Trader, Securitized Credit

Job Overview

Lord Abbett is seeking an experienced securitized products professional to join our Securitized Credit team. The ideal candidate will have at least 10 years of experience in securitized products trading, with a focus on the CLO, CMBS and / or RMBS markets. This role will involve obtaining best execution on buy and sale activity across a wide range of spread products within securitized, exercising sound judgement negotiating with longstanding firm counterparties, building and maintaining strong relationships and access to liquidity, and maintaining a strong awareness of our investment portfolios.

We’ll Trust You To:

• Trade Execution: Fulfill our fiduciary responsibility to strive for best execution on all transactions
• Portfolio Analysis: Produce and monitor risk and liquidity across various metrics for our specialty finance portfolios
• Market Analysis: Evaluate the current market landscape including technical market trends, fundamental market trends and notably liquidity themes
• Idea Generation: Track and articulate relative value across asset classes, sub-sectors as well as in both the primary and secondary markets
• Portfolio & Risk Management: Identify investment opportunities and recommend investment ideas to portfolio management teams
• Hedging: Familiarity with hedging products related to credit, interest rates and currency
• Counterparty Engagement: Build and maintain relationships with banks, broker-dealers, issuers and other market participants to enhance market access and trade execution
• Reporting and Documentation: Ensure that all trades are entered and logged into internal systems, support compliance and audit processes, contribute to performance attribution
• Data Innovation: Capture trade data in a systematic fashion, work with PMs, analysts and developers to enhance trading datasets

You’ll Need To Have:

• 10+ years of trading experience in securitized products with a deep understanding of collateral, structure, issuers, and market dynamics
• Exhibits the values of transparency, collaboration, responsibility and communication
• Ability to work in a fast-paced environment
• Ability to make quick, yet well thought out decisions
• Proficiency in Bloomberg and Intex
• Proficiency in Excel, Powerpoint
• Bachelor's Degree required, CFA or MBA is a plus

Why Lord Abbett?

Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.

• Principles-Based - We empower our leaders to create an environment of trust.
• Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
• Purpose-Driven - We instill a passion for always putting our clients' interests first.

We were honored to be ranked #1 in Barron’s Best Fund Families for 2024 and to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments for five consecutive years.

Compensation Information:

Annual base salary for this role is $175,000 - $225,000. Salary is estimated for this role. Actual pay may be different.

Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.

Benefits:

Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans.