Northern Trust

Fixed Income Trader

Northern Trust$116K — $156K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in fixed income trading
  • FINRA Securities Licenses 7, 52, and 63 required; Series 53 preferred
  • Bachelor's degree in finance, economics, or a related field
  • Strong understanding of investment terminology and market structures
  • Ability to make quick decisions in response to market events

Responsibilities

  • Execute fixed income trades with minimal market impact
  • Ensure fair and equitable trade executions
  • Engage with clients for idea generation and strategy implementation
  • Inform portfolio managers of relevant securities price information
  • Ensure proper settlement of trades
  • Maintain communication with market counterparties
  • Respond to inquiries from clients and partners

Benefits

  • 401k and pension retirement benefits
  • Comprehensive health and welfare benefits including medical, dental, and vision
  • Paid time off and parental/caregiver leave
  • Life and accident insurance
  • Discretionary bonus program with potential equity component
Full Job Description
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.


#LI-MG1

#Hybrid

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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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