Fixed Income Trader

CFA Institute; Houston (TX); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Retirement plan with match

Paid time off

Job summary

CFA Institute in Houston, TX seeks a Fixed Income Trader to execute and manage trades across fixed income securities, providing price discovery and market color to portfolio managers while managing risk. You will execute trades in government and corporate bonds, monitor markets, and coordinate with operations to ensure accurate settlement, while building relationships with dealers.

Strong quantitative skills and proficiency with Bloomberg, MarketAxess, and Excel are required, with a Bachelor's

Qualifications

• Bachelor's degree in finance, economics, or related field; CFA or advanced degree a plus.
• Proficiency with trading/analytics platforms such as Bloomberg, MarketAxess, and Excel.
• Solid understanding of fixed income products, yield curve dynamics, duration and convexity.

Responsibilities

• Execute trades in fixed income instruments including government bonds, corporate bonds, agency mortgage-backed securities and agency debentures.
• Solicit competitive bids and offers, manage bid/ask spreads, and source liquidity across broker dealers, and electronic trading platforms.
• Monitor markets, research, interest rate movements, credit spreads, and macroeconomic developments, and communicate relevant market color to portfolio managers.
• Partner with portfolio managers to implement investment strategies and execute orders efficiently while minimizing market impact and transaction costs.
• Maintain accurate trade records and ensure timely, accurate trade capture, confirmation, and settlement in coordination with operations team.
• Build and maintain relationships with sell-side dealers, brokers, and trading counterparties.
• Ensure all trading activity complies with regulatory requirements, firm policies, internal controls, and cooperate with compliance, risk, and audit functions.

Skills

Quantitative analysis

Communication skills

Attention to detail

Education

Bachelor's degree in finance/economics

CFA or advanced degree

Tools

Bloomberg

MarketAxess

Excel

Job description

Department

Department: Trading / Fixed Income Reports to: Chief Investment Officer

Location

Location: Houston, TX / On-site Employment type: Full-time, exempt

Position Summary

We are seeking a Fixed Income Trader to execute and manage trades across fixed income securities on behalf of the firm and its clients. The trader will be responsible for price discovery, execution, providing market color to portfolio managers, and managing risk within established limits. The ideal candidate combines strong quantitative ability, sound market judgment, and can perform under pressure in fast-moving markets.

Key Responsibilities

• Execute trades in fixed income instruments including government bonds, corporate bonds, agency mortgage-backed securities and agency debentures.
• Solicit competitive bids and offers, manage bid/ask spreads, and source liquidity across broker dealers, and electronic trading platforms.
• Monitor markets, research, interest rate movements, credit spreads, and macroeconomic developments, and communicate relevant market color to portfolio managers.
• Partner with portfolio managers to implement investment strategies and execute orders efficiently while minimizing market impact and transaction costs.
• Maintain accurate trade records and ensure timely, accurate trade capture, confirmation, and settlement in coordination with operations team.
• Build and maintain relationships with sell-side dealers, brokers, and trading counterparties.
• Ensure all trading activity complies with regulatory requirements, firm policies, internal controls, and cooperate with compliance, risk, and audit functions.

Qualifications

• Bachelor’s degree in finance, economics or related field; advanced degree or CFA a plus.
• Proficiency with trading and analytics platforms such as Bloomberg, MarketAxess, and Excel.
• Strong understanding of fixed income products, yield curve dynamics, duration and convexity.

Skills and Attributes

• Excellent quantitative and analytical skills with strong attention to detail.
• Strong verbal and written communication skills for interacting with portfolio managers, broker dealers and client service/marketing.
• High level of integrity and commitment to ethical and compliant conduct.

Compensation and Benefits

• Competitive base salary commensurate with experience, plus bonus. ($70-$100k)
• Health, dental, and vision insurance; retirement plan with match; paid time off; and other benefits as applicable.