Northwestern Mutual

Cash / Commercial Paper Trader

Northwestern Mutual$100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Finance, Economics or related field.
  • Experience with commercial paper, repo markets, and money market funds.
  • Strong understanding of yield curves and Federal Reserve policy.
  • Proficiency in Bloomberg, Excel, or similar systems preferred.
  • Ability to work independently during high-pressure hours (6am-4pm CT).
  • Exceptional attention to detail and strong communication skills.
  • Desire to leverage technology and data for process improvement.

Responsibilities

  • Manage and trade NM's cash portfolios, ensuring daily liquidity and compliance.
  • Negotiate rates and manage lent collateral within the repo program.
  • Execute Treasury security and futures trades in line with portfolio managers' directives.
  • Monitor compliance with daily mark-to-market and counterparty limits.
  • Resolve settlement issues while optimizing yield and maintaining risk management.

Benefits

  • Collaborative work environment with opportunities for cross-functional partnering.
  • Access to advanced financial market data and trading systems.
  • Support for personal and professional growth through continuous learning.
  • Flexible working opportunities to encourage work-life balance.
Full Job Description
About the Job:

This role manages and trades NM's cash portfolios, ensuring daily liquidity, timely and accurate execution, and effective coordination across the daily cash trading cycle. Responsibilities include managing NM's repo program and trading Treasury securities and futures. The position works closely with the Cash Portfolio Manager, Middle Office, Investment Operations, Treasury, Accounting, and Portfolio Managers across Public Investments.

What You'll Do:
  • Cash Management: Invest and manage NM's cash portfolios daily within each mandate, including yield optimization, execution, allocation, compliance monitoring, liquidity management, and settlement issue resolution. Develop expertise in cash markets, including commercial paper, money market funds, and repo.
  • Repo Program: Negotiate rate and manage lent collateral with approved counterparties. Monitor compliance with daily mark-to-market and counterparty limits while maximizing income from the portfolio within prudent risk management parameters.
  • Treasury Securities and Futures Trading: Execute Treasury security and Treasury futures trades as directed by Portfolio Managers, ensuring timely, accurate execution aligned with broader interest rate strategy.


What You'll Bring to the Role:
  • Bachelor's Degree in Finance, Economics or related field.
  • Experience with commercial paper and repo markets, money market funds, and a strong understanding of yield curves and Federal Reserve policy.
  • Must be able to meet the time requirements of the role, which generally entails the working hours of 6am-4pm CT.
  • Experience with Bloomberg, Excel, or similar systems desired.
  • Ability to work independently and calmly in a deadline-driven daily cycle. Strong collaboration skills across teams and ability to build strong working relationships with internal and external business partners.
  • Exceptional attention to detail, reliability, and strong oral and written communication skills.
  • Desire and ability to improve processes while leveraging technology and data.


Skills You Will Have:
  • Accountability: Holds self and their direct reports accountable for measurable, high-quality, timely, and cost-effective results, delivery, and execution. Determines objectives, sets priorities, delegates work to direct reports, and accepts responsibility for mistakes.
  • Attention to Detail: Focuses on specific details to spot and correct errors in advance of them being found and surpass quality expectations. Performs work with thorough proofreading for presentation, content, accuracy, and overall quality.
  • Cross Functional Partnering & Planning: Facilitates collaboration, communication, coordination, and planning with individuals and teams from different functions within the organization, and who have different areas of expertise, to achieve common goals.
  • Financial Market Monitoring: Consistently tracks and analyzes financial market data and news, evaluates trends and events that may impact investment portfolios or financial decisions, and makes informed decisions based on this information. Stays up to date on economic indicators, market news, and global events, and understands how they relate to investment opportunities and risks.
  • Storytelling through Data: Communicates insights and opportunities from a dataset, using narratives, visualizations, and analysis.


#LI-Hybrid

Compensation Range:

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed.

About Northwestern Mutual

Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to millions with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages billion of dollars of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).

Northwestern Mutual Careers

Joining Northwestern Mutual presents a unique opportunity to be part of a team that is dedicated to empowering personal and professional growth, innovation, and leadership in the financial services industry. As a company renowned for its commitment to excellence and a culture that values diversity and inclusion, Northwestern Mutual offers unparalleled job opportunities for both seasoned professionals and those at the start of their careers.

Work You’ll Do

At Northwestern Mutual, we believe in building strong relationships not only with our clients but also among our team members. By joining our team, you will collaborate with some of the most talented professionals in the industry, all united in their commitment to leadership and innovation. Our employees are equipped with top-tier benefits and diversity training that ensure their career journey is both rewarding and inclusive.

Explore Professional Growth and Development

Northwestern Mutual is committed to fostering an environment where career growth is not just a possibility but a priority. With a variety of positions available, from financial representatives to internships for budding professionals, our company is a place where your skills and passion can thrive. We provide extensive training programs and leadership development opportunities that prepare you for success in your current role and beyond.

Innovative Work Environment

Our team at Northwestern Mutual is at the forefront of integrating cutting-edge technology and innovative financial strategies to provide exceptional service to our clients. This focus on innovation is not just about staying current; it's about leading the way in the financial sector. Employees at all levels are encouraged to contribute ideas and take initiative, driving the company forward as a leader in the financial industry.

Be Part of Our Diverse and Inclusive Team

Diversity and inclusion are more than just buzzwords at Northwestern Mutual; they are integral to our company culture and business strategy. We are committed to creating a workplace where all employees can flourish. Our diversity training programs are designed to enhance understanding and foster an inclusive environment for all team members.

Networking and Career Advancement

Networking within Northwestern Mutual opens doors to expansive career advancement opportunities. We encourage our employees to engage in internal networking events, which often lead to mentorship and further career development. Whether you are looking to enhance your resume, prepare for an interview, or step into a leadership role, Northwestern Mutual provides the resources and support to help you achieve your professional goals.

Join Our Team

Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the job opportunities and internships available at Northwestern Mutual and find out how you can contribute to our legacy of innovation and leadership.

Stay Connected

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SEARCH NORTHWESTERN MUTUAL JOBS

Join us and start your journey at Northwestern Mutual today, where your career is nurtured, your skills are honed, and your achievements are celebrated.
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7,000 employees
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