Trade Associate - Fixed Income

Tidal Financial Group; New York (NY); On-site; USD 85,000 - 125,000; Full time

Job summary

The Tidal Financial Group is a leading ETF investment technology platform seeking a Trading Associate to support the implementation and management of ETF portfolios with emphasis on fixed income trading, cash positioning, and collateral management. The role covers global asset classes and involves collaboration with prime brokers and internal teams.

Ideal candidates have a finance/economics background, 3+ years in institutional trading or treasury, and strong analytical and communication skills.

Qualifications

• Bachelor's degree or equivalent experience in business, finance, economics, or quantitative field.
• 3+ years in institutional trading, portfolio operations, treasury, or cash management with fixed income experience.
• Proficiency with Bloomberg or equivalent trading platforms.

Responsibilities

• Assist traders with executing and managing fixed income and equity trades, focusing on fixed income markets.
• Use Bloomberg and OMS platforms to support trade execution and portfolio oversight.
• Support portfolio rebalances, new launches, and in-kind baskets with potential independent management over time.
• Coordinate with prime brokers, market makers, custodians, and counterparties to optimize execution and efficiency.
• Monitor market trends, portfolio positioning, and performance relative to objectives and peers.
• Collaborate with internal and external stakeholders and perform additional duties as assigned.
• Handle daily trading operations including allocation, settlement monitoring, and reconciliation.

Skills

Analytical skills

Communication

Problem solving

Attention to detail

Deadline management

Education

Bachelor's degree in business/finance/economics

Tools

Bloomberg

Excel

Office suite

Job description

The Tidal Financial Group is a leading ETF investment technology platform dedicated to creating, operating, and growing ETFs. We combine expertise and innovative partnership approaches to offer comprehensive, value-generating ETF solutions.

About The Role

Tidal is seeking a highly skilled Trading Associate to support the implementation and day-to-day management of multiple ETF portfolios, with a particular emphasis on fixed income trading, cash positioning, and collateral management. The ETF Portfolio Management team provides portfolio management and execution services for ETF issuers across active and index-based strategies covering major global asset classes.

What You'll Do

Trading and Portfolio Management

• Assist traders with executing and managing fixed income and equity transactions, with a strong emphasis on fixed income markets.
• Use Bloomberg, order management systems, and other institutional platforms to support efficient trade execution and portfolio oversight.
• Support portfolio rebalances, new fund launches, and custom in-kind baskets, with the expectation of independently managing these responsibilities over time.
• Work closely with prime brokers, market makers, custodians, and other counterparties to support best execution and improve fund efficiency.
• Monitor market trends, economic developments, portfolio positioning, and performance relative to fund objectives and direct competitors.
• Build strong working relationships with internal teams and external stakeholders, and perform additional duties as assigned.
• Perform daily trading operations, including trade allocation, settlement monitoring, and reconciliation across fixed income and equity activity.

Cash and Collateral Management

• Prepare and distribute daily cash position reports for assigned ETF portfolios.
• Monitor inflows and outflows, investigate exceptions or variances, and communicate cash movements to internal and external stakeholders.
• Track account balances and forecast liquidity needs to maintain appropriate cash and collateral coverage.
• Coordinate collateral and margin activity with counterparties and support the timely movement or return of excess cash and collateral.
• Use Bloomberg and counterparty portals to gather information, investigate breaks, and resolve discrepancies.

Qualifications

• Bachelor's degree in business, finance, economics, a quantitative discipline, or equivalent relevant experience.
• At least 3 years of experience in institutional trading, portfolio operations, treasury, or cash management, including demonstrated fixed income trading experience.
• Institutional or registered investment adviser trading experience.
• Proficiency with Bloomberg or a comparable institutional trading platform.
• Strong understanding of financial markets, trading strategies, trade settlement, reconciliation, and collateral processes.
• Advanced proficiency in Microsoft Excel and working knowledge of the Microsoft Office suite.
• Strong analytical, communication, and complex problem‑solving skills.
• Ability to manage deadlines, maintain attention to detail, and perform effectively in a fast‑paced environment.

Preferred Qualifications

• Experience with trading platforms, order management systems, and post-trade processing.
• Knowledge of cash forecasting, reconciliation, margin, and collateral‑management processes.
• Experience working for a firm that manages investment companies registered under the Investment Company Act of 1940.
• Familiarity with regulatory requirements related to trading activities.
• Proximity to Chicago or Omaha preferred

The Pay Range For This Role Is

85,000 - 125,000 USD per year(United States)