Fixed Income Mortgage Trading Associate I

Fifth Third Bank • Cincinnati, OH

12d • Onsite

About The Position

The Fixed Income Mortgage Trading Associate I supports Fifth Third’s Institutional and Retail Sales teams by providing liquidity and executing trades across residential and commercial mortgage-backed securities sectors. This role is responsible for generating revenue through strategic trading, maintaining inventory positions, and ensuring operational accuracy across trade processing and compliance. The Associate will also contribute to product education, market awareness, and cross-functional collaboration with internal and external stakeholders.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 3–5 years of experience in Banking, Investment Banking, M&A, or Capital Markets (strong Analyst performance required for internal promotion).
• Securities Industry Essentials (SIE), Series 7, and Series 63 licenses (or ability to obtain within company policy).
• Professional proficiency, generally acquired through 3-5 years of relevant work or internship experience in finance, accounting, or a related field.
• Broad knowledge of the mortgage market, fixed income instruments, macroeconomics, and market structure.
• Familiarity with trading environments and broker-dealer operations.
• Strong understanding of accounting concepts and regulatory frameworks.
• Proficiency in Bloomberg and Microsoft Excel.
• High attention to detail and operational accuracy.
• Excellent interpersonal, written, and verbal communication skills.
• Ability to prioritize and manage multiple tasks in a fast-paced environment.

Nice To Haves

• Market Awareness & Trade Execution – Ability to identify trading opportunities and execute with precision in dynamic market conditions.
• Operational Discipline – Strong focus on accuracy, compliance, and risk management in trade processing and reporting.
• Collaborative Communication – Skilled in working across teams and functions to support sales, operations, and client engagement.
• Product Knowledge & Education – Ability to translate complex product features into clear, actionable insights for sales teams and clients.

Responsibilities

• Execute trades in mortgage and fixed income securities to support Institutional and Retail Sales representatives.
• Provide revenue-generating trade ideas and market insights to sales teams.
• Accurately process trades using clearing systems in accordance with Fifth Third compliance standards and industry regulations.
• Communicate effectively with sales, middle office, operations, risk management, compliance, internal business partners, and external clients.
• Monitor, reconcile, and manage inventory positions within departmental policy limits.
• File regulatory reports accurately and on time.
• Deliver product training to sales teams through formal sessions and informal daily engagement.
• Stay informed on market news, regulatory changes, and macroeconomic developments that may impact pricing, hedging, and risk strategies.

Benefits

• Comprehensive benefits and differentiated compensation offerings
• Eligible to participate in an incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level