Equity Trader

Company:  Wellington Management Company, LLP
Location: Boston
Closing Date: 07/11/2024
Salary: £200 - £250 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description


About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.


About the Role
The Position

We are seeking to hire a US, Equity Trader to execute orders from portfolio managers and analysts across our US book of business, to include cash and derivatives across local and external markets. This is an execution role, but there is significant opportunity and expectation to add value to client portfolios through collaboration with portfolio managers and analysts.

This position is based in Boston and will be situated on the Trading Desk at our offices, which are located at 280 Congress Street.This trader will be working collaboratively with our global trading teams located in Boston, London, and Hong Kong and Singapore.

Wellington Management's trading philosophy and practices are based on the principles of seeking best execution, contributing to portfolio alpha, andmanaging regulatory, operational, liquidity and investment risks. We seek to execute orders in a manner consistent with these principles and in accordance with our written policies, which emphasize the fair dissemination, aggregation, and allocation of investment opportunities across our investment platform and ultimately our clients.

Wellington Management’s Trading Department employs over 60 traders globally and operates in specialized teams according to sectors and products. Our investment and trading activities are conducted on an industry-leading internally developed technology platform, which we believe creates a meaningful competitive advantage.We are also supported by an in-house team of managers and quantitative and business analysts, who oversee the “business” of the department andprovide in-depth, action-oriented insights into our trading capabilities and activities.

Responsibilities

Principal responsibilities will include, but are not limited to:

  • Executing equity transactions, using a mixture of high-touch and low-touch execution methods, for all relevant accounts under management.
  • Executing orders in a manner consistent with our best execution and risk management practices, as well as our policies and procedures.
  • Gathering, analyzing, and disseminating market, sector and security information that identifies or creates actionable investment opportunities.
  • Developing and enhancing over time an in-depth understanding of the investment philosophies and strategies of our portfolio managers, strategists, and analysts.
  • Soliciting potential trade interest from portfolio managers and locating external supply/identifying internal demand for liquidity opportunities in the market.
  • Remaining informed of new product developments.
  • Fostering new trading relationships and leveraging existing relationships.
  • Monitoring and improving efforts to enhance efficiency while mitigating risk.
Qualifications

A successful candidate should have the following qualifications:

  • Have a minimum of 3 years' relevant trading experience. Experience trading a wide array of instruments would be additive.
  • Ability to work quickly and accurately in a fast-paced, dynamic environment.
  • Demonstrate a high degree of accuracy in his/her work.
  • Work well in a team oriented environment.
  • Strong organizational and communication skills.
  • Strong work ethic and attention to detail; a precision and risk management mindset that results in accurate and compliant work and manifests itself in double-checking work, stopping to question anything unusual, and frequent reconciliationof work throughout the day.
  • Strong analytical skills and an ability to apply those skills in a highly practical fashion.
  • An attitude and practice of proactive idea generation and continuous review and improvement of our processes.
  • Impeccable integrity, fiduciary mindset, and ability to consistently place the interests of our clients as the number one priority.
  • Strong quantitative skills, programming experience would be additive.
  • A pro-technology mindset and the ability to leverage technology to improve effectiveness and efficiency.
  • Strong interpersonal skills and experience in a collaborative, team-based, results-oriented environment.
  • Strong academic credentials: Undergraduate degree is required; MBA/CFA would be viewed favorably.

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 80,000 - 180,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salaryis only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence,paid holidays, volunteer, sick and vacation time)

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Wellington Management Company, LLP
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