Pay PhilosophyThe typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
DescriptionThe Company
Liberty Mutual Investments (LMI) manages Liberty Mutual Insurance Group's (LMIG) global financial assets across global markets and private domains to build capital and generate income. With over $100 billion in assets under management (AUM) and a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY, LMI offers the best of both worlds — the look and feel of a boutique investment firm with the reputation and financial strength of a global leader.
LMI has been on a transformation path to spur innovation, capitalize on deep expertise, and scale its returns on long-term flexible capital through a "one firm, one portfolio, one team" mindset. Our operating model is built on three pillars: centralized portfolio construction, asset management, and investment-enabling services. The teams are structured as Investment Business Units (IBUs) working in concert: Strategy & Asset Allocation, Risk Management, Global Fixed Income, Global Private Investments, and Global Investment Solutions. Our portfolio spans a broad spectrum of public and private asset classes, and we are committed to expanding our capabilities and our toolkit in furtherance of our mission. #LMI
The Position
The Global Fixed Income (GFI) team invests in public market securities globally for Liberty Mutual Investments (LMI) in a Total Return environment. The current portfolio consists of over $76 billion in assets invested in developed and emerging market securities.
We are currently seeking a highly skilled and experienced Fixed Income Credit Trader to join our Global Fixed Income Trading Team. This role is critical in executing trades, developing trading strategies, and contributing to the advancement of our trading platform. The ideal candidate will have a strong background in fixed income markets, with expertise in credit trading (IG, Leveraged Finance, or CLOs), and relative value investment strategies. This role offers significant opportunities to add value to our business and work closely with senior traders, portfolio managers, research analysts, and quantitative researchers.
Responsibilities:
Develop and implement trading strategies to maximize portfolio performance.
Capable market-maker who utilizes relative value frameworks and knowledge of micro and macro market structure to drive value in the portfolio.
Execute orders and source liquidity in line with our best execution and risk management practices.
Trade both new issue and secondary markets across dedicated fixed income asset classes.
Enhance and demonstrate insightful portfolio knowledge to drive positioning and inform trading strategies.
Demonstrate asset class and macroeconomic knowledge by creating key market narratives and acting as a subject matter expert within LMI.
Partner with portfolio managers and analysts to build sector/security selection recommendations, appropriately size risk in the portfolios, and determine macro impacts on sectors/names.
Foster and maintain relationships with internal clients, brokers, and other market participants.
Utilize technology to enhance trading efficiency.
Gather, analyze, and disseminate market and security information to identify actionable trade ideas and investment opportunities
QualificationsBachelor's degree in Finance, Economics, Business, Computer Science, or a related field; Master's Degree or CFA preferred.
Minimum of 6-8 years' experience in fixed income trading, particularly within IG, High Yield, CLOs, or Bank Loan markets.
Proficiency in trading / portfolio platforms and financial software, including Bloomberg, Aladdin, MarketAxess, TradeWeb, and TruMid.
Strong understanding of credit portfolio management, credit analysis, and identifying relative value.
Experience with interest rate futures and credit derivatives (CDX) is a plus.
Ability to work quickly and accurately in a fast-paced, dynamic environment.
Self-starter with a proactive approach to generating ideas and improving processes.
About Us**This position may have in-office requirements depending on candidate location.**
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all 45,000 employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
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