Fixed income Trader, Schwab Asset Management

Your opportunity

Schwab Asset Management (SAM) has over $1.4 trillion under management in mutual funds, ETFs, collective investment trusts, and separately managed accounts. Products managed include a wide variety of active and indexed equity, fixed income, and asset allocation strategies, as well as money market funds. SAM uses a consistent and disciplined approach to investing across all our products and seeks to develop innovative new products to meet the core investing needs of our clients.

SAM Fixed Income Trading is responsible for executing trades in fixed income instruments and related derivatives across multiple sectors and a range of maturities for all Charles Schwab Investment Management, Inc.-advised products including the Schwab mutual funds, Schwab ETFs, and separately managed account solutions. Trading strategies deployed by the team will vary based on investment strategy (i.e., index versus active), impetus for the trade, market conditions, and other factors. Collaboration is a critical part of the role, and it is expected that the position will develop relationships and work very closely across teams, including portfolio managers, credit research, investment risk, and other teams within SAM and Schwab.

Key Responsibilities:

• Utilize pre-trade analytical tools to inform trade strategies for execution of fixed income securities generated by portfolio managers and/or the trade support team
• Seek to obtain best execution on purchases and sales of fixed income securities
• Contribute to the enhancement of existing and/or design of new trading processes to improve efficiency and scalability of the investment process
• Perform and interpret post-trade transaction cost analyses using internally developed processes and output from third-party applications. Leverage the output to improve future outcomes.
• Collaborate with and enhance relationships with trading counterparties of the firm
• Contribute to the team’s collective expertise in fixed income market structure and trading technology developments, and use this knowledge to enhance both trade execution and broader investment processes
• Create and support the development and presentation of trading related governance committee meeting materials
• Collaborate with Business Unit Risk, Trade Operations, and others to resolve trade errors

This is a summary only; duties and responsibilities may change over time

What you have

The ideal candidate will possess the following qualifications:

• Bachelor’s degree required; MBA or CFA designation desirable but not required
• Five to ten years of relevant buy-side and/or sell-side fixed income trading experience
• Demonstrated expertise in trading municipal securities, corporate bonds, securitized bonds, agencies, and/or Treasurys. Experience trading global sovereign debt and/or investment grade credit is a plus.
• Experience trading taxable municipal securities, securitized assets, and corporates preferred
• Strong knowledge of fixed income fund management/SMA workflows and platforms (e.g., Aladdin, InvestorTools Perform, Vestmark, Tradeweb, MarketAxess, Bloomberg, etc.) required
• High degree of comfort and proficiency with technology, data manipulation, and workflow design; experience with coding a plus
• Proficient understanding of market structure and regulatory requirements related to one or more fixed income asset classes
• Understanding of transaction cost theory and analysis
• Ability to cultivate and maintain relationships with sell-side broker-dealers and other key industry stakeholders
• Demonstrated ownership, curiosity, resourcefulness, and proactivity. Able to prioritize and navigate in a fast-paced environment.
• Disciplined self-starter who can utilize downtime on value-add projects and additional trade analysis
• Strong verbal and written communication skills
• An open mind to different perspectives and the confidence to challenge the status quo

What you’ll get:

• Comprehensive Compensation and Benefits package.
• Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts.
• Work/Life Balance: Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program.
• Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions.
• Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships.
• Not just a job, but a career, with an opportunity to do the best work of your life.