Trader, Derivatives

Russell Investments; Seattle (WA); On-site; USD 130,000 - 150,000; Full time

Job summary

Russell Investments in Seattle is seeking a derivative trader to join our team overseeing trading and advising on overlays and hedging across funds and clients.

The role requires 4–6 years of trading experience with a focus on derivatives; familiarity with equity, fixed income, and commodities instruments is valued. Expect early US market hours and cross-team collaboration across global offices.

Qualifications

• Bachelor's degree in finance or a related area.
• 4-6 years of relevant trade experience with at least 2 years of derivatives trading or portfolio management.
• Experience with options and/or fixed income execution and strategies is a plus.
• Strong analytical and quantitative skills; ability to understand trading data and costs.
• Excellent written and verbal communication; ability to collaborate across teams.

Responsibilities

• Trade execution across derivatives products including listed futures – equity index, fixed income, and commodities.
• Research and advise on a broad range of derivative instruments and implementation strategies.
• Prepare regular reporting on trading volumes, costs, and performance-related metrics.
• Assist trading, operations, and technology teams with process improvements.

Skills

Derivatives trading

Portfolio management

Excel proficiency

Analytical skills

Communication skills

Attention to detail

Team collaboration

Bloomberg

CFA/CAIA (desirable)

Education

Bachelor's degree in finance or related area

Tools

Bloomberg

Excel

Job description

Salary Range:

$130,000 USD - $150,000 USD

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Job Description:

Salary Range: 120,000 to 150,000 Trader

This is an opportunity for you to join the derivatives trading team in Seattle. You will be part of a team that is responsible for trading and advising on customized portfolio overlays and hedging strategies across Russell Investments’ funds and third-party clients.

You will have a specific derivatives focus which will encompass trading and subject matter expertise across equity, fixed income, and commodity derivatives. Instruments to be traded include listed futures, swaps (bilateral OTC and cleared), listed and OTC options.

A successful candidate will have a strong attention to detail and a desire to develop a deep understanding of a broad set of financial products. You will partner with other internal trading teams, portfolio managers, and external clients to trade and implement a wide range of derivatives strategies. The position will have significant trade execution responsibility across Russell Investments funds, third party overlay clients and transition management clients which calls for a highly organized, conscientious individual with strong analytical, quantitative, and collaborative skills. Traditionally, the team starts at approximately 5:30am to cover US market hours. As the trading desk liaises with other international offices and is involved in global trading and portfolio management events, flexibility with working hours is expected.

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Your Core Responsibilities:

• Trade execution across derivatives products including listed futures – equity index, fixed income, and commodities. Other instruments in scope are listed and bilateral OTC equity index and fixed income options and swaps.
• Research and advise on a broad range of derivative instruments and implementation strategies to understand liquidity, tracking error, and transaction costs. Work with internal and external stakeholders to provide subject matter expertise on derivative strategies and ad hoc requests.
• Prepare regular reporting surrounding trading volumes, trade cost analysis, market color, and performance related reporting.
• Assist the trading, operations, and technology teams with feedback for process enhancements.

Your Expertise:

• Bachelor's degree in finance or a related area.
• 4-6 years of relevant trade experience (i.e. trade ops, etc) with at least 2 years of derivatives trading or portfolio management. Experience with options and/or fixed income execution and strategies is a plus.
• Detailed-oriented, intellectually curious, and driven self-starter looking to take on new responsibilities in a challenging environment.
• Strong analytical and quantitative skills with the ability to understand trading data, market information, and transaction-cost analysis.
• Excellent written and verbal communication skills and the ability to collaborate effectively across teams, functions, and geographies.
• Highly organized and able to manage multiple priorities in a dynamic, fast-paced, technology-driven trading environment.
• Highly proficient with Excel.
• CFA and/or CAIA designation or progress toward designation is a plus.
• Experience with Bloomberg is a plus.

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.