KeyBank

Managing Director Trader, Competitive Underwriter

KeyBank • $165K — $345K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree required; MBA preferred.
  • 7+ years of experience in fixed income trading required.
  • CPA or CFA certification preferred.
  • Extensive knowledge of capital markets and trading dynamics.
  • Strong quantitative and analytical skills.

Responsibilities

  • Manage and protect P&L in varying market conditions.
  • Engage investors via multiple channels including in-person and virtual meetings.
  • Ensure counterparties are approved before executing trades.
  • Collaborate with the Sales team to enhance investor relationships.
  • Proactively seek riskless business opportunities.
  • Develop strategies for promoting the trading platform and improving internal relationships.
  • Mentor junior traders and help integrate new team members.

Benefits

  • Hybrid work environment with a focus on in-office presence.
  • Opportunities for professional development.
  • Flexible work options in mobile-friendly roles.
Full Job Description
Location:
1301 Avenue of the Americas, New York New York

Job Summary
A Managing Director "MD" Trader, Competitive Underwriter for Institutional Fixed Income within KeyBanc Capital Markets ("KBCM") is the highest level individual contributor trading professional on the fixed income platform. This individual will be responsible for managing their profit and loss statement (P&L) across the platform, executing against the greater KBCM strategy while adhering to risk mitigation standards to ensure that trading activity is appropriate given any market condition.

Essential Functions
  • Manages P&L effectively - preserves and protects P&L in any market environment - has the ability to keep positions light if necessary
  • Engage investors through all available channels; in person, on zoom, or by phone
  • Ensure that all counterparties are approved before executing a trade
  • Partner closely with the Sales organization to expand investor relationships through every product channel
  • Always seeks to gain riskless business in a dynamic trading environment
  • Strategizes and seeks creative solutions to promote the platform and strengthen/deepen relationships, both internally
  • Exercises a pragmatic approach to inventory management
  • Communicates timely and relevant data to the internal constituents
  • Stays connected to the salesforce and customers through any market movement
  • Partner with other areas within Key to develop junior traders and new members to the platform
  • Act as a strategic partner to issuer clients (if appropriate) and/or banking groups, allowing for deals to be accurately and competitively priced.
  • Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
  • Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.


Education
  • Bachelor's Degree or equivalent experience (preferred)
  • Master's Degree in Business Administration (MBA) (preferred)


Work Experience
  • 7+ years of fixed income trading (required)


Licenses and Certifications
  • Certified Public Accountant (CPA) (preferred) or
  • Chartered Financial Analyst (CFA) (preferred)


Skills
  • Extensive knowledge of capital markets and the dynamic trading environment
  • Understands the nuances of the market - ability to navigate and persevere in a challenging trading environment to generate revenue
  • Strong quantitative/analytical capabilities - candidate will be required to create and monitor metrics related to risk, capital allocation, and trading performance
  • Deep understanding of trade positions within designated sectors
  • Ability to liaise with an internal salesforce and external clients
  • Extensive knowledge of electronic trading platforms (preferred)
  • Develops and executes trading strategies aligned with broader financial goals
  • Designs and applies approaches to optimize trading performance
  • Executes trades and manages positions in fixed income securities
  • Oversees investment positions and risk exposure across the platform
  • Interprets financial data to inform trading decisions
  • Executes trades in compliance with market regulations and firm strategy
  • Utilizes and manages trading infrastructure for efficient execution
  • Evaluates investment opportunities and risks
  • Understands equity market dynamics and their impact on fixed income


Core Competencies
  • All KeyBank employees are expected to demonstrate Key's Values and abide by Key's Code of Conduct.


Physical Demands
  • General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.


Travel
  • Occasional travel to include overnight stay.


Work Location Category

  • Hybrid (Sales)


COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $165,000.00 - $345,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 09/30/2026

About KeyBank

Shockingly, nearly 9-in-10 people who get their real estate license in America fail. We're solving that problem; And doing it while increasing profitability for the brokerage. Through technology, business automation, and a team approach we have created a system where agents focus solely on working with clients and closing deals.

KeyBank Careers

Joining KeyBank means stepping into a world of professional growth and innovation, where job opportunities abound in an environment that values leadership, diversity, and forward-thinking. As a member of our team, you will be part of a company that's committed to empowering your career journey while contributing to the financial wellness of our communities.

Work You'll Do

At KeyBank, we're not just in the business of banking; we're in the business of helping individuals and communities thrive. By joining our team, you will have the chance to be part of a culture that celebrates diversity and fosters leadership and professional development. Whether you're looking for a position in customer service, IT, finance, or management, KeyBank offers a variety of roles suited to your skills and career aspirations.

Innovate and Lead

KeyBank stands at the intersection of finance and innovation. Our employees are encouraged to lead with creativity and integrity, driving solutions that make a real difference. With a focus on digital transformation and sustainable growth, your work at KeyBank will challenge the status quo and encourage you to explore new ideas.

Grow Your Career

Career growth at KeyBank is not just a possibility—it's a priority. We are dedicated to your professional development through comprehensive training programs, leadership workshops, and continuous learning opportunities. Our commitment to your growth is matched by our dedication to inclusion, ensuring all voices are heard and valued.

Be Part of a Great Team

Our team at KeyBank is our strongest asset. We believe in using our collective skills to foster an environment of innovation and collaboration. Join us and connect with colleagues who are just as passionate and driven as you are. Through teamwork, we achieve exceptional results and push the boundaries of what's possible in the banking sector.

Internship and Employment Opportunities

For those starting their careers, KeyBank offers robust internship and employment opportunities that provide a solid foundation in the financial industry. Interns at KeyBank gain hands-on experience, beneficial networking connections, and insights into our day-to-day operations, setting the stage for a successful career.

Benefits and Culture

KeyBank is committed to offering benefits that enhance your life and well-being. From healthcare to retirement plans, and flexible working conditions, we ensure our employees are well taken care of. More than just benefits, our company culture is built on respect, integrity, and accountability—values that guide us in making a positive impact on our clients and communities.

Join Our Team

Explore the job opportunities at KeyBank and find the right fit for your skills and interests. We are continuously hiring and looking for individuals who are curious, innovative, and ready to make a difference. Prepare your resume, ace your interview, and join a team that's dedicated to your success and to transforming the landscape of banking.

Stay Connected

Keep up to date with the latest career tips, industry insights, and company news by following our careers blog. Personalize your experience by subscribing to job alert emails tailored to your preferences, and discover the exciting and rewarding career opportunities that await at KeyBank.

Search KeyBank Jobs

Ready to take the next step in your career? Search open positions at KeyBank that match your skills and interests. We look for passionate, creative, and solution-driven team players who are ready to grow and succeed in a dynamic and supportive environment.

SEARCH KEYBANK JOBS

Join KeyBank and be part of a company where your career is as important to us as it is to you. Together, let's unlock opportunities for growth, innovation, and meaningful impact in the financial world.
Learn more about KeyBank
Size
17,110 employees
Market Cap
$16 billion
Industry
Finance & Insurance
Net Income
$1.3 billion
Founded
1825
5 Year Trend
+5.6%
NASDAQ
KEY
* Ladders Estimates

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