Senior Trader, Equities

Principal Financial Group; Des Moines (IA); Hybrid; USD 137,000 - 185,000; Full time

Job summary

An established industry player is seeking a Senior Trader to join their Equities team. In this pivotal role, you will execute trades of common stock securities and equity derivatives, collaborating closely with analysts and portfolio managers. Your expertise will drive effective trading strategies while monitoring market trends to enhance decision-making. This position offers a dynamic environment at the intersection of finance and technology, where your contributions will significantly impact the firm's success. Join a purpose-led organization dedicated to making financial security accessible to all, and leverage your skills in a rewarding and innovative workplace.

Benefits

Flexible Time Off

Comprehensive Benefits

Pension Eligibility: No

Qualifications

• 7+ years of experience as an Equities Trader.
• Proficiency in trading platforms and systems.
• Ability to analyze complex trading opportunities.

Responsibilities

• Execute trades of common stock securities and equity derivatives.
• Monitor market conditions and share insights with management.
• Develop and maintain relationships with Wall Street traders.

Skills

Equities Trading

Trading Systems Proficiency

Market Analysis

Excel Proficiency

Bloomberg Proficiency

Education

MBA

CFA Designation

Tools

Charles River

Tradeweb

Newport

Job description

What You'll Do

We’re looking for a Senior Trader to join our Equities team. In this role, you’ll execute trades of common stock securities and equity derivatives consistent with direction set by the portfolio management team!

• Work with analysts and portfolio managers to complete appropriate relative-value trades within portfolio parameters set by portfolio managers
• Stay abreast of general economic and financial market trends. Monitor market conditions and share information with portfolio managers and firm's management staff
• Proactively develop, foster and maintain positive relationships with a wide network of Wall Street traders, brokers, and other industry contacts to ensure a constant flow of up-to-the-minute relevant information and to enhance the firm's image in the brokerage community

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!

Who You Are

• 7+ years related work experience with the majority of this tenure as an Equities Trader
• Proficiency in trading systems and platforms such as Charles River, Tradeweb, and Newport
• Proven ability to analyze complex trading opportunities and execute trades efficiently under market-imposed time constraints while adhering to the best execution principles
• Strong proficiency in Excel and Bloomberg

Skills That Will Help You Stand Out

• Experience in trading Total Return Swaps
• Experience in trading Listed and OTC Options
• MBA and/or CFA designation
• Ability to make effective, well-informed decisions in a highly time-sensitive and stress-producing environment, often with incomplete and/or contradictory information
• High level of self-confidence and initiative and be comfortable taking positions and educated risks

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$137000 - $185000 / year
Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible

No
Additional Information

Location(s)

This role will be based out of our World Headquarters located in Des Moines, IA. You can check out what our Global Headquarters looks like here: https://youtu.be/-hCqsfzlabk?si=qsFjvfrCaOOGY7Xn

Work Environments

This role offers the ability for in-office or four days in-office and one day remote.

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.
Original Posting Date

4/14/2025
Most Recently Posted Date

4/16/2025