Trading Associate

Bridgewater Associates

Location
Westport, CT
Employment type
unknown
Posted
Posted
  • Investment Implementation

About the role

About the Implementation Department The Investment Implementation department is a community of diverse investment professionals whose mission is to implement our investment strategies and client portfolios excellently. Our Department is responsible for ensuring the excellent implementation of our systematic investment approach, from raw data to executed trades, with processes and logic that reflect the full richness of our investment insight, executed with a near-zero error rate, and engineered and orchestrated in a way that facilitates oversight and compounding. This is an investment department, owning the investment outcomes, and the mandate includes both the ‘run’ responsibility and the ‘transform’ responsibility, meaning daily operations as well as over time renovation of our systems. We fulfill our mission by applying four operating principles: Understand and deliver internal client needs. Partner with our internal clients to understand, offer implementation designs, and deliver solutions, while proactively educating and communicating outcomes to ACLs (Asset Class Leads) and CIOs. Own our investment intent . Own our investment intent in full, in letter and spirit. Continuously improve . Have and evolve an investment pipeline to meet current and future internal client needs. Systematically and relentlessly deliver quality outcomes . Apply our best logic systematically, discipline, expertise, and controls to every signal, position, and trade in every market. About Your Role As a Trading Associate, you will execute trades, generate and evaluate ideas for how to make better trading decisions, and collaborate with strategists and technologists to constantly improve our processes, focusing on improving the implementation of our logic or increasing efficiency. Through extensive on-desk formal training and on-the-job informal instruction, TAs become well-versed in Bridgewater’s trade execution strategies, the logic used to implement our strategies, and the production systems used to facilitate our logic. Once trained, our TAs carry out the core responsibilities of our department, including implementing our desired exposures, developing a distinct view of the outside world through close interaction with the markets, and driving the evolution of our execution strategy. Traders at BW do not have discretion in their trading and do not “manage a book” – instead, traders execute our desired exposures using a systematic set of rules developed by our team and strive to improve those rules by developing a world-class understanding of markets. This team is based in CT and trades global markets. Trading shifts may vary, but typical shifts include coverage during Asian, European, or New York market hours. A deep sense of intellectual curiosity will be needed to fuel your ability to deepen our understanding of ever-changing market structure and to drive the evolution of our systematic process. This is a fully on-site role (5 days/week), and this employee will work from our office in Westport, CT. You will drive the following responsibilities: Executing Bridgewater’s desired exposures according to our systematic, proprietary processes Contributing to Bridgewater’s understanding of market microstructure, transaction costs, market participants, and products in the markets Working with technologists and researchers to construct new investment implementation systems and execution strategies or overhaul old ones Driving initiatives to improve the quality, reliability, and efficiency of the systems you own Developing and maintaining strong relationships with our liquidity providers and external vendors Work together with our analytics team to oversee our transaction costs and execution outcomes Traders may perform some engineering work to evolve our strategies and system logic and to conduct analysis. You will be a click for the role if you: Are analytical, highly logical, and structured in your thinking Have excellent communication skills and can interact with counterparties and colleagues clearly and effectively Thrive in a fast-paced environment Are comfortable working nontraditional hours to implement our trades in Asia and European markets, and are excited about having a unique position at the nucleus of BW’s trading activity through close interaction with the markets Are deeply interested in understanding financial markets, market structure, and game theory Can think critically about outcomes and transform perceptions into strategic changes Have a knack for automation and naturally seek ways to improve processes Hold a high degree of personal responsibility and ownership in everything you do In addition, to succeed within our unique culture and work environment, individuals must demonstrate humility, innate curiosity, and openness to new ideas and approaches. Candidates must be driven, confident, and goal-oriented. All Bridgewater employees are expected to be honest, exceptionally direct, and eager to provide and receive objective feedback. Our employees constantly strive for self-improvement through feedback and self-reflection and are committed to the pursuit of excellence. Minimum Qualifications: <span dat

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