working hours is expected and required.  Knowledge of CRD and Bloomberg is a plus.

The responsibilities of the individual in this position include:

  • Trade Execution across fixed income and commodity futures, interest rate swaps, equity index options, total return swaps and  credit derivatives.  
  • Portfolio management of liquidity sleeves.  Research and creation of  custom strategies. 
  • Implementation of improvements in team portfolio management processes - trading practices, portfolio analysis and performance reporting.
  • Prepare roll reports and other performance related reports.  Meet with PMs to discuss results.  Create and maintain derivative baskets for benchmark replication. Reporting, guideline development and risk management of positions. 
  • Assist IT teams with feedback for process improvement and efficiency gains. 

The successful candidate will have extensive demonstrable skills and experiences including the following:

  • Bachelors degree in finance, mathematics or economics preferred
  • 5 years of work experience in a related field
  • Programming skills in VBA, R, C#, SQL preferred
  • Fixed income futures, commodities, OTC, physicals knowledge
  • Excel, Word, PowerPoint skills
  • Detail oriented 
  • Ability to work in team within a time sensitive environment
  • Strong written, verbal and interpersonal skills 

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Russell Overview

Russell Investments is a global financial services firm that serves institutional investors, financial advisors and individuals working with their advisors in more than 40 countries.

Founded in 1936, Russell Investments is one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. With core capabilities extending across capital market insights, manager research, asset allocation, portfolio implementation and factor exposures Russell Investments stands with clients to achieve their desired investment outcomes.

A pioneer, Russell Investments began its strategic pension fund consulting business in 1969 and today is a consultant to some of the largest pools of capital in the world. With four decades of experience researching and selecting investment managers, meeting annually with more than 2,200 managers around the world, Russell Investments is well-known worldwide for its investment advice.

Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices (as of August 2016) across the world, providing Investment Services in the world’s major financial centers, including London, Paris, Amsterdam, Sydney, Tokyo, Shanghai, San Diego and New York.

Russell Investments offers a competitive compensation and benefit package to associates including: medical, vision and dental coverage; a profit-sharing retirement plan; sabbatical leave every 10 years; and tuition assistance. Most importantly, Russell Investments offers a work environment where respect for the individual and teamwork are part of our fundamental values. As an Equal Opportunity Employer, Russell Investments supports workforce diversity.





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