About the Role:
Join our team at Baird Trust as a Trader, where you will play a vital role in managing and executing trade orders for our diverse clients. In this dynamic position, you’ll oversee all aspects of trade order processing across every business area, including Full-Service Trust Clients and Advisory Strategies.
We are seeking someone with strong expertise in investment management technologies and a solid understanding of complex trading systems and procedures supporting client accounts with various custodians. As a valued member of our team, you’ll collaborate closely with our Fixed Income Advisor on acquiring fixed income securities from multiple dealers and partner with our Equity Team to execute trades using SMA models. This is an exciting opportunity to contribute meaningfully while advancing your career in a collaborative and growth-oriented environment.
This position offers flexibility with 4 days/week in our downtown Louisville, KY office and 1 days remote.
The Impact You’ll Make:
Executes trading activities for equity and fixed income securities
Prepares and produces trading reports for management and compliance purposes
Conducts research on investment opportunities and helps monitor the credit quality of bond issuers
Supports the development of fixed income investment strategies, including researching and implementing new ideas while ensuring compliance with client Investment Policy Statements
Carries out both individual and multi-security equity trades, such as block trades
Builds and maintains strong relationships with brokers and dealers to ensure best execution of portfolio trades
Collaborates with portfolio managers to design investment portfolios for both retail and institutional clients
Works closely with portfolio managers and compliance teams to oversee trading activity
Consistently implements internal controls and ensures adherence to company policies and procedures
Reviews upcoming reorganizations and informs portfolio managers accordingly
Handles proxy voting responsibilities, including evaluating upcoming meetings, providing research for proxy vendors, voting physical proxies, and coordinating information with the chief investment officer
Manages the trading error process, which involves preparing written summaries, making necessary adjustments to client and firm accounts, and reporting to the investment committee
Follows up on audit findings and tracks corrective actions taken
Acts as a backup for other Traders and performs additional tasks and projects as assigned
What You’ll Bring to Baird:
Undergraduate degree in related field. Experience may replace education requirement
Three to five years of securities industry experience
Previous trading experience required
Proficient knowledge of portfolio investing principles.
Familiarity with rating agency credit methodologies as well as industry investment concepts and products
Solid understanding of intermediate accounting, economics, and finance principles
Knowledge of effective communication concepts, methods, and techniques
Proficient with Microsoft Word and Excel at an intermediate level
Experience in security selection for both taxable and tax-exempt fixed income, common stocks, and mutual funds; working understanding of investment theory
Strong analytical and technical skills
Professional telephone etiquette and ability to interpret and apply organizational policies and procedures
Meticulous attention to detail, strong organizational abilities, accuracy, and advanced math skills
Excellent organizational and time management capabilities to prioritize tasks and ensure timely completion of projects
Highly self-motivated with a dedication to excellence
Effective communication skills and professional demeanor for interaction across all levels of management, colleagues, and external counterparts
Ability to organize, manage, prioritize, and track multiple detailed assignments in a dynamic environment while meeting strict deadlines
Proven capacity to establish and maintain productive working relationships throughout the organization
Demonstrated aptitude for working collaboratively in a team setting as well as independently, employing initiative to solve problems and contribute to team success
Licenses/Certifications:
Must have Active Securities Industry Essentials (SIE) Exam, Series 7, and Series 66 or Series 63 and Series 65 licenses or be willing to study and obtain within 6 months of hire.
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