Fixed Income Trader

Northern Trust • Chicago, IL

3d • $116,100 - $156,700 • Hybrid

About The Position

The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role requires close monitoring of market conditions, disciplined management of order flow, and effective communication of relevant pricing and market developments to portfolio managers and key stakeholders.

Requirements

• Strong knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment, and relevant securities laws, typically acquired through on-the-job experience and/or completion of a four-year degree, to support effective fixed income trade execution.
• Demonstrated ability to assess market events, exercise sound judgment, and make timely decisions in dynamic market conditions.

Nice To Haves

• College or University degree.
• 3-5 yrs prior experience in fixed income trading or a closely related trading role.
• FINRA Securities Licenses 7, 52, and 63 required; Series 53 is a plus.
• Versatility across multiple fixed income products, supporting broader market insight and cross-product collaboration.

Responsibilities

• Executes fixed income trades while minimizing market impact and transaction costs.
• Ensures fair, timely, and unbiased trade execution.
• Partners with clients and internal stakeholders on investment ideas and strategy implementation.
• Communicates market developments and pricing impacts to portfolio managers and other stakeholders.
• Ensures accurate and timely trade settlement in accordance with established controls.
• Maintains relationships with counterparties to support trading execution and liquidity management.
• Responds promptly to client, portfolio management, and internal partner inquiries.
• Maintains knowledge of applicable regulations, industry practices, and trading requirements.
• Adheres to trading procedures, risk controls, and governance standards.

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

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