Trading Associate

About this role

About Bridgewater

Bridgewater Associates is a premier asset management firm focused on delivering unique insight and partnership for the most sophisticated global institutional investors.

Our investment process is driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting edge technology to validate and execute on timeless and universal investment principles.

Founded in 1975, we are a community of independent thinkers who share a commitment for excellence. By fostering a culture of openness, transparency, and inclusion, we strive to unlock the most complex questions in investment strategy, management, and corporate culture.

Explore more information about Bridgewater on our website here .

Our Culture

Our culture is tied to our mission, which is to understand how the world’s markets and economies work, and to translate that into world-class investment performance. This requires an extraordinary team, defined by the best individuals and the best portfolio of people, operating in an idea meritocracy . In this, we are uncompromising on our shared values of excellence, truth, integrity, humility, and courage. Our aspiration of a vibrant idea meritocracy requires diversity of thought – this comes from diversity of background, identity, experience, and so much more. We pursue inclusion because it’s how we unlock the power of that diversity and make sure the best ideas get heard. To sustain this way of being through lots of years and lots of circumstances, we invest in meaningful work and meaningful relationships – the purpose and joy that comes from tackling something challenging and worthy, alongside people who make us better versions of ourselves.

Explore more information about Bridgewater’s culture on our website here .

About the Investment Implementation Department

The Investment Implementation teams are responsible for accuracy, reliability, and efficiency across signal generation, portfolio construction, and trading execution. The Signals team is responsible for deeply understanding the data that flows from the outside world into Bridgewater's trading systems. Portfolio Generation is responsible for translating our market view into optimal portfolios, while focusing on risk and diversification. Trading Execution is responsible for implementing BW's views of the world, while minimizing transaction costs and information leakage. Collectively, these teams are responsible for the day-to-day of Bridgewater's front office.

About the Trading Execution Team

We are responsible for implementing the investment views of the world’s largest hedge fund while minimizing transaction costs and information leakage. We do this by constantly deepening our understanding of liquidity and market dynamics to develop systematic, non-discretionary trade execution strategies.

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.

Interested in learning more about working at Bridgewater? Hear about the experiences of some our employees here .

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

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