Macquarie Asset Management’s Public Investments division traces its roots to 1929 and partners with institutional and individual clients to deliver specialist active investment capabilities across global equities, fixed income and multi-asset solutions. In the United States, retail investors recognize our Delaware Funds® by Macquarie family of funds as one of the oldest mutual fund families.
As an ETF Capital Markets Specialist, you will focus on cross asset active Exchange Traded Fund (ETF) issuance that is authentic to our firm. You will be based in our New York or Philadelphia office and will monitor and work with sell side capital markets teams to promote product understanding, liquidity, and pricing. You will be the central point of contact with Authorized Participants (AP), Lead Market Makers (LMM), and Market Makers (MM) for ETF related activity such as AP agreements, seeding and thought leadership. Additionally, you will work with internal sales teams as a client specialist for ETF related implementation and execution questions and manage all aspects of the create redeem process.
Your Responsibilities will include:
Working knowledge of AP and MM’s relationship with asset managers including but not limited to AP agreements, primary order management, risk pricing, seeding.
Educating market participants on products, their valuation, construction, and trading.
Analyzing primary and secondary markets to develop understanding of the trading and valuation of our ETFs.
Assisting in the launch of new products, ensuring strong execution and stakeholder management.
Managing create redeem process with APs
Acting as external consultant for clients to drive understanding of the mechanics of the ETF structure, how they are utilized in a portfolio and how to facilitate and execute trades.
Managing RIA / custodial execution desk relationships to support key registered investment advisor clients with their ETF trading and liquidity needs.
Guiding clients via on-screen liquidity regarding secondary market (average daily volume, bid-offer spreads, or available trade sizes).
Guiding clients to source liquidity providers manually (in the event there is minimal on-screen liquidity available)
Guiding clients via primary market liquidity (ease of trading the ETF’s underlying securities and the costs of creating and redeeming the ETF)
Your background will include:
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than $A795.6/$US508.9/£455.9/ €519.4 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including fixed income, equities, multi-asset solutions, private credit, infrastructure, renewables, natural assets, real estate and transportation finance.
All figures as at 30 September 2022
Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of ‘empowering people to innovate and invest for a better future’, we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment of individuals who are minorities, women, protected veterans, and individuals with disabilities.
We equip our people with the support to work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.
Salary range for this position: $110000 - $180000/Year. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, peer and market data, prior performance, business sector, and geographic location. You may also be eligible for an annual discretionary incentive compensation award. We offer a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.
Backup child care
Unconscious bias training
Remote work policy
Part time policy
Short term disability
Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. The diversity of our operations, combined with a strong capital position and robust risk management framework, has contributed to over 51-years of unbroken profitability. Our people are empowered to address unmet needs within our communities, advising and investing alongside clients and partners. We bring specialist, global expertise in areas such as infrastructure, energy, technology and commodities.