Fixed Income Trader

About the role

The Fixed Income Trader role at Northern Trust involves executing fixed income transactions according to established guidelines. This includes minimizing market impact and transaction costs, ensuring fair, accurate, and timely trade execution, and maintaining relationships with counterparties to support trading execution and liquidity management.

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.
• Safeguards 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.

Qualifications

• Prior experience in fixed income trading or a closely related trading role (3-5 years preferred).
• Strong knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment, and relevant securities laws.
• Demonstrated ability to assess market events, exercise sound judgment, and make timely decisions in dynamic market conditions.
• 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.

Benefits

At Northern Trust, we offer a comprehensive benefits package including:

• Retirement benefits (401(k) 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
• A discretionary bonus program that may include an equity component

Pay

The salary range for this position is $116,100 to $156,700 USD.