Emerging Markets Fixed Income Trader

## Emerging Markets Fixed Income Trader Apply:
Baltimore, MD:
Full time:
Posted Today:
84282

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.
** Role Summary
** The Emerging Markets Fixed Income Trader executes sovereign and corporate credit, local currency rates, and foreign exchange transactions for dedicated emerging markets strategies and for the emerging markets allocations within global and multi-sector portfolios. The trader will build counter party relationships and contributes market insight to portfolio construction discussions. Traders here work as members of the investment team. Liquidity in emerging markets is uneven across countries and instruments, and market access rules vary by jurisdiction, so implementation decisions carry more weight than in developed markets.

** Responsibilities
* *** Execution:
*** Execute across the emerging markets instrument set, including hard currency sovereign and quasi-sovereign bonds, emerging markets corporate credit in investment grade and high yield, local currency government bonds and bills, foreign exchange in spot, forwards and non-deliverable forwards, interest rate and cross-currency swaps, and credit default swaps in single name and index form.
* Select the execution approach for each order from voice negotiation, request for quote, all-to-all protocols, and list or portfolio trades, based on size, liquidity conditions, and the portfolio manager’s urgency and price constraints.
* Manage execution across time zones and local market hours, including onshore and offshore access routes, restricted market documentation, holiday calendars, and settlement conventions that differ by market.
* Exercise judgment on when to work an order over time, when to source risk in size, and when to advise the portfolio manager that the intended trade is not achievable at an acceptable cost.
** Portfolio implementation:
*** Partner with portfolio managers and research analysts to translate country, curve, and issuer views into implementable trade structures across rates, credit, and currency.
* Manage cash and currency positioning for emerging markets strategies, including subscription and redemption flows, coupon and maturity proceeds, currency hedges, and settlement mismatches between local bond markets and fund-level cash.
* Allocate trades across accounts in line with firm policy, maintain target exposures consistent with portfolio guidelines, and resolve settlement and documentation issues with operations and counter parties.
** Market intelligence and counter party coverage:
*** Provide portfolio managers and analysts with market color on positioning, dealer inventory, new issue supply and concessions, index events, and shifts in liquidity by country and instrument.
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