Overview: The Senior Fixed Income Trader will support the management and trading of taxable investment grade portfolios with an emphasis on enhanced cash, and money market portfolios. The individual will assist senior portfolio managers in executing investment strategies across a broad range of high-quality fixed income instruments, with a primary focus on liquidity management, capital preservation, and income generation.
This role offers significant exposure to institutional portfolio management, security analysis, trading, market surveillance, risk management, and client-driven investment solutions. The successful candidate will develop expertise in money markets, short-duration credit, government securities, agency securities, corporate bonds, commercial paper, asset-backed securities, floating-rate instruments, and other liquidity-focused investments.
Primary Responsibilities:Trading & Portfolio Management- Execute trades across a broad range of fixed income instruments, including U.S. Treasury securities, Treasury bills, agency discount notes, agency debentures, commercial paper, corporate bonds, asset-backed securities, floating-rate notes, repurchase agreements (repo), and other cash-equivalent investments.
- Support portfolio managers in the implementation of enhanced cash and short-duration investment strategies.
- Conduct relative value analysis across sectors, issuers, and maturities to identify investment opportunities.
- Evaluate market conditions and recommend strategies to enhance portfolio yield while maintaining established risk parameters.
- Assist in monitoring portfolio positioning, liquidity, and performance.
Market & Economic Monitoring: - Monitor and analyze interest rate markets, Federal Reserve policy, yield curve dynamics, money market conditions, credit spreads, funding markets, and other economic factors to assess market trends and support portfolio investment decisions.
Operations & Trade Support: - Support fixed income trading activities by assisting with trade execution and settlement oversight, coordinating with broker-dealers, and managing and coordinating communications with syndication desks for new issue corporate bonds.
- Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
- Promote an environment that supports belonging and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned.
Education and Experience Required:Bachelor's degree in Finance, Economics, Accounting, Mathematics, Business or a related field and a minimum of 2 years' fixed income trading experience, or in lieu of a degree, a combined minimum of 6 years' higher education and/or work experience, including a minimum of 2 years' fixed income trading experience.
Education and Experience Preferred:- 2 years' experience in Fixed Income, Treasury Management, Capital Markets, Banking, Asset Management and/or Investment Operations.
- Progress toward CFA designation.
- Experience with Bloomberg Terminal.
- Exposure to fixed income analytics platforms.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $68,400.00 - $114,000.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location:Wilmington, Delaware, United States of America
