5+ years of experience
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Employment Type:
Full time
Job Category:
Trading Assistant
(This job is no longer available)
Guggenheim Partners | Rockville, MD
Grad Date

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Job Description

About the Position

Guggenheim is seeking an exceptional Trading Assistant to join its Equities and Derivatives Trading Team. Reporting to the Senior Traders, this person will join an experienced team responsible for implementing trading strategies for Guggenheim Investments' ETFs and mutual funds. The ideal candidate will demonstrate strong analytical and problem-solving skills and be motivated to learn.

The Trading Assistant role presents an opportunity to learn the Trading, Investment and Operations functions of the Equity and Derivative Trading Teams and to work with the traders and portfolio managers across Guggenheim Investment's Rockville, NYC, Chicago and Santa Monica offices. The position is located in Rockville, MD.

Specific Responsibilities Include

* Learn the team's investment products, systems, and applications. After becoming competent in the process, the candidate will contribute ideas and executions strategies on how to implement process improvement.
* Track corporate actions and index events that may impact investment decisions on an ongoing basis. Implement those changes within the investment modeling framework and communicate the changes, as well as any performance impact, with relevant portfolio managers.
* Communicate with the Trading Team, Accounting Group, Custodian Banks, and trade execution partners in order to confirm transaction and settlement details.
* Responsible for providing trade analysis, creating pre and post trade reports, and sending those reports along with observations to the PM and Trading Teams.
* Support the Equity Best Execution Process by generating periodic reports and analysis. This will require the ability to source data from multiple locations and synthesize that information into summary reports.
* Support the operations of the derivatives traders with the daily booking of trades.
* Generate equity stock basket orders through our Order Management System (OMS).
* Work on End of Day reporting of trading and commissions.
* Lead new accounts documentation as it comes up

Skills & Experience Required

* Degree in Finance or Economics preferred
* 1 to 5 years of Financial Services experience preferred
* Occasional evening meetings required with Wall Street trading partners
* Periodic travel to New York and Chicago

In addition, the ideal candidate will be or have

* Strong analytical and problem-solving skills
* Ability to work in team environment with multiple hand-offs of tasks and review of work by colleagues
* Able to demonstrate knowledge or aptitude with Visual Basic or Python programming languages
* Able to demonstrate skill with Microsoft Excel
* Ability to communicate time-sensitive trades with accuracy and urgency
* Has a desire to work in financial services field and is self-motivated to improve their skills and knowledge
* Can handle detailed work on smaller tasks and stay motivated

About Guggenheim Investments

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our team of investment professionals performs rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

To succeed in the Guggenheim culture, candidates must be self-starters and strive for results. We are looking for people, who operate as business owners, adhere to the highest standards and think creatively to realize opportunities, wherever they may be.

Guggenheim Partners is an Equal Opportunity Employer committed to a diversified and inclusive workforce.

About Guggenheim Partners

Guggenheim Partners is a diversified financial services firm with offices in Chicago, New York, Los Angeles, Geneva, Hong Kong and London. It has over $100 billion of assets under supervision, runs numerous investment funds and provides wealth management services to wealthy families. The firm traces its heritage to the innovative Guggenheim family that was a prime mover in the development of business in the United States beginning in the late 1800s. The family also was an important pioneer in philanthropy, and it created the Guggenheim Museum and Guggenheim Memorial Foundation.