Securities Trader II

Old National Bank; Minneapolis (MN); On-site; USD 62,300 - 122,400; Full time

Job summary

Old National Bank in Minneapolis is seeking a Securities Trader to manage trading within investment portfolios. The role involves execution of trades, evaluation of fixed income securities, and collaboration with Portfolio Managers and Wealth Advisors.

Qualified candidates will have a Bachelor's Degree in Finance and 1 to 3 years of relevant trading experience. Proficiency with Bloomberg and Excel is also required. Join a team committed to social responsibility and inclusivity.

Qualifications

• 1 to 3 years of related securities or fixed income trading experience.
• Proficiency with financial trading technology.
• Ability to multi-task and respond to trading issues.

Responsibilities

• Execute trades accurately and efficiently.
• Evaluate fixed income securities for portfolios.
• Support Portfolio Managers in managing client portfolios.

Skills

Critical thinking

Attention to detail

Organization skills

Financial data evaluation

Education

Bachelor's Degree in Finance or related field

Tools

Bloomberg

Excel

Job description

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We offer a unique opportunity to join a growing, community and client‑focused company that is firmly rooted in its core values.

Responsibilities

The Securities Trader role is responsible for all aspects of trading in Old National Wealth Management investment portfolios. There are multiple trading positions divided between Stocks/Equity, Municipal Bonds, and Government and Corporate securities. All traders work closely with Portfolio Managers, Wealth Advisors, and certain customers by providing guidance and expertise within the Fixed Income and Equity markets.

Salary Range

The salary range for this position is $62,300 - $122,400 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Trade Evaluation and Execution

• Provide accurate and efficient execution of trades.
• Possess the skills to evaluate fixed income securities and their suitability for individual portfolios, including the ability to leverage trading relationships to assist Portfolio Managers and Wealth Advisors in managing the assets of the firm.
• Provide support to Portfolio Managers and Wealth Advisors by assisting with planning changes to client portfolios based on current needs and/or market conditions.

Skills, Research, and Account Responsibilities

• Develop a broad understanding of the trading function with a solid awareness of the types of trades within each security type and the ability to understand financial data.
• Maintain a proficient knowledge of the technology utilized for trading and account management.
• Participate as a contributing member of the fixed income research and strategy team.
• Manage accounts that require singular security types while maintaining an understanding of the account strategy.

Critical Thinking and Problem Solving

• Demonstrate the ability for critical thinking and problem solving along with the ability to multi‑task.
• Respond intuitively to resolving trading issues and settlement problems by using skills obtained through experience.

Qualifications and Educational Requirements

• Bachelor's Degree in Finance or related field.
• 1 to 3 years of related securities or fixed income trading experience (Job level will depend on experience level. Security Trader I requires less than 1 year experience; Security Trader II requires 1‑3 years of related experience.)
• Technology experience:
  • Proficiency with Bloomberg is required.
  • Proficiency with Excel is required.
• Possess strong organization skills with a proficiency for attention to detail.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.