Careers

Penserra is a diversified financial services firm offering global equity trading, fixed income trading, investment banking, ETF Sub-advising, and global equity management to some of the largest and most sophisticated institutions in the country. Our firm holds to the conviction that there is a better way for a financial services firm to create value. Powered by our people and innovation, Penserra strives to provide its clients with superior service and exceptional results. Our people are what makes our mission possible and why we are dedicated to creating an inclusive and diverse culture where all our colleagues feel welcomed and valued.

The ideal candidate would incorporate into his or her work ethic the principles of The Penserra Mindset, a set of corporate culture initiatives established to promote a positive work environment and prioritize client relationships. The Mindset pillars foster respect for colleagues, recognition of employee accomplishments and investment in learning opportunities.

Functional Title:         Fixed Income Salesperson

Corporate Title:          Vice President (or higher)

Assignment:                Full Time (Permanent)  

Location:                    Chicago, IL / New York, NY / San Francisco Bay Area, CA     

Position Summary:

The Fixed Income Group’s current business includes corporate bonds (secondary and new issue placement), Money Markets, CP/DN’s Agency securities (secondary and underwritten as FHLB an.d FNMA approved dealer), MBS, CMBS (agency and private label), Municipal (secondary trading), High Yield and Emerging Market. Individual and team applications welcome.

Essential Duties and Responsibilities:

  • Strengthen existing relationships while maximizing revenue.
  • Create new client relationships.
  • Effectively use tools such as Bloomberg for analytics, research and communication.
  • Keep market-making traders abreast of the relevant issues with their clients.
  • Responsible for executing trading assignments and single security orders in accordance with agreed upon instructions from the firm.
  • Ability to create, maintain and unwind various hedging strategies using multiple methods alongside program trading assignments.
  • Take ownership for regional best execution responsibilities and ongoing counterparty execution quality and analysis.
  • Understand, comply and implement necessary regulatory responsibilities for portfolio execution.
  • Send trade confirms and assist with trade settlement for account.
  • Work with trading and compliance to create and maintain procedures and documentation for operations best practices.

Requirements:

Schedule/Location:

  • Chicago, IL
  • New York, NY
  • Orinda, CA

Required Education:  An associate or undergraduate bachelor’s degree in Business, Finance, Economics or related discipline with a strong academic record.

Compensation/Benefits:

  • Compensation – Commission only
  • Medical/dental/vision/life benefits
  • 401k with matching

Required Licenses or Certifications:

  • Series 7
  • Series 63

Functional Title: ETF Portfolio Manager

Corporate Title: Associate/VP

Assignment: Full Time (Permanent)

Description:

Penserra’s Asset Management team provides sub-advisory services to 3rd party ETFs. Penserra currently manages $6.5 billion in assets across a broad array of ETFs.

Qualifications:

  • Between 2 and 5 years of experience in the financial field preferred.
  • Strong computer skills: Microsoft Office (Excel, Word, Power Point, Outlook), Bloomberg skills preferred.
  • Experience in computer science/coding.
  • Strong analytical and quantitative skills.
  • Must have good problem-solving and critical thinking skills.
  • Ability to work independently and collaboratively.
  • Ability to work efficiently with the utmost attention to detail under stress.
  • Ability to manage and evaluate large sets of data across a variety of inputs.
  • Ability to multitask and prioritize assignments while producing high quality work in a demanding, fast-paced environment.
  • Excellent verbal and written communication and interpersonal skills.
  • Desirable:
    • Working knowledge of index methodologies and portfolio construction.
    • Working knowledge of capital markets and portfolio management theory.
    • Familiarity with indexing and exchange traded funds.

Responsibilities:

  • Manage all aspects of ETF portfolios including index changes, corporate actions, cash management, and basket creation; ensure that portfolios track within performance expectations.
  • Responsible for the daily reconciliation of the fund versus both the index and accounting holdings.
  • Manage index provider relationships and responsible for accurate implementation of index methodology best practices.
  • Use various investment vehicles and trading strategies to meet a desired investment objective.
  • Attribute fund performance and understand sources of portfolio risk relative to the benchmark.
  • Acquire & apply new skills to improve fund performance and internal processes.
  • Assist in service offerings and client support.
  • Use market experience and knowledge to improve systems and investment processes along with providing detailed documentation.
  • Support senior management with ad-hoc requests.

Schedule/Location:

  • Orinda, CA
  • Market Hours

Compensation:

  • Salary $75,000 to $115,000 (Dependent upon experience)
  • As a Penserra employee, your benefits include Medical, Dental, Vision, Long-Term Disability and Life insurance, along with a 401(k) plan with match.
  • Financial field (operations or fund accounting) 2 to 5 years

Required Education:

  • Bachelor’s degree in finance, economics, or related field.
  • Graduate degree or CFA (preferred or willing to work towards).

Required experience:

  • Financial field (operations or fund accounting) 2 to 5 years

Functional Title:         Equity Exchange Fellow

Corporate Title:          Associate

Assignment:               Full Time

Location:                    Chicago, IL

Position Summary:

This position is part of Penserra’s Corporate Fellowship in Finance (“CFF” or Fellowship). The one-year CFF program offers a paid, full-time fellowship held in select Penserra offices. We are seeking graduates who have completed their associate or undergraduate business degree within the past six months, including, without limitation, Latinx students, who are interested in exploring career opportunities within the financial services industry. Our ideal candidates are dynamic individuals from diverse backgrounds and perspectives to help us grow and position our businesses and industry for the future.

Essential Duties and Responsibilities (including but not limited to):

  • Check option prints against stock prints.
  • Allocate trades.
  • Assist with trade tickets.
  • General administrative tasks.
  • Ability to work independently and collaboratively.
  • Ability to multitask and manage deadlines.
  • Ability to work efficiently with the utmost attention to detail.
  • Ability to manage and evaluate large sets of data across a variety of inputs.
  • Strong communication skills both written and verbal.
  • Proficient knowledge of Excel with a solid overall familiarity with technology and systems (including Word and PowerPoint)
  • Opportunity to participate in and take part in client meetings and business development.
  • Involvement in additional trading related activity.

Requirements:

  • Ability to work independently and collaboratively.
  • Ability to multitask and manage deadlines.
  • Ability to work efficiently with the utmost attention to detail.
  • Ability to manage and evaluate large sets of data across a variety of inputs.
  • Organized, motivated, reliable and flexible self-starter
  • Strong communication skills both written and verbal.
  • Proficient knowledge of Excel with a solid overall familiarity with technology and systems (including Word and PowerPoint)

Location:  Chicago, IL

Required Education:

  • An associate or undergraduate bachelor’s degree in Business, Finance, Economics or related discipline with a strong academic record.

Required License or Certification: None

Compensation/Benefits:

  • Hourly or Salary range $60,000 to $65,000/dependent on experience
  • Medical/dental/vision/life benefits
  • 401k with matching

Contact: careers@penserra.com

Penserra is an equal opportunity employer. It complies with all laws and regulations that prohibit discrimination in employment practice because of race, color, religion, creed, ancestry, marital status, gender, age, national origin, sexual orientation, discharge from the military service or based on a physical or mental disability that is unrelated to the employee’s ability to perform the duties of the job applied for.