Fixed Income Trader

Fixed Income Trader

The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement.

The role requires close monitoring of market conditions, disciplined management of order flow, and effective communication of relevant pricing and market developments to portfolio managers and key stakeholders.

Major Duties:

• Executes fixed income trades while minimizing market impact and transaction costs.
• Ensures fair, timely, and unbiased trade execution.
• Partners with clients and internal stakeholders on investment ideas and strategy implementation.
• Communicates market developments and pricing impacts to portfolio managers and other stakeholders.
• Ensures accurate and timely trade settlement in accordance with established controls.
• Maintains relationships with counterparties to support trading execution and liquidity management.
• Responds promptly to client, portfolio management, and internal partner inquiries.
• Maintains knowledge of applicable regulations, industry practices, and trading requirements.
• Adheres to trading procedures, risk controls, and governance standards.

Qualifications:

• Preferred: College or University degree.
• 3-5 yrs prior experience in fixed income trading or a closely related trading role.
• Strong knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment, and relevant securities laws, typically acquired through on-the-job experience and/or completion of a four-year degree, to support effective fixed income trade execution.
• Demonstrated ability to assess market events, exercise sound judgment, and make timely decisions in dynamic market conditions.

Preferred Qualifications:

• FINRA Securities Licenses 7, 52, and 63 required; Series 53 is a plus.
• Versatility across multiple fixed income products, supporting broader market insight and cross-product collaboration.

Salary Range:

116,100 to 156,700 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with.