Fixed Income Trading Job Description
Fixed income trading
provides support for fixed income trading desks for all asset types including: IG corporates, high-yield, US Treasury, repo and reverse repos, leveraged loans, emerging markets/foreign currency, structured and mortgage-backed securities, and collateral management requirements.
Fixed Income Trading Duties & Responsibilities
To write an effective fixed income trading job description, begin by listing detailed duties, responsibilities and expectations. We have included fixed income trading job description templates that you can modify and use.
Sample responsibilities for this position include:
Understand and document business processes, focus on improving and automating manual processes
Allocate approximately 415 Fixed Income trades per day using Bloomberg
Coordinate with business unit and systems to create reports necessary to monitor daily trade activity within MSWM Capital Markets
Continuous improvement mindset to capitalize on straight through processing, speed and accuracy of systems and procedures
Ability to manage and complete projects simultaneously
Coordinate with business unit and systems to create reports necessary to monitor daily trade activity within WM Capital Markets
Running daily processes related to P&L and risks
Pre-approve clients for Private Investments and Hedge funds
Errors- responsible for resolving order errors
Client issues -Review client inquiries, issues and complaints
Fixed Income Trading Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fixed Income Trading
List any licenses or certifications required by the position: SEC, FSCM
Education for Fixed Income Trading
Typically a job would require a certain level of education.
Employers hiring for the fixed income trading job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Computer Science, Engineering, Economics, Mathematics, Accounting, Statistics, Math, Technical
Skills for Fixed Income Trading
Desired skills for fixed income trading include:
Bloomberg
Projects
Systems
Markets and instruments that influence their team
Processes
Agencies & Corporates
Front and Middle Office workflows
Financial markets
Fixed Income trading practices and market
Market pricing and valuation tools
Desired experience for fixed income trading includes:
Education and training - Responsible for providing policy and procedural training to new employees, assist with continuing education requirements and provide special training as warranted on specific topics
Audits -The Supervisory Manager is the point contact for internal examinations conducted by Compliance and Internal Audit
Perform daily analysis of individual account and overall counterparty limits outlined by the CFTC using various data management programs on a pre-trade and post trade basis
Develop and manage a quality control program to (1) verify that existing controls are effective and efficient
Facilitate communication with external teams requiring counterparty levels and approvals
Identification of opportunities for FIT expansion and formal Requests For Proposals (RFPs)
Fixed Income Trading Examples
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Fixed Income Trading Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fixed income trading. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fixed income trading
- Assume responsibility for internal systems and spreadsheets such as pricing grids, roadshow feedback, daily primary and secondary trackers
- Work closely with the Purchase & Sales Comparison Team to resolve any street side trade issues
- Clearly articulating the strategy in our business plan, in senior management presentations, and in formal and informal communications across the firm, with appropriate customers, to ensure that all stakeholders are bought into the plan
- Daily supervise fixed income trading activity within MSWM Capital Markets to ensure compliance with firm and industry standards
- Identify, report, and escalate risk issues, including any compliance issues
- Maintain close working relationships with trading, technology, operations and risk staff to ensure appropriate resolution of all issues related to the fixed income and equity businesses
- Organize and facilitate sprint planning, daily scrum meetings, retrospectives, release planning, and other related meetings
- Works closely with technology and business partners to help identify and remedy BAU work and proactively help achieve the firm’s Global Kill-the-tail initiative
- Experience with Mingle (ThoughtWorks project management tool) is highly desired
- Daily Supervision of fixed income and equity trading activity and staff within WM Capital Markets to ensure compliance with firm and industry standards
Qualifications for fixed income trading
- Proficient in the following software
- Technical, pragmatic and adaptable individual
- Demonstrated experience designing and architecting complex software
- Familiarity with SQL, Python, Javascript
- Ability to understand complex business requirements
- Ability to work well with R&D colleagues, business and sales
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Fixed Income Trading Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fixed income trading. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income trading
- Creating reporting tools
- Assist Investment Grade Portfolio Managers and Traders in various daily activities
- Develop strong business relationships with sell side senior management, sales and trading, other external business partners
- Run ad-hoc analyzes on specific axis
- Sales credit versus trading risk (margin vs risk complexity
- Benefit per client against costs (deals size, number of trades, trade booking complexity)
- Review of risks cartography with MACC team to check proper coverage or redundant treatments
- Share responsibility for de-risking the firm via execution of primary transactions
- Manage the distribution of information related to primary trades, both JPM-lead and away from us
- Develop thorough understanding of investor base across asset classes, jurisdictions and sectors
Qualifications for fixed income trading
- Post-graduate degree with a mathematical bias would be strongly preferred due the quantitative nature of the role
- 8+ years of professional software development experience with knowledge of object oriented design, data structures, and multi-threaded design
- 8+ years of professional Software Development experience with demonstrated understanding of Algorithms and Data Structures, Object Oriented programming with strong Analytical and Problem Solving Skills
- Experience programming in any Object Oriented programming language and willingness to work in C++
- Previous experience with working on low-latency applications is a plus
- Experience in any interpreted or scripting language like JavaScript or Python is a plus
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Fixed Income Trading Job Description
Job Description Example
Our growing company is hiring for a fixed income trading. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fixed income trading
- Must have proven trading systems software developer experience
- Document, track and follow-up on the development of new projects, collaborating and coordinating across different geographies, lines of business and control functions
- Assist with core Compliance functions including marketing review, risk assessments and projects driven by the Corporate Compliance Team related to Private Bank products and services
- Liase with origination bankers to provide market updates, pitching relevant opportunities and cultivating client impact from the very onset
- Liase with sales force to organize investor meetings and collect feedback both around live execution and hosted conferences
- Maintain relationships with other areas of the firm that assist the Syndicate business, such as Research, Sales, Trading, and DCM
- Assist with Credit Surveillance
- Working with the trading and sales desks to understand new user requirements
- New feature analysis, development, testing and deployment
- Electronic Trading interface development and support
Qualifications for fixed income trading
- Experience with a SQL database is a plus
- Proficiency in basic Linux/Unix Commands
- Experience with tools like JIRA, Phabricator, Splunk, GIT is a plus
- Maintain focus on a robust control environment, mitigate operational and reputation risks faced in the execution of standard flow business and ensure the successful integration of business growth within the Istanbul office
- Establish and maintain strong relationships with key stakeholders internally
- Trade Lifecycle Management ensuring settlement efficiency and oversight of product activity with regards to Front to Back process
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Fixed Income Trading Job Description
Job Description Example
Our innovative and growing company is hiring for a fixed income trading. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income trading
- To support the development of MARK while ensuring that risks are monitored and clearly understood
- Daily Supervision of fixed income trading activity and staff within WM Capital Markets to ensure compliance with firm and industry standards
- Work closely with senior traders from the Investment Grade credit trading team who are evaluating relative value and mandate suitability profile of fixed income securities
- Support the evaluation and surveillance of a large portfolio of domestic Investment Grade issuers
- Knowledge and strong proficiency and understanding of fixed income products
- Daily management of team members, developing business strategy and efficiency in trade order management
- Daily management of execution risk and managing accountability of the team
- Management reporting and metrics to senior leadership within Consulting Group
- Managing our ATS/ECN relationships and multiple counterparties as a representative of the MSWM Advisory Fixed Income business
- Developing strong relationships and engagement with our financial advisors and third party managers, ensuring appropriate coverage of clients
Qualifications for fixed income trading
- Extremely strong quantitative skills
- Highly proficient with Aladdin Dashboard
- Completing trade flow of any amendments post trade completion
- Completion of position control within a set timeframe and liaising with stakeholders to resolve exceptions
- Timely resolution of any queries generated via clients
- Reconciliation of MS Risk versus the Exchange
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Fixed Income Trading Job Description
Job Description Example
Our growing company is looking to fill the role of fixed income trading. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fixed income trading
- Oversight of risk management of the team and liaise with relevant internal partners (legal, risk, compliance, operations)
- Drive business initiatives and strategy for the team
- Focus on talent management, ensure the people strategy and organizational capabilities are aligned to the business strategy
- Analyzes the markets, and in some cases, may perform relative value analysis and make recommendations on the specific securities to trade
- Intermediary between the Trading desk and other areas of the Bank
- Input trade tickets for Tender Option Bond (TOB) trade activity and communicate TOB instructions (Step Out, ) with brokers to ensure settlement
- Must have C++ development experience with fixed income electronic trading networks
- Must have data structure design and development experience
- Must be able to build automated back test and stress test applications
- Draft new policies, procedures and the development of training protocols related to new initiatives or changes to existing platforms
Qualifications for fixed income trading
- Oversight of regulatory and trade reporting as required
- Native Turkish language speaker
- Degree in a quantitative discipline such as Maths, Physics, Computer Science and Engineering
- Solid background in algorithms, mathematics or statistics
- Strong English communication skills and interpersonal skills
- Knowledge of Java and Q a plus