We have an exciting opportunity for an Associate Trader to join our Trading team at Mediolanum International Funds. The desk is a multi-asset trading desk executing across a range of asset classes for UCITs funds. The successful candidate will be part of a dynamic team, working in a fast paced environment, gaining exposure right across the asset management business. They will create strong relationships with the wider Investment team and contribute to the overall success of the firm.
Duties will be a blend of trading, portfolio implementation and administrative duties to include, but not limited to the following:
- Multi Asset Trade Execution across fixed income, credit, cash equities, ETFs, FX and derivatives
- Executing regular fund of fund rebalancing trades designed to remedy market drift and migrate portfolios back to target.
- Develop complex trading plans to facilitate portfolio implementation and manage the execution of same.
- Maintaining relationships and open communication with brokers to obtain trade flow information to assist with best execution for trades executed for relevant sub-funds.
- Communicating market information with the Portfolio Managers and the wider Investment team across asset classes.
- Manage Transitions using an appointed Transition Manager.
- Monitoring actual asset allocation of existing products to ensure compliance with UCITS notices, prospectus limits, internal investment guidelines and model portfolios advised by Investment Management department.
- Review the daily funds cash-flow process taking appropriate actions as required e.g. advising flows to segregated managers, subscribing / redeeming units from fund of funds’ portfolios, adjusting cash management balances etc.
- Day to day cash management for funds and Dublin operating companies, investing in line with the company’s Credit Risk Policy.
- Preparation of monthly and ad hoc reports.
- Involved in projects as required.
- Assist in the enhancement of processes where there is scope.
Skills and Competencies:
- Ability to perform under pressure and within tight deadlines.
- Numeracy, accuracy and attention to detail essential.
- Ability to communicate information precisely (both orally & written).
- Be highly motivated with a desire for success.
- Ability to work on own initiative whilst also being a strong team player within the Trading Team and wider business.
- Aptitude to identify issues and develop solutions as part of your day-to-day role.
- Competent Excel, with programming skills an advantage.
Qualifications and Experience:
- An honours’ graduate (Finance, Maths, Economics or other numerate disciplines).
- At least 1 years trade execution preferable.
- Experience working in an Asset Management company preferably but not a pre-requisite.
- Detailed knowledge of financial markets, ideally including Fixed Income, Equities, FX and ETF/Mutual Funds.
