Associate Trader/Trader, Derivatives

Salary range: $90,000 USD – $140,000 USD. Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. Associate Trader range: $90,000 – $120,000; Trader range: $120,000 – $140,000.

At Russell Investments, salary is one part of a total-rewards package that includes an annual performance bonus (subject to eligibility) and participation in competitive benefits programs covering healthcare, retirement, vacation, and wellbeing.

About the role

This is an opportunity to join the derivatives trading team in Seattle. You will be part of a team responsible for trading and advising on customized portfolio overlays and hedging strategies across Russell Investments’ funds and third-party clients. The role has a specific derivatives focus encompassing trading and subject-matter expertise across equity, fixed income, and commodity derivatives. Instruments include listed futures, swaps (bilateral OTC and cleared), listed and OTC options.

The team traditionally starts around 5:30 am to cover US market hours and liaises with international offices. Flexibility with working hours is expected, including a several-month rotation covering Asia markets (3:00 pm – 12:00 am).

Responsibilities

• Trade execution across derivatives products: listed futures (equity index, fixed income, commodities), listed and bilateral OTC equity-index and fixed-income options, and swaps.
• Research and advise on a broad range of derivative instruments and implementation strategies to assess liquidity, tracking error, and transaction costs.
• Partner with internal and external stakeholders to provide subject-matter expertise on derivative strategies and ad hoc requests.
• Prepare regular reporting on trading volumes, trade-cost analysis, market color, and performance.
• Assist trading, operations, and technology teams with feedback for process improvements.

Requirements

• Bachelor’s degree in finance or a related field.
• 1–5 years of experience with derivatives trading, operations, or portfolio management.
• Experience with fixed income and/or options is a plus.
• CFA and/or CAIA designation or progress toward it is a plus.
• Detail-oriented, intellectually curious, with excellent communication skills.
• Self-starter eager to take on new responsibilities in a challenging environment.
• Highly proficient with Excel; Bloomberg experience is a plus.
• Must be legally authorized to work in the United States without employer sponsorship now or in the future.