Fixed Income Trader

Charles Schwab; San Francisco (CA); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

401(k) with company match

Paid time off and sabbatical after 5+2

Parental leave and family building

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Schwab Asset Management seeks a Fixed Income Trader focused on APAC markets to execute non-USD bonds and related instruments, while navigating evolving market conditions and trading protocols. You will collaborate with investment, risk, and operations teams to optimize execution and cost efficiency.

The role requires a Bachelor’s degree and 5+ years of buy-side or sell-side experience in fixed income, with APAC exposure, and flexibility to work overnight hours (6pm–3am CT).

Qualifications

• Bachelor's degree required.
• 5+ years of fixed income and derivatives trading experience, APAC focus.
• Experience executing non-USD bonds and related instruments.
• Familiarity with APAC market structures and trading protocols.
• Experience with MarketAxess or Tradeweb platforms.
• Ability to analyze pre- and post-trade data and cost analysis.
• Strong problem-solving and decision-making in fast markets.
• Ability to collaborate across investment, risk, operations, technology, and trading relationships.
• Willingness to adapt hours as coverage evolves.
• Excellent written and verbal communication.

Responsibilities

• Develop execution strategies for fixed income trades.
• Select dealers and venues to optimize costs and outcomes.
• Evaluate transaction costs and apply post-trade insights.
• Collaborate with PM, risk, operations, tech, and external traders.
• Support expansion of non-USD capabilities and coverage hours.

Skills

Fixed income trading

APAC markets

Trade execution

Data analysis

Cross-functional collaboration

Communication skills

Overnight shift

Education

Bachelor's degree

Tools

MarketAxess

Tradeweb

Job description

Your opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us challenge the status quo and transform the finance industry together.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

Schwab Asset Management manages mutual funds, ETFs, collective investment trusts, and separately managed accounts across active and indexed investment strategies. As a Fixed Income Trader focused on the APAC region, you will help deliver strong investment outcomes by executing non-USD bonds, futures, and select USD fixed income transactions while navigating evolving market conditions, trading protocols, and regional requirements.

You will apply analytical thinking and sound decision making to develop execution strategies, select dealers and venues, evaluate transaction costs, and use post-trade insights to improve future outcomes. Through cross-functional collaboration with portfolio management, credit research, investment risk, ETF capital markets, trade operations, and external market participants, you will resolve complex trading issues and strengthen scalable workflows and controls. As Schwab’s non-USD capabilities grow, you will adapt coverage across global market hours and contribute expertise in fixed income market structure, technology, and emerging investment solutions.

What you have

Required qualifications

• Bachelor’s degree.

• 5+ years of relevant buy-side and/or sell-side fixed income and derivatives trading experience, with the majority focused on APAC markets.

• Demonstrated fixed income trade execution experience across non-USD bonds, futures, and related instruments.

• Knowledge of APAC fixed income market structures, trading protocols, venues, and applicable regulatory requirements.

• Experience using fixed income trading platforms such as MarketAxess or Tradeweb.

• Ability to analyze pre- and post-trade data, apply transaction cost analysis, and make informed execution decisions.

• Demonstrated problem-solving and decision-making skills in fast-moving or evolving market conditions.

• Ability to collaborate across investment, risk, operations, technology, and external trading relationships.

• Ability to adapt priorities and working hours as regional product coverage and business needs evolve.

• Strong written and verbal communication skills.

• Ability to work a flexible, overnight schedule, between the hours of 6pm – 3am CT

Preferred qualifications

• MBA or CFA designation.

• Experience trading fixed income instruments across regions outside APAC.

• Experience improving trading workflows, procedures, controls, or execution technology.

• Experience with data manipulation, workflow design, or coding.

• Experience supporting ETF primary-market activity.

• Knowledge of global fixed income market structure, trading technology developments, or tokenized investment solutions.

In addition to the salary range, this role is eligible for bonus or incentive opportunities.

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance