Job Information
Thrivent Financial Senior High Yield Trader in Minneapolis, Minnesota
We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.
At our heart, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.
Job Summary
The Senior High Yield Trader executes authorized securities purchases and sales in the high-yield corporate debt market, including leveraged loans and index derivatives. Executes trades in total return accounts for both Thrivent’s mutual fund and insurance company portfolios. Develops and maintains relationships with securities dealers, including sales coverage, traders, and syndicate desks. Provides portfolio managers and analysts with timely information about market sentiment, trading environment, volume, volatility, and relative value trade opportunities.
Compensation may vary above what is stated below depending on experience and qualifications if the scope of role expands commensurately.
Job Responsibilities and Duties
Execute trades as directed by portfolio manager’s trade orders under best execution standards and internal compliance policies.
Develop and maintain relationships with securities dealers and counterparties including sales coverage, traders, and syndicate desks.
Provide relevant market intelligence, sentiment, and pricing information to portfolio management teams and research analysts.
Work closely with portfolio managers and research analysts to assist in developing and identifying investable ideas with a focus on relative value from both an issuer and capital structure perspective to enhance portfolio performance.
Provide primary market new issue information, guidance, relative value input, order management, and allocation.
Lead daily trading desk meetings and participate in all other high-yield research and strategy meetings.
Job Qualifications
Required:
Master’s degree in finance, business administration, another related field or progress toward completion of CFA designation.
Five or more years’ experience in a high-yield trading or research environment.
Ability to work in a collaborative team environment.
Strong organizational, communication and interpersonal skills.
Preferred:
Master’s degree in finance, business administration, another related field and CFA designation.
Ten or more years’ experience in a high-yield trading or research environment.
Additional Information
- This position requires you to work on-site in Minneapolis, MN a minimum of 5 days a week.
Pay Transparency
Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $170,238.00 - $230,323.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.
Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.
The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent’s plans/policies are subject to change at any time at Thrivent’s discretion.
Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex , gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state , or federal law. This policy applies to all employees and job applicants.
Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation , please let us know by sending an email to human.resources@thrivent.com or call 800-847-4836 and request Human Resources.
At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given. At our heart, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our customers. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.
For over 100 years, Thrivent has been helping people build their financial futures and live more generous lives. Today, it’s a Fortune 500 company that offers a full range of expert financial solutions, serving more than 2 million customers, as well as the communities in which they live and work.
Thrivent fosters a diverse workforce to serve our diverse clientele, reflecting a wide range of backgrounds and experiences. If you’re intrigued about our work and the possibility of becoming part of it, we invite you to visit Thrivent.com to learn more. You won’t just build a career; you’ll be part of an organization focused on growing, innovating, and serving.