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T. Rowe Price Fixed Income Trader - High Yield in Baltimore, Maryland

A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives.We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job.If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us.

Position Purpose:

This individual will work within Global Trading with the primary responsibility for trading high yield securities and derivatives. This individual will also be responsible for communicating themes, trends, and activity relating to the high yield market to portfolio managers, analysts, and other traders on a regular basis. The incumbent must maintain a strong working knowledge of the global credit markets and keep abreast of evolving trends within industries and individual credits. This trader also has responsibility to provide analysis and commentary on relative value within capital structures. Being able to build and maintain relationships both externally and internally is essential.

Primary Responsibilities:

  • Maximize best execution practices both voice and multiple trading platforms/venues

  • Execute trades and identify trading strategies/relative value opportunities in the high yield market on behalf of T.Rowe Price’s clients.

  • Build and maintain strong internal and external relationship with global credit investment team colleagues and dealers

  • Collaborate with T.Rowe Price’s investment professionals to assess market dynamics and strategies through sharing market insights with regard to trading levels, liquidity and flows

  • Promote workflow efficiency and partner with technology to aggregate market data to enhance market intelligence and communication

  • Mentor and train junior traders

Qualifications:

Required:

  • Bachelor’s degree or Master’s degree

  • 7+ years of prior buy-side high yield trading experience

  • Strong communication skills to communicate market color and investment strategies to portfolio managers, analysts and traders

  • Ability to work effectively as part of a team of portfolio managers, analysts and traders

  • Strong quantitative, analytical and organizational skills

  • Risk-taking mindset and ability to negotiate effectively with broker/dealers

  • Excellent interpersonal and relationship building skills

  • Self-starter with ability to multi-task with precision under pressure

  • Attention to detail and high integrity

  • Interest in technology and promoting solution to improve trading efficiency

Preferred:

  • Bachelor’s degree in Finance or Accounting or quantitative major

  • MBA, MA or CFA (or in progress)

  • Experience in Credit Markets specifically High Yield

Strongly Preferred Attributes:

  • Collaborative – Sharing of ideas and looking to provide solutions to issues facing the team

  • Intellectual Curiosity – skilled at sourcing information, and sharing insights that assist with investment idea generation

  • Strong interpersonal skills – ability to express views/concepts and present information in a clear and concise manner.

  • Proactive and accountable – Take initiative to meet client objectives, strong work ethic and decision-making skills. Proactively look to increase knowledge and skills.

  • Client focused - Trading effort is geared to achieve best client outcome

  • Drive and organization – Detail oriented and ability to work calmly, flexibly and efficiently in a challenging fast paced environment

  • Integrity – act with integrity and accountability

  • Investor/Risk taking mindset: Strong interest in fixed income markets

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.

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