First Eagle Investments
Senior Trader (Municipal Bonds Team)
First Eagle Investments - New York
Work at First Eagle Investments
Overview
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Overview
First Eagle is seeking an experienced high grade municipal trader to join our New York team. As part of a nimble and growing team, this hire will have an immediate impact across all functions of the team.
What you will do: Execute buy and sell orders for municipal securities across various sectors and duration buckets. Seek best execution for client accounts taking into account varying market conditions, liquidity constraints, trade sizing, investment guidelines, credit factors, regulatory requirements, and technical market aspects. Assist portfolio managers and trading head with the development and execution of the firm’s SMA and core municipal strategy along with other new ventures. Monitor primary market calendar to identify income and total return opportunities that are appropriate for client accounts. Balance liquidity needs across various client accounts. Manage complex allocations across multiple accounts to ensure fair and balanced distribution and diversification. Develop and maintain strong relationships with other market participants, particularly in the high-grade municipal space. Articulate portfolio strategies both internally and externally. Participate in regularly scheduled risk oversight meetings. Assist portfolio managers and trading with SMA technology development and implementation. The qualities you should have: Undergraduate degree in finance, economics, or related field; MBA or CFA a plus. 7+ years of high-grade municipal trading experience, either in asset management or dealer setting. An advanced understanding of risk and liquidity pricing and management. Experience or working knowledge of the separately managed account (SMA) business preferred. Strong analytical and problem-solving skills. Collaborative, team-oriented mindset required. Entrepreneurial attitude and flexibility in responding to needs of growing business; ability to pivot quickly among various tasks. Effective written and verbal communication skills. Base Salary range: $190,000 to $230,000. In addition, this role is eligible for an annual incentive bonus. Compensation may vary based upon, but not limited to – the individual's skills, experience, qualifications, and internal equity. We value our people and offer a broad range of benefits. We provide generous paid time-off, medical/dental/vision healthcare plans, 401(k) retirement and profit-sharing plans, a flexible/hybrid work environment, “dress for the day” flexible work attire, and many more great benefits. First Eagle Investments and their affiliates and subsidiaries, including First Eagle Alternative Credit and Napier Park Global Capital, is an Equal Opportunity Employer. Equal Employment Opportunity has been, and will continue to be, a fundamental principle at First Eagle, where employment is based upon personal capabilities and qualifications without regard to race, color, religious belief, including dress and grooming practices, sex, sexual orientation, gender identity, gender expression, age, national origin, marital status, citizenship, disability, veteran status, pregnancy, breastfeeding or medical conditions related to breastfeeding, status as a victim of domestic violence, sexual assault, or stalking, or any other basis protected by applicable federal, state or local law, genetic information or characteristics (or those of a family member), or any other protected characteristic as established by law.
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What you will do: Execute buy and sell orders for municipal securities across various sectors and duration buckets. Seek best execution for client accounts taking into account varying market conditions, liquidity constraints, trade sizing, investment guidelines, credit factors, regulatory requirements, and technical market aspects. Assist portfolio managers and trading head with the development and execution of the firm’s SMA and core municipal strategy along with other new ventures. Monitor primary market calendar to identify income and total return opportunities that are appropriate for client accounts. Balance liquidity needs across various client accounts. Manage complex allocations across multiple accounts to ensure fair and balanced distribution and diversification. Develop and maintain strong relationships with other market participants, particularly in the high-grade municipal space. Articulate portfolio strategies both internally and externally. Participate in regularly scheduled risk oversight meetings. Assist portfolio managers and trading with SMA technology development and implementation. The qualities you should have: Undergraduate degree in finance, economics, or related field; MBA or CFA a plus. 7+ years of high-grade municipal trading experience, either in asset management or dealer setting. An advanced understanding of risk and liquidity pricing and management. Experience or working knowledge of the separately managed account (SMA) business preferred. Strong analytical and problem-solving skills. Collaborative, team-oriented mindset required. Entrepreneurial attitude and flexibility in responding to needs of growing business; ability to pivot quickly among various tasks. Effective written and verbal communication skills. Base Salary range: $190,000 to $230,000. In addition, this role is eligible for an annual incentive bonus. Compensation may vary based upon, but not limited to – the individual's skills, experience, qualifications, and internal equity. We value our people and offer a broad range of benefits. We provide generous paid time-off, medical/dental/vision healthcare plans, 401(k) retirement and profit-sharing plans, a flexible/hybrid work environment, “dress for the day” flexible work attire, and many more great benefits. First Eagle Investments and their affiliates and subsidiaries, including First Eagle Alternative Credit and Napier Park Global Capital, is an Equal Opportunity Employer. Equal Employment Opportunity has been, and will continue to be, a fundamental principle at First Eagle, where employment is based upon personal capabilities and qualifications without regard to race, color, religious belief, including dress and grooming practices, sex, sexual orientation, gender identity, gender expression, age, national origin, marital status, citizenship, disability, veteran status, pregnancy, breastfeeding or medical conditions related to breastfeeding, status as a victim of domestic violence, sexual assault, or stalking, or any other basis protected by applicable federal, state or local law, genetic information or characteristics (or those of a family member), or any other protected characteristic as established by law.
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