Cash / Commercial Paper Trader

Northwestern Mutual•Milwaukee, WI

2d•Hybrid

About The Position

NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC, located in Milwaukee, WI, is a wholly owned subsidiary of the Northwestern Mutual Life Insurance Company with over $250 billion in assets under management (AUM). The Public Investment department actively manages over $130 billion of total AUM and provides fixed income expertise to Northwestern Mutual and its affiliate corporations, including the foundation and retirement plan. 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.

Requirements

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.
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.

Nice To Haves

Experience with Bloomberg, Excel, or similar systems desired.

Responsibilities

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.
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.
Execute Treasury security and Treasury futures trades as directed by Portfolio Managers, ensuring timely, accurate execution aligned with broader interest rate strategy.