About the role
Tidal is seeking a highly skilled Trading Associate to support the implementation and day-to-day management of multiple ETF portfolios, with a particular emphasis on fixed income trading, cash positioning, and collateral management. The ETF Portfolio Management team provides portfolio management and execution services for ETF issuers across active and index-based strategies covering major global asset classes.
This hands-on role spans the full trade lifecycle, including execution support, trade allocation, settlement, reconciliation, cash forecasting, collateral monitoring, fund rebalances, new fund launches, and custom in-kind baskets. The ideal candidate brings meaningful fixed income trading experience, strong analytical and operational judgment, and proficiency with Bloomberg or comparable institutional trading platforms.
What you'll do
Trading and Portfolio Management
- Assist traders with executing and managing fixed income and equity transactions, with a strong emphasis on fixed income markets.
- Use Bloomberg, order management systems, and other institutional platforms to support efficient trade execution and portfolio oversight.
- Support portfolio rebalances, new fund launches, and custom in-kind baskets, with the expectation of independently managing these responsibilities over time.
- Work closely with prime brokers, market makers, custodians, and other counterparties to support best execution and improve fund efficiency.
- Monitor market trends, economic developments, portfolio positioning, and performance relative to fund objectives and direct competitors.
- Build strong working relationships with internal teams and external stakeholders, and perform additional duties as assigned.
- Perform daily trading operations, including trade allocation, settlement monitoring, and reconciliation across fixed income and equity activity.
Cash and Collateral Management
- Prepare and distribute daily cash position reports for assigned ETF portfolios.
- Monitor inflows and outflows, investigate exceptions or variances, and communicate cash movements to internal and external stakeholders.
- Track account balances and forecast liquidity needs to maintain appropriate cash and collateral coverage.
- Coordinate collateral and margin activity with counterparties and support the timely movement or return of excess cash and collateral.
- Use Bloomberg and counterparty portals to gather information, investigate breaks, and resolve discrepancies.
Qualifications
- Bachelor's degree in business, finance, economics, a quantitative discipline, or equivalent relevant experience.
- At least 3 years of experience in institutional trading, portfolio operations, treasury, or cash management, including demonstrated fixed income trading experience.
- Institutional or registered investment adviser trading experience.
- Proficiency with Bloomberg or a comparable institutional trading platform.
- Strong understanding of financial markets, trading strategies, trade settlement, reconciliation, and collateral processes.
- Advanced proficiency in Microsoft Excel and working knowledge of the Microsoft Office suite.
- Strong analytical, communication, and complex problem-solving skills.
- Ability to manage deadlines, maintain attention to detail, and perform effectively in a fast-paced environment.
Preferred Qualifications
- Experience with trading platforms, order management systems, and post-trade processing.
- Knowledge of cash forecasting, reconciliation, margin, and collateral-management processes.
- Experience working for a firm that manages investment companies registered under the Investment Company Act of 1940.
- Familiarity with regulatory requirements related to trading activities.
- Proximity to Chicago or Omaha preferred