Fixed Income Trader Job Description
Fixed income trader
provides back-up trading capacity for separately managed fixed income portfolios managed by FTI’s team of portfolio managers across both tax-exempt and taxable bond markets.
Fixed Income Trader Duties & Responsibilities
To write an effective fixed income trader job description, begin by listing detailed duties, responsibilities and expectations. We have included fixed income trader job description templates that you can modify and use.
Sample responsibilities for this position include:
Invest cash balances for the mutual funds and separate accounts
Communicate with brokers/traders from other firms other product groups within the firm
Work closely with entire Portfolio Management team
Perform portfolio analytics and structure trades
Monitor account guidelines, assess market valuation measures, and determine relative value and capital structure relationships
Contribute market color and spread data to investment discussions
Track spreads and other market data for portfolio managers and research
Construction of Fixed Income portfolios across a diverse range of account types using a broad range of agency mortgage products
Execution and management of trades and positions for all strategies in agency mortgages
Contribution to the development of strategy views within the team with the view to growing into an idea and ‘alpha’ generator over time
Fixed Income Trader Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fixed Income Trader
List any licenses or certifications required by the position: US, AMAC, FSCM
Education for Fixed Income Trader
Typically a job would require a certain level of education.
Employers hiring for the fixed income trader job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Economics, Finance, Business, MBA, Accounting, Mathematics, Engineering, Education, Management, Graduate
Skills for Fixed Income Trader
Desired skills for fixed income trader include:
Bloomberg
Excel
Securities industry
Securities markets in general
Skills and abilities towards work products
Economics
Fixed income markets
Focusing market trends in their area of product specialization
Bloomberg and various electronic trading platforms
Currency markets
Desired experience for fixed income trader includes:
Must demonstrate a methodical, disciplined approach to their work self-motivation to develop product knowledge
Rigorous attention to details and great time-management skill required
Comfortable interacting with senior investment professionals
Minimum of 1 year Sell-side or Buy-side Front Office experience desirable
Familiarity with agency mortgage market is an advantage
Enthusiasm, drive and demonstrated progression of responsibilities in current position
Fixed Income Trader Examples
1
Fixed Income Trader Job Description
Job Description Example
Our innovative and growing company is looking for a fixed income trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fixed income trader
- Execution and management of trades for developed and emerging market interest rate strategies
- Provision of market colour and dynamics to the global team
- Development and management of Asian-based network of market counterparties
- Executes the purchases and sales of fixed income securities within the parameters set by Portfolio Managers, Director of Leveraged Finance trading or the Head of Trading
- Analyze and timely provides details relating to primary bond issuance
- Understand how flows in one asset class may impact prices and yields in related asset classes
- Contributes market color and spread data to investment discussions
- Construction and ongoing management of Fixed Income portfolios, across multiple sectors and currencies
- Trading / execution of Fixed Income securities across multiple sectors and currencies in the Fixed Income market
- Working with other portfolio managers, analysts and traders to develop model portfolios that meet client needs
Qualifications for fixed income trader
- Strong knowledge across vanilla and first generation exotic options
- Excellent communication skills, especially for client interaction
- Team oriented, as will be working with a global team
- Ability to work within and across teams and a desire to collaborate
- A self-starter, with enthusiasm, drive and demonstrated learning ability to develop into a strong trader
- Ability to manage relationships both externally with the market internally with members of the global Portfolio Management team
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Fixed Income Trader Job Description
Job Description Example
Our company is searching for experienced candidates for the position of fixed income trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fixed income trader
- Maintains daily broker contact to conduct bond and money market instrument trading
- Process issue setup and execution of client new issue structured product transactions
- Process manual fixed income desk executions and drop printer transactions (including preferreds)
- Maintain strong relationships with other broker dealers, supporting the desk's Senior Agency / Fee Based trader executing fixed income security orders timely, accurately and within all industry and firm rules and regulations
- Provide effective execution of structured derivative (‘package’) trades for maintenance and hedging needs, to gain exposure to duration, curve, spreads, and volatility
- Rebalance duration and curve exposures across multiple strategies, build and maintain tools to assists in this process
- Dedicated investing responsibilities base upon sector and/or maturity
- Assist with team marketing materials and other business projects and initiatives
- Think strategically about the portfolio management process, technology, and ways to scale the business
- Manage counter-party relationships
Qualifications for fixed income trader
- Minimum 2-3 years trading experience
- CFA or MBA a plus but not required
- A minimum of 5 years experience trading FX Options with demonstrated consistent profitability through different market environments
- Ability to work under pressure on multiple tasks essential
- A familiarity with interest rate derivative market products and pricing is an advantage
- 2+ years Buy side or Sell side Front Office experience highly desirable
3
Fixed Income Trader Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of fixed income trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fixed income trader
- Provide color and market information to the firms portfolio managers across multiple asset classes
- To be familiar with and adhere to relevant regulatory requirements
- Establishes the bid and offer prices for customer inquiry, via the Financial Advisor, by utilizing his/her knowledge of the prevailing market, including electronic price data and modeling software
- Manages the risk associated with the long and short position by utilizing intra-day and end-of-day reports from internal trade capture and books-and-records systems
- Manages the P/L associated with the aggregate position
- Marking-to-market the position each day
- Additional duties and projects as assigned by the Trading Desk Head
- Utilize trading and portfolio management systems to monitor account positioning across various strategies
- Gathering, analyzing, and disseminating market and security information that identifies or creates actionable investment opportunities
- Soliciting potential trade interest from portfolio managers and locating external supply/identifying internal demand for liquidity opportunities in the market
Qualifications for fixed income trader
- Strong knowledge and understanding of the asset management business and investment products within the Fixed Income and money markets
- Strong organizational skills required to continuously manage ongoing demands of multiple clients simultaneously
- This role requires strong market knowledge, with an understanding of trading conventions presentation and client facing skills
- Demonstrate integrity, investment ethics and philosophy
- 7+ years of fixed income portfolio management/trading related work experience
- Municipal and corporate experience preferred and equities experience is a plus
4
Fixed Income Trader Job Description
Job Description Example
Our growing company is looking for a fixed income trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for fixed income trader
- Provide best execution in core rates cash and derivative markets for the LDI, fundamental and index fixed income teams
- Primarily execute derivative instruments covering interest rate swaps (zero coupon, Libor, OIS), inflation (RPI, HICP, LPI), swaptions, futures and options
- Providing effective execution of structured derivative (‘package’) trades to gain exposure to IOTA, asset swaps, curve and spreads
- Work closely with the LDI PM team to assist with trade structuring to achieve efficient execution with strong feedback loop in terms of liquidity constraints
- Assisting with bespoke derivative transactions such as re-couponing, CSA change and novations
- Assist PM teams to effectively price derivative nuances across varying CSA limitations
- Provide insight into market activity and disseminate market intelligence and flow information
- Interact and develop close relationships with sell-side and provide input on counterparty relationships
- Management of orders, work flow, and prioritisation of trades
- Provide written commentary on trends within their primary sector of responsibility for dissemination to Financial Advisors
Qualifications for fixed income trader
- Extensive credit knowledge and understanding of financial covenants
- Participate in credit and portfolio risk discussions
- Work with both credit and client portfolio managers to build and monitor credit risk in portfolios, including management of cash flows
- At least 3 years of markets experience
- Participate in and contribute to internal investment meetings external strategy/analyst meetings
- Execution of trades must be in accordance with our Best Execution Policy, Counterparty Guidelines and documentation standards other Policies and Procedures
5
Fixed Income Trader Job Description
Job Description Example
Our company is hiring for a fixed income trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for fixed income trader
- Partner closely with USBI Financial Advisors regarding recommendations for optimal FI products for their clients' specific needs
- Construction of Emerging Markets bond portfolios across a diverse range of account types using cash bonds, interest rate and credit products with a focus on hard-currency sovereign and corporate credit instruments
- Working with Emerging Market investment and trading team to trade and monitor portfolios
- Contribution to the development of strategy views within the team and investment ideas
- Execution and management of trades and positions, ensuring consistency of Emerging Market positions across the Fixed Income platform
- Maintaining and improving portfolio management tools
- Monitoring risks
- Liaising with other fixed income desks and teams
- Provide holistic US Municipal & Taxable Fixed Income (FI) coverage for the CWM Wealth Management advisors
- Pricing and execution for Municipal & Taxable fixed income securities for Advisors, Self-Directed teams and Digital Wealth Management trade flow
Qualifications for fixed income trader
- The individual must have a strong sense of Integrity and Fiduciary responsibility, be Client focused and a strong Team Player
- Strong quantitative skills, attention to detail, and a sense of urgency are vital
- Programming and scripting skills are preferred, experience in software development is a plus
- Min 4 years of fixed Income trading/sales experience in either credit or interest rate derivatives
- Senior trader for the global investment teams to execute transactions for Asian securities across all bonds, FX, interest rate swaps, bond ETF’s and derivatives
- To have a deep understanding of all Asian local markets, time zones and trading conventions