About this role
Job title: Fixed Income Trader
About the Role The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. This role requires close monitoring of market conditions, disciplined management of order flow, and effective communication of pricing and market developments to portfolio managers and key stakeholders.
What You'll Do
- 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
What We're Looking For
- College or university degree (preferred)
- 3-5 years of 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
- 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
Nice to Have
- Series 53 license (preferred)
- Cross-product collaboration experience
Compensation & Benefits
- Salary range: 116,100 to 156,700 USD
- Salary type: yearly
- 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