Municipal Bond Trader

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:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working 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 [email protected].

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.