Investment Grade CorporateTrader

About the role

Supports Western Asset’s Investment Grade team in Pasadena, CA, playing a direct role in shaping global fixed-income portfolios, contributing actively to investment decision-making.

Responsibilities

• Execute alpha generating trades across various corporate subsectors for a variety of fixed income strategies and mandates.
• Operate as a trusted trading partner to Portfolio Managers and actively contribute to portfolio outcomes.
• Generate market insight and research ideas within assigned markets, including relative-value analysis across all sectors of the corporate bond market.
• Develop and maintain strong counterparty relationships, gathering and communicating market intelligence on liquidity, flows, and pricing dynamics.
• Identify and recommend relative value opportunities within and across all corporate subsectors.
• Actively participate in global team and firm-wide investment strategy meetings.
• Engage with clients and external stakeholders where appropriate, representing Western Asset’s trading and investment viewpoint.

Requirements

• A minimum of 3-5 years of experience trading, working on an investment team, or managing risk in fixed income markets.
• Previous experience supporting investment grade credit desk highly preferred.
• Knowledge of macro research and portfolio management with desire for personal and professional growth and the desire to take on fresh challenges.
• Excellent written and verbal communication skills to explain and justify trade recommendations.
• Strong analytical and quantitative skills.
• Experience and comfort using trading analytics, a variety of trading platforms (Tradeweb, Market Axess, Bloomberg, Trumid, etc), data analysis, and advanced Excel.
• Intellectual curiosity and sound decision-making under pressure.
• Ability to multitask in a fast-paced environment, with an ability to make decisions based on logic, reason and knowledge.
• A collaborative mindset and genuine interest in contributing to a global investment team.

Qualifications

• An undergraduate degree required; CFA or MBA is preferred.

Skills

• Strong analytical and quantitative skills.
• Experience and comfort using trading analytics, a variety of trading platforms (Tradeweb, Market Axess, Bloomberg, Trumid, etc), data analysis, and advanced Excel.
• Intellectual curiosity and sound decision-making under pressure.
• Ability to multitask in a fast-paced environment, with an ability to make decisions based on logic, reason and knowledge.
• A collaborative mindset and genuine interest in contributing to a global investment team.

Benefits

Western Asset is committed to providing a comprehensive benefits package that includes:

• Discretionary bonuses
• Short and long-term incentive packages
• Company-sponsored benefit programs

Pay

Expected base salary for the role will generally be between $135,000 - $165,000 per year at the commencement of employment.

Schedule

Flexible schedule to accommodate global investment needs.

Contact

To apply, please visit our careers site: https://westernasset.com/careers

Equal Employment Opportunity

Western Asset Management is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law. Link to Equal Employment Opportunity Statement: https://westernasset.com/careers/careers-site/common/pdfs/EQUAL_EMPLOYMENT_OPPORTUNITY.pdf