Senior Manager, Fixed Income Trading

Altruist • Dallas, TX

3h • Hybrid

About The Position

Altruist is seeking a Senior Manager, Fixed Income Trading to own and elevate the company's fixed income trading function. This is a high-visibility hybrid role, serving as both a senior individual contributor and a people leader, with direct exposure to Altruist's leadership team. The role involves managing a team of traders, overseeing dealer and counterparty relationships, and acting as a strategic partner to Product and Engineering. A key focus will be integrating Altruist's fixed income platform with Moment, an AI-driven order management system, to improve execution, automation, and the advisor experience. The position also aims to enhance Altruist's fixed income offering to attract large enterprise RIA firms and compete effectively in the independent advisor market. The ideal candidate will possess deep fixed income expertise and a strong interest in leveraging AI tools to improve trading outcomes.

Requirements

• Active FINRA Series 7, 24, 63, 52, and 53 licenses required.
• Bachelor’s degree in Finance, Economics, Mathematics, or a related quantitative field.
• 8+ years of fixed income trading experience.
• 3+ years in a senior trader, lead trader, or trading management capacity.
• Deep expertise across municipal, government, and IG corporate bond markets—primary and secondary.
• Demonstrated best execution track record across multiple market environments, including elevated volatility.
• Proven dealer relationship management.
• Supervisory experience with FINRA/MSRB/SEC compliance and WSP accountability.
• Cross-functional experience working with product, sales, or relationship management teams on enterprise client initiatives.
• Deep knowledge of fixed income microstructure, electronic trading protocols (RFQ, RFS, all-to-all), and settlement processes (DTC, FedWire).
• Genuine eagerness to learn and apply tools—such as Claude, ChatGPT, and others—to make better trading decisions. A growth mindset is essential.
• OMS/EMS fluency (Bloomberg TOMS, Tradeweb, MarketAxess).
• Proven ability to develop trading talent and make difficult personnel decisions with confidence.
• Ability to translate fixed income complexity for advisors, enterprise prospects, regulators, and executives.

Nice To Haves

• Familiarity with Moment OMS is a strong plus.
• Prior experience at a custodian, RIA platform, self-clearing broker-dealer, or fintech serving the independent advisor channel.
• Experience supporting enterprise RIA firms, wirehouse breakaways, or large institutional clients.
• Demonstrated use of AI tools in a professional context—market research, workflow efficiency, or decision support.
• Familiarity with portfolio management and fixed income analytics platforms (Aladdin, YieldBook, Bloomberg PORT, or comparable).
• Working knowledge of MSRB EMMA, DTCC systems, IPREO, and/or ALLQ.

Responsibilities

• Lead daily fixed income trading operations across municipal, government, and corporate bond markets (primary and secondary), ensuring best execution, regulatory compliance, and operational efficiency.
• Drive pricing transparency, trade automation, and execution quality across Tradeweb, MarketAxess, Bloomberg, and proprietary Altruist tooling.
• Leverage AI tools to enhance market analysis, streamline trade workflows, and identify execution improvements.
• Establish and enforce supervisory procedures to meet FINRA, MSRB, and SEC requirements, acting as the senior escalation point for complex trade scenarios and settlement issues.
• Serve as the primary business voice for Altruist's Moment OMS integration, leading planning, testing, and optimization to automate order routing and improve execution intelligence.
• Partner with Sales and Relationship Management to define Altruist's fixed income value proposition for large enterprise RIA firms, acting as a subject matter expert in prospect conversations.
• Identify capability gaps compared to enterprise expectations and advocate for necessary internal investments to scale.
• Manage and mentor a team of fixed income traders, fostering a culture of excellence, accountability, and AI-assisted work.
• Set clear performance standards, provide regular coaching, and develop plans to retain top talent.
• Partner cross-functionally with Operations, Compliance, and Finance to align trading initiatives with Altruist's broader objectives.
• Own strategic relationships with broker-dealers, primary dealers, and liquidity providers to optimize pricing, access, and market intelligence.
• Negotiate favorable terms and new issue allocations to ensure institutional-quality access for Altruist advisors.
• Represent Altruist at industry events, dealer meetings, and counterparty reviews to enhance the firm's market profile.
• Deliver best-in-class service to Altruist's advisor network, including responsive execution support, pricing transparency, and proactive market insights.
• Use AI tools to improve the speed and quality of advisor-facing communication and fixed income portfolio guidance.
• Act as a trusted fixed income resource to help advisors, including enterprise firms, grow their fixed income AUM with confidence.

Benefits

• Competitive pay and equity for eligible positions.
• Premium healthcare, dental, and vision insurance plans (HMO and PPO).
• 401k savings plan with a 4% match and immediate vesting.
• 16 week paid parental leave after one year of employment.
• Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee.
• Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and travel, etc.).
• Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.).
• One month work from anywhere policy (with the exception of a few countries).
• Stock Options (ISOs) for eligible roles.

What This Job Offers

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