Associate II, Fixed Income Trading Desk Support

Northland Securities, Inc.; Minneapolis (MN); On-site; USD 79,000 - 131,000; Full time

Benefits offered by this job

Medical

Dental

Vision Insurance

401k with matching

Time Off Programs

HSA/Dependent Care

Tuition Assistance

Disability Insurance

Job summary

Northland Securities, Inc. in Minneapolis seeks a Senior Fixed Income Trading Desk Support to lead the full lifecycle of new issue deals and support secondary market trading on the Fixed Income Trading Desk.

The ideal candidate has 5–10 years in fixed income desk operations, FINRA licenses (SIE, Series 7, 63), and strong proficiency with Bloomberg, iPreo, and EMMA, delivering accurate, timely trade settlement and regulatory reporting.

Qualifications

• Strong knowledge of new issue workflows and regulatory requirements.

Responsibilities

• Execute full lifecycle of new issue deal support including eligibility, closing coordination, funds movement, and settlement.
• Back-up closing call facilitator and lead closing calls when needed.
• Manage multiple simultaneous new issue workflows with accuracy, targeting 800-900 transactions annually.
• Maintain books and records in compliance with FINRA, MSRB, SEC, and firm policies.
• Cross-train junior staff on workflows, processes, and compliance fundamentals.

Tools

Bloomberg

iPreo

EMMA

Job description

At Northland, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

Summary of the Job

The Senior Fixed Income Trading Desk Support is an experienced operational professional providing high-level support across the full lifecycle of new issue competitive deals and secondary market trading activity on the Fixed Income Trading Desk. This role requires deep expertise in new issue workflows, strong counterparty coordination skills, and the ability to execute independently under significant time pressure. This role serves as a critical backup to the Lead Fixed Income Trading Desk Support, including the ability to step in and facilitate closing calls when needed. This role also plays an important cross-training function, helping develop entry level team members in new issue workflows and operational best practices.

About This Role

New Issue Deal Support: Execute the full lifecycle of new issue competitive deal support independently, including DTCC eligibility, closing coordination, funds movement, and settlement. Serve as the backup closing call facilitator, stepping in to lead closing calls in the absence of the Lead Fixed Income Trading Desk Support. Assist in managing multiple simultaneous new issue deal workflows with accuracy and efficiency, contributing to the desk's capacity to process 800-900 transactions annually. Oversee daily trade flow processes to ensure timely and accurate trade capture, comparison, and settlement across new issues and secondary market activity. Resolve trade breaks, discrepancies, and settlement issues in coordination with operations, counterparties, and clearing firms. Maintain expert-level proficiency in Bloomberg, iPreo, EMMA, and other trading desk platforms central to new issue deal workflows.

Compliance and Regulatory Controls: Support FINRA, MSRB, SEC, and firm trading reporting under the guidance of the Lead Trading Desk Support. Assist in monitoring trade activity, exception reporting, and surveillance reviews in coordination with the Lead and Compliance. Maintain proper and accurate books and records in full compliance with applicable regulations and firm policies. Develop familiarity with and support maintenance of operational procedures, manuals, and process documentation. Remain current on evolving compliance and regulatory standards affecting fixed income trading desk operations.

Team Development and Cross-Training: Actively cross-train entry level Trading Desk Support staff on new issue workflows, operational processes, and compliance fundamentals. Serve as a day-to-day resource for junior team members, providing guidance and support on deal execution and operational questions. Support the Lead in workflow improvement initiatives, technology upgrades, and desk efficiency projects.

Operational Coordination: Coordinate with counterparties, clearing firms, and issuers throughout the new issue deal lifecycle. Support the Lead as a trading desk liaison to Operations for process alignment and escalation handling. Facilitate communication between traders, sales producers, operations, and compliance to resolve issues and streamline processes.

Key Skills

Strong knowledge of new issue competitive deal workflows including DTCC eligibility, closing coordination, funds movement, and closing call facilitation. Solid understanding of FINRA, MSRB, SEC, and firm regulatory requirements applicable to fixed income trading desk operations, including FINRA TRACE and MSRB/EMMA reporting. Exceptional accuracy and attention to detail in a high-volume, time-sensitive environment processing 800-900 deals annually. Professional communication skills with the ability to coordinate effectively across traders, sales, operations, compliance, and counterparties, and to facilitate closing calls when needed. Ability to identify and resolve trade breaks, settlement issues, and operational discrepancies quickly and accurately. Ability to cross-train and support the development of junior team members. Comfort navigating and managing multiple competing priorities in a dynamic, high-volume trading environment.

The Ideal Candidate for This Role

• Experience: 5 – 10 years of experience in fixed income trading desk support, operations, or a related function, with significant tenure supporting new issue competitive deal workflows.
• Licensing: FINRA licenses; SIE, Series 7, and Series 63.
• Desired: Education: Bachelor’s degree in finance, business, economics, or a related field preferred. Equivalent professional experience will also be considered.
• Candidates must possess unrestricted work authorization and not require future sponsorship.

Compensation

Compensation range (base pay): $79,363.00-$130,949.00 This role may have a specific starting pay within this range. Final compensation offer to candidate may vary from posted hiring range based upon work experience, education, and/or skill level.

Work Environment

It is anticipated that the incumbent in this role will work onsite at the posted location. Our onsite environment foster innovation, mentorship, and a vibrant culture where ideas flow freely and relationships flourish. As part of our team, you'll experience the energy of our collaborative spaces designed to support your professional growth while working alongside talented colleagues who inspire excellence daily. Please note that work location is subject to change based on business needs.

Benefits Overview

• Medical
• Dental
• Vision Insurance
• 401k
• With Matching Contributions
• Time Off Programs
• Health Savings Account (HSA)/Dependent Care Employee Banking Growth Opportunities Tuition Assistance Short-Term/Long-Term Disability Insurance

Learn more about our benefits here: https://www.fnbo.com/careers/benefits/.

Job Information

Job number: R-20261445

Application Deadline: All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.

Equal Opportunity & Belonging

We believe that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves—no matter their role or where they are in their journey. Learn more here.

Northland is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.

Northland is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC.

Northland follows federal law regarding the use of marijuana (this applies to all non-California applicants).

Company Background

Northland Securities, Inc., Member FINRA/SIPC, Registered with SEC and MSRB, is a diversified financial services firm, including investment banking and full-service broker-dealer divisions, offering investment and finance services for government entities, financial institutions, non-profit organizations, and individual investors. The firm is a leading underwriter of tax-exempt bonds in the Midwest, and is recognized for its equity markets research and specialization in finance and capital market access for corporate, government, and non-profit clients. Headquartered in Minneapolis, Minnesota, Northland Securities has branch offices in Colorado, Iowa, Michigan, Nebraska, Ohio, and Wisconsin. Our commitment is to deliver innovative financial services with integrity, insight, technical competence, and dedication to achieving the goals of our clients. We provide access to compelling financial options and technology, while guiding our clients through the challenging decision-making process— in an ever-changing marketplace— to a thorough, creative, and complete solution to meet their needs. Our professionals are committed to the highest levels of integrity and accountability, to do what is in the best interest of our clients, industry regulators, investors, and colleagues.

Northland is a subsidiary of First National of Nebraska Inc. (FNNI), a $35 billion multi-state holding company headquartered in Omaha, Nebraska, with a strong heritage of banking excellence that dates back 170 years.