About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Position Summary:
Executes municipal bond transactions for senior portfolio manager in the municipal bond team. Provides recommendations to partners on investment opportunities regarding securities prices. Conducts bond trading across several execution venues, including brokers.
Duties and Responsibilities:
1.Executes fixed income bond transactions in accordance with portfolio managers instructions and guidelines.
2. Ensures fair and equitable treatment of all trade orders.
3. Maintains an understanding of relevant factors that impact the price of bonds such as market environment, supply/demand, technical factors, and economic fundamentals.
4. Apprises portfolio managers and other appropriate persons of relevant information affecting securities prices.
5. Maintains daily broker contact to conduct bond trading. Responsible for evaluating their effectiveness and service to meet the needs of the trading operations.
6. Serves as a resource to Portfolio Managers for information pertaining to the bond market, and specific securities.
7. Maintains orderly receipt, tracking, and execution of bond orders. Oversees the settlement of trades, communicating with subsidiary offices and following through on discrepancies with operations and brokers.
8. Provides consultation on portfolio strategies and structure in accordance with the clients investment objectives, market conditions, and current Fixed Income Policy as requested.
9. Maintains an understanding of investment vehicles, their individual characteristics and regulatory requirements, yields, and prices. Keeps abreast of current and pending laws and regulations that affect investments.
10. Provides portfolio analysis as requested by portfolio managers for current and prospective clients.
11. Manages less active bond portfolio assets for fiduciary and agency accounts in partnership with the primary relationship and portfolio manager.
Experience:
4 - 6 yrs of relevant experience
Competencies/Skills:
• Significant Knowledge of trading, investment vehicles, portfolio management, and credit research, acquired through formal education and work experience, to execute orders, manage portfolios profitability, and understand credits.
Salary Range:
$116,100 - 197,300 USDWorking with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Municipal Bond Trader • Chicago, IL
Chicago, United States; New York, United States.Trader in Chicago, IL and Brooklyn, NY.Develop, maintain, and enhance mathematical models, strategies, and trading system components for quantitative... Show more
A leading trading firm in Chicago is seeking an Experienced Equity Discretionary Trader to manage a trading book focused on US and Global Equities.The role involves analyzing market trends, managin... Show more
Maven Securities US Limited, Chicago, IL.Maven is a market-leading proprietary trading firm deploying its own capital across discretionary, systematic, and market-making strategies.Backed by deep e... Show more
Systematic Equity Options Trader.Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies acros... Show more
Hybrid Fixed Income PM / ETF Trader.We are one of the nation's fastest-growing B2B startups, backed by YC, building the next generation of financial infrastructure.Our next chapter is launching a n... Show more
We are a global leader in food & beverage ingredients.Pioneers at heart, we operate at the forefront of consumer trends to provide food & beverage manufacturers with products and ingredients that w... Show more
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative f... Show more
Trade Support/Clearing - Trading Services Associate I.Trade Support/Clearing - Trading Services Associate I.The Corporate & Investment Bank is a global leader across investment banking, wholesale p... Show more
Experienced Equity Discretionary Trader.We are Gelber Group – a passion for trading powered by technology.Headquartered in Chicago with offices across the United States and Europe, we have set the ... Show more
Trader | Global Centralized Trading Desk.Jump Trading Group is committed to world class research.We empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boun... Show more
Execution Trader (Stocks, Futures & Options).Compensation: Competitive salary + performance-based incentives.We’re a small but ambitious proprietary trading firm building the foundations of a long‑... Show more
A global trading firm is seeking an experienced equity options trader in Chicago.The role involves maximizing revenue through mispricing analysis and collaborating with research teams.Candidates sh... Show more
Zuckerman Investment Group is looking for a Trading Associate with three to seven years of experience to join our team.This position is a unique opportunity to participate in the expansion of an es... Show more
Quantitative Trader/ Portfolio Manager - Futures & FX.Quantitative Trader/ Portfolio Manager - Futures & FX.Quantitative Trader / Portfolio Manager will be responsible in designing, developing and ... Show more
Remote Forex & Crypto Trading Opportunity Chicago, ILWe profit only when you profit -- transparent funding and real support.Before you continue, please watch this short recruiting video.It expl... Show more
A leading trading firm is seeking a Senior Index Volatility Trader to enhance their volatility trading strategies.Responsibilities include maximizing revenue through mispricing, managing market ris... Show more
A global financial services leader seeks a Trading Services Manager III to oversee cash operations and funding for asset-backed transactions.This role involves managing funding communications, lead... Show more
The G-20 Group is a pioneer in Quantitative Trading systems in cross-asset markets.Headquartered in Switzerland, we operate at the intersection of Quantitative Research, Software Engineering and Tr... Show more
A leading trading firm in Chicago is seeking an experienced Broker Trader to join their expanding team.Candidates should have over 2 years of options market making experience and an ability to thri... Show more
Experienced Equity Options Trader.Belvedere Trading is a leading proprietary trading firm.We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in t... Show more
