Position Summary:
Northern Trust Asset Management is seeking an experienced Investment Grade Bond Trader to join its Fixed Income Trading team. This role sits at the intersection of technology, markets, and portfolio implementation, partnering closely with Portfolio Managers and fellow traders to deliver liquidity, efficient execution, and investment outcomes across a broad range of client portfolios.
We are seeking a trader who views execution as a source of competitive advantage, leveraging market expertise, dealer relationships, technology, and data-driven insights to generate trading edge and improve investment outcomes. The successful candidate will be expected to challenge convention, uncover market opportunities, influence portfolio implementation decisions, and help shape the future of our trading platform through innovation, automation, and analytics.
The role offers broad exposure across ETFs, active and index strategies, institutional mandates, separately managed accounts (SMAs), and wealth management portfolios while contributing to the continued evolution of a technology-driven trading organization.
Duties and Responsibilities
· Execute primary and secondary market Investment Grade credit transactions across all sectors while delivering liquidity, efficient execution, and strong investment outcomes.
· Provide differentiated market insight and liquidity intelligence to support investment decisions and execution strategy.
· Develop and maintain strategic relationships with broker-dealers, platforms, and trading counterparties to source liquidity, identify opportunities, and achieve optimal execution.
· Provide real-time market intelligence, pricing insight, and liquidity assessment to support investment decision-making and portfolio construction.
· Deliver portfolio, market, and trading analysis to support client portfolios, investment initiatives, and business development efforts.
· Collaborate with technology, operations, compliance, and external vendors to enhance trading platforms, data quality, workflow automation, and system integration.
· Identify and drive process improvements, automation initiatives, and analytical capabilities that improve scalability, strengthen controls, and increase trading efficiency.
· Maintain expertise in fixed income market structure, security characteristics, pricing methodologies, industry developments, and regulatory requirements.
· Provide backup trading coverage across other fixed income sectors, including High Yield, non-US Fixed Income, and Rates products.
Competencies / Skills
· Expertise in both voice and electronic fixed income trading, with advanced proficiency across platforms including MarketAxess, Tradeweb, Bloomberg, and other electronic execution venues.
· Experience with OMS and EMS platforms such as Aladdin and Adroit preferred.
· Strong understanding of index and active investment strategies, investment grade credit markets, portfolio construction, risk management, market structure, and credit fundamentals.
· Proven ability to source liquidity, navigate complex market environments, and deliver superior execution outcomes.
· Established dealer relationships and strong negotiation skills across the fixed income marketplace.
· Demonstrated ability to leverage technology, data, and analytics to enhance trading decisions, workflows, and execution quality.
· Intellectual curiosity, sound judgment, and a continuous-improvement mindset focused on innovation, efficiency, and investment outcomes.
Experience:
Preferred candidates will have 5-10 years of Investment Grade credit trading experience. We will also consider candidates with corporate credit trading backgrounds who can demonstrate strong Investment Grade market knowledge and relevant trading experience.
Salary Range:
$160,100 - 272,300 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.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
