Overview

Municipal Bond Trader. Chicago Move Collective Jobs in Chicago, USA at Broughton Group

Position: Municipal Bond Trader. Job in Chicago Move Collective Jobs

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

  • Executes fixed income bond transactions in accordance with portfolio managers instructions and guidelines.
  • Ensures fair and equitable treatment of all trade orders.
  • Maintains an understanding of relevant factors that impact the price of bonds such as market environment, supply/demand, technical factors, and economic fundamentals.
  • Apprises portfolio managers and other appropriate persons of relevant information affecting securities prices.
  • Maintains daily broker contact to conduct bond trading. Responsible for evaluating their effectiveness and service to meet the needs of the trading operations.
  • Serves as a resource to Portfolio Managers for information pertaining to the bond market, and specific securities.
  • 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.
  • Provides consultation on portfolio strategies and structure in accordance with the clients investment objectives, market conditions, and current Fixed Income Policy as requested.
  • 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.
  • Provides portfolio analysis as requested by portfolio managers for current and prospective clients.
  • Manages less active bond portfolio assets for fiduciary and agency accounts in partnership with the primary relationship and portfolio manager.

    • Experience

    4-6 years 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 USD.

    Benefits

    • Retirement benefits (401k and pension).
    • Health and welfare benefits (medical, dental, vision, spending accounts and disability).
    • Paid time off.
    • Parental and caregiver leave.
    • Life & accidental insurance.
    • Other voluntary and well-being benefits.
    • Discretionary bonus program that may include an equity component.

    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 MyHRHelp@.

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    Title: Municipal Bond Trader. Chicago Move Collective

    Company: Broughton Group

    Location: Chicago, USA

    Category:

     

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