Fixed Income Trader
About The Position
The Fixed Income Trader will join Bank of America Private Bank’s Trading Desk and work closely with Senior Fixed Income Traders to execute taxable and tax-exempt fixed income order flow. The role offers hands-on exposure to fixed income markets, institutional liquidity, market structure, execution strategy, and relationship management while supporting Private Bank clients, Portfolio Managers, and investment professionals. The position monitors risk and develops trading activities with limited direction. It supports buying and selling fixed income securities and requires knowledge of risk management, hedging and trading strategies, and market characteristics. The role is subject to federal regulations, industry standards, and other requirements. It does not require FINRA licensing; any FINRA licenses held must be absolved. The position is based in an office-oriented environment, with listed locations in Boston, Massachusetts, and New York, New York. The role is designated first shift and is scheduled for 40 hours per week.
Requirements
- At least 2 years of relevant professional experience, preferably in fixed income trading, capital markets, investment management, banking, or a related financial-markets role.
- Demonstrated interest in and understanding of fixed income markets and trading.
- Strong quantitative, analytical, and problem-solving skills.
- Excellent attention to detail and ability to operate effectively in a fast-paced, market-driven environment.
- Strong written and verbal communication skills.
- Ability to establish effective working relationships with traders, investment professionals, internal partners, and external counterparties.
- Ability to work collaboratively as part of a trading team while exercising sound judgment, accountability, and a strong control mindset.
- Intellectual curiosity and desire to build expertise across taxable and tax-exempt fixed income markets.
Nice To Haves
- Bachelor’s degree.
Responsibilities
- Work with Senior Fixed Income Traders to support execution of taxable and tax-exempt fixed income transactions for Private Bank client and managed-account portfolios.
- Monitor fixed income markets, pricing, liquidity, and market developments to support timely and efficient trade execution.
- Develop expertise in municipal securities, U.S. Treasuries, investment-grade corporate bonds, agencies, structured products, commercial paper, and other securities traded by the Private Bank Trading Desk.
- Assist Senior Traders with sourcing liquidity and executing security-specific orders through electronic trading venues and institutional broker/dealer relationships.
- Maintain and develop relationships with internal Fixed Income partners, including Portfolio Managers, investment professionals, and Chief Investment Office partners.
- Build relationships with external institutional broker/dealer counterparties and understand their liquidity, capabilities, and market expertise.
- Communicate relevant market color, pricing, liquidity, and trading activity to internal investment partners.
- Support best-execution responsibilities through disciplined order handling, attention to execution quality, accurate documentation, and appropriate escalation.
- Assist with trading analysis, market data, reporting, and initiatives to enhance the Private Bank Trading platform.
- Assist with fixed income trade execution and share knowledge of the current market environment.
- Perform fixed income activities in compliance with federal regulations, industry standards, and other requirements, ensuring orders are executed accurately and efficiently.
- Assist with assigning accounts to predefined trading models and administer trades according to product guidelines.
- Support buying and selling financial instruments in accordance with established trading strategies and risk parameters.
- Analyze market trends and economic indicators to develop and implement fixed income trading strategies aligned with the Bank’s financial objectives and risk tolerance.
Benefits
- Industry-leading benefits; specific benefit types are not enumerated.
- Access to paid time off.
- Eligible to participate in the annual discretionary incentive plan, with awards based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
