Market Associate Job at Franklin Templeton Investments
Franklin Templeton Investments San Mateo, CA 94403
$75,000 - $117,000 a year
At Franklin Templeton, everything we do is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 9,500 employees working in 30 countries around the world are dedicated to servicing investment solutions for our clients in more than 155 countries. For more than 75 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
With $15B of ETF assets globally, Franklin Templeton is looking to expand with a newly created position of ETFs Capital Markets Associate to join the Global ETF group based in San Mateo, CA. The ETF Capital Markets Associate will help manage the relationships with all liquidity providers, including Authorized Participants (APs), market makers, and broker dealers, for both primary and secondary market ETF activities. This individual will also work directly with both internal sales and clients to answer any of their ETF-related questions.
What are the ongoing responsibilities of the ETFs Capital Markets Associate?
Liquidity Provider Relationship Management:
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Support the success of Franklin US-listed and Canadian-listed ETFs by ensuring the ease of trading and executing on the primary and the secondary market by all participants.
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Primary market
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Oversee smooth create and redeem engagement with Franklin ETFs.
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Facilitate acquisition of seed money and lead market makers.
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Partner with Portfolio Management and Trading to ensure a smooth process with APs.
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Secondary market
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Work with APs and market makers to ensure that the ETF is trading as efficiently as possible in the secondary market. The goal is to reduce total execution cost through tighter spreads, smaller premium/discounts, and increased market depth.
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Train APs & market makers in all product details to allow them to accurately hedge, value and transact in Franklin LibertyShares ETFs.
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Closely monitor spreads, quotes and trades.
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Translate market trading insights and client needs into the new product process in partnership with Products, Sales, Marketing, Portfolio Management, & Model Research.
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Support sales efforts within the broker dealers (b/d) channel to ensure Franklin ETFs are top of mind for their clients who use ETFs.
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Utilize constant monitoring of flows, volumes, and market conditions to provide actionable market insights and trade ideas.
Client Execution:
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Provide customized services to help clients have a positive experience trading, both on their purchases and sales of Franklin ETFs:
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After deciphering a client’s investment objective, advises trading strategies on the primary or secondary market, leveraging expertise of the product, markets, liquidity, and relationships with brokers/dealers.
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Provide insights on competing exposure choices and trade-offs.
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Run pre- and post-trade analytics, focused on cost, liquidity, and order strategy.
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Articulate product knowledge beyond trading fundamentals with the ability to clearly explain product models, index methodologies, and portfolio management decisions.
What ideal qualifications, skills & experience would help someone to be successful?
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2-5 years of ETF capital markets industry experience or related finance industry experience.
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BA Required, MBA, CFA or advanced degree in related field preferred.
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Highly motivated, proactive, self-starter and team player.
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Ability to learn quickly and communicate ETF knowledge. Comfortable delivering ETF knowledge to clients acting as an institutional salesperson.
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Strong interpersonal and partnering skills to help build and maintain relationships across all major liquidity providers and external industry contacts.
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Effective relationship management skills and credibility with the investment and distribution teams
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Strong technical skills and understanding of US market structure.
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Ability to oversee and coordinate multiple tasks in a fast-paced environment.
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Ability to support business development and client retention efforts.
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Proficient in Bloomberg, Excel, and PowerPoint.
#LI-Hybrid
Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. The salary, benefits and variable rewards will reflect the seniority of the position and a competitive market rate. We expect the annual salary for this position to range between $75,000 to $117,000, in addition to a competitive bonus.
What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of
Total Rewards
—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results. .
Highlights of our benefits include:
- Three weeks paid time off the first year
- Medical, dental and vision insurance
- 401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
- Employee Stock Investment Program
- Tuition Assistance Program
- Purchase of company funds with no sales charge
- Onsite fitness center and recreation center
- Onsite cafeteria
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and
supporting our communities
. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at
Franklin Templeton Careers
to learn more about our company, career opportunities and recruitment process.
Franklin Templeton is committed to fostering a
diverse and inclusive
environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to
accommodations@FranklinTempleton.com
. In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.
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