CastleOak Securities, L.P. ("CastleOak") is a premier boutique investment bank focused on providing capital markets services to a broad array of corporate, governmental and institutional clients. Headquartered in New York City, the firm specializes in primary and secondary sales and trading of fixed income, equity, and money market securities, as well as financial advisory (including M&A and private placements). Since its founding in 2006, CastleOak has assisted its clients on public offerings totaling over $4 trillion. CastleOak's professionals average 20 years of successful Wall Street experience and ongoing working relationships with some of the largest global corporations.
We offer a competitive total rewards package including:
- Hybrid workplace: work from home 2 days per week!
- Health insurance: competitive medical, dental, and vision programs
- Commuter benefits
- 401(k) with a company match
- Charitable contribution match program for employees
- Company-paid life insurance, short-term and long-term disability insurance
- Paid time off: vacation, personal days, sick leave, etc.
- Intentional culture celebrations and social outings
The Fixed Income Sales & Trading Analyst will join a veteran team that operates in a dynamic sales and trading environment. This person will work closely with trading, sales and operations professionals to assist in the analysis, evaluation, origination, trading and settlement of a wide variety of fixed-income securities including federal agencies, money markets, U.S. Treasuries, corporates, supra national, MBS, ABS and municipals.
The ideal candidate is a professional with desk experience, who has been a sales or trading assistant in Rates, Corporates or Structured Products and is looking to grow into a junior trade or salesperson. However, we will also consider hungry, driven recent graduates who have a passion for the markets and a strong desire to work hard and learn. This person will work directly with senior salespeople and traders to effectively cover institutional clients. This role is best suited for someone interested in pursuing a career within Fixed Income sales or trading, and who wants a front row seat alongside seasoned professionals for a hands-on apprenticeship in learning the business. Our two-year analyst program training is anticipated to lead to a profession level position in either fixed-income sales or fixed-income trading based on candidate's strengths and aptitude.
Essential Responsibilities:
- A willingness to learn the client workflow for direct execution across Credit and Rates markets, from generating trade idea through settlement of trade
- Manage the organization and distribution of inventory and client data related spreadsheets
- Produce and maintain proprietary spreadsheet and database applications to help manage the organization and distribution of market and client data
- Desire to learn the business from the ground up, including product knowledge, operational execution and compliance rules
- An ability to maintain and build valuable and trusted relationships with team members and clients
- Become proficient with industry-wide and proprietary electronic trading and research platforms
- Assist the trading staff on marketing, updating and executing positions, both electronic and voice
- Provide administrative and clerical support including the set-up and maintenance of customer files
- Learn about our client base and assist senior salespeople with prospecting, relationship management, cross selling in addition to responding to client inquiries
- Become proficient with industry-wide and proprietary electronic trading and research platforms
- Project work to benefit the sales and/or trading function as a whole
Required Qualifications:
- Undergraduate degree with excellent academic credentials
- A self-motivated individual that can work both independently and within a team structure
- An entrepreneurial spirit, a strong aptitude for solving problems, tenacious, resourceful
- Very strong Excel skills and strong Word, database and PowerPoint skills.
- A basic understanding of credit and rate products and macroeconomic fundamentals
- The ability to thrive in an open-outcry environment (noisy, lack of privacy, potentially stressful)
- Strong time management, communication, and organization skills
- Detail-oriented
- A desire to outperform goals
Candidates will be required to make rapid progress toward completion of the FINRA Series 7 and Series 63 licenses if they don't already possess them
Preferred Qualifications:
- Financial modeling experience
- VBA proficiency
- Series 7 and 63
- 1-2 years' experience in finance/economics
- Analyst training classes
Salary Expectations:
Base salary is initially expected to be $70,000-80,000, eligible for discretionary bonus. Flexibility will be given for candidates with experience.
Location: New York, NY
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.
Please do not contact employees of the firm directly regarding open positions.
