Director, Fixed Income Municipal Bond Trading

Director, Fixed Income Municipal Bond Trading

The Director of Fixed Income Municipal Bond Trading is responsible for leading trading strategy, risk management, and revenue generation in the fixed income municipal bond sector. This role requires a minimum of 12 years of relevant experience and a Bachelor's degree in Finance or a related field. Candidates must possess strong leadership skills and a deep understanding of fixed income instruments and market dynamics.

The responsibilities for this role are below; you may support projects of varying complexity based on skill and organizational priorities.

• Set Trading Strategy for your asset class, aligning execution with market conditions, client objectives, and departmental revenue goals.
• Monitor Risk and Positions across the trading desk, ensuring adherence to policy limits and optimizing profitability.
• Lead and Develop Talent by mentoring junior traders, providing performance feedback, and fostering career growth opportunities.
• Collaborate with Internal Partners including Compliance, Risk Management, and senior leadership to ensure operational integrity and strategic alignment.
• Execute Trades in support of Institutional and Retail Sales representatives, maintaining precision and timeliness.
• Generate Revenue Ideas by delivering actionable trade recommendations and market insights to Sales teams.
• Maintain Broker Relationships with national and regional dealers to enhance liquidity and market access.
• Ensure Regulatory Compliance through timely reporting and adherence to all applicable regulations.
• Provide Product Expertise via formal training sessions and daily collaboration with Sales teams.
• Represent Fifth Third as a thought leader in fixed income markets through client engagement and industry forums.

MINIMUM REQUIREMENTS:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 12 years of experience in Banking, Investment Banking, M&A, or Capital Markets (strong Analyst performance required for internal promotion).
• Securities Industry Essentials (SIE), Series 7, and Series 63 licenses (or ability to obtain within company policy).
• Series 24 preferred.

REQUIRED SKILLS:

Qualified candidates will bring professional proficiency, generally acquired through 10 years of relevant work or internship experience in finance, accounting, or a related field.

• Deep expertise in fixed income instruments, market dynamics, and trading strategies.
• Advanced proficiency in Bloomberg and trade processing systems.
• Strong risk management and regulatory compliance knowledge.
• Exceptional leadership and team development capabilities.
• Proven ability to influence senior stakeholders and drive strategic outcomes.
• Excellent communication and relationship-building skills with internal and external partners.

SKILLS FOR SUCCESS:

Successful candidates will demonstrate a higher degree of proficiency (typically from 10 years of practical experience or advanced academic exposure) across the following areas:

• Strategic Leadership – Shape trading strategy and anticipate market trends to maintain competitive advantage.
• Operational Excellence – Ensure flawless execution and compliance across all trading activities.
• Revenue Growth – Drive profitability through innovative trade ideas and client engagement.
• Talent Development – Build organizational capability through mentorship and succession planning.

DOING THE RIGHT THING:

Our employees take pride in doing the right thing for customers and colleagues as well as being accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures that protect all our valuable assets —including you.