Senior Fixed Income Trader

Northern Trust; Chicago (IL); On-site; USD 116,000 - 157,000; Full time

Benefits offered by this job

401k

Pension

Medical insurance

Dental insurance

Vision insurance

Paid time off

Parental leave

Bonus program

Job summary

Northern Trust is seeking a Senior Fixed Income Trader in the United States to execute fixed income transactions with discipline and precision. The role requires monitoring market conditions, managing order flow, and communicating pricing movements to portfolio managers and stakeholders.

Responsibilities include executing trades, ensuring timely settlements, and maintaining liquidity with counterparties while adhering to controls and governance standards.

Qualifications

• 5–7 years of fixed income trading experience.
• Strong knowledge of fixed income investments and market practices.
• FINRA licenses 7, 52, and 63 required; 53 a plus.

Responsibilities

• Executes fixed income trades with minimal market impact and costs.
• Ensures fair, timely, and unbiased trade execution.
• Partners with clients and internal stakeholders on investment ideas and strategy implementation.
• Communicates market developments and pricing impacts to portfolio managers and other stakeholders.
• Ensures accurate and timely trade settlement under established controls.
• Maintains relationships with counterparties to support trading execution and liquidity management.
• Responds promptly to client, portfolio management, and internal partner inquiries.
• Maintains knowledge of applicable regulations, industry practices, and trading requirements.

Skills

Fixed income trading

Market analysis

Decision making

Regulatory awareness

Education

Bachelor's degree

Tools

FINRA 7

FINRA 52

FINRA 63

Series 53+

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Senior Fixed Income Trader

The Senior Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role requires close monitoring of market conditions, disciplined management of order flow, and effective communication of relevant pricing and market developments to portfolio managers and key stakeholders.

Major Duties

• Executes fixed income trades while minimizing market impact and transaction costs.
• Ensures fair, timely, and unbiased trade execution.
• Partners with clients and internal stakeholders on investment ideas and strategy implementation.
• Communicates market developments and pricing impacts to portfolio managers and other stakeholders.
• Ensures accurate and timely trade settlement in accordance with established controls.
• Maintains relationships with counterparties to support trading execution and liquidity management.
• Responds promptly to client, portfolio management, and internal partner inquiries.
• Maintains knowledge of applicable regulations, industry practices, and trading requirements.
• Adheres to trading procedures, risk controls, and governance standards.

Qualifications

• Preferred: College or University degree.
• 5-7 yrs prior experience in fixed income trading or a closely related trading role.
• Strong knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment, and relevant securities laws, typically acquired through on-the-job experience and/or completion of a four-year degree, to support effective fixed income trade execution.
• Demonstrated ability to assess market events, exercise sound judgment, and make timely decisions in dynamic market conditions.
• FINRA Securities Licenses 7, 52, and 63 required; Series 53 is a plus.
• Versatility across multiple fixed income products, supporting broader market insight and cross-product collaboration.

Salary and Benefits

Salary Range: 116,100 to 156,700 USD Salary range is a good faith estimate of base pay.

Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Terms and Conditions

• Candidate Privacy Notice
• California Applicant Privacy Notice
• Pay Transparency
• Nondiscrimination Provision (U.S)
• Transparency in Coverage Disclosure – North America

EEO STATEMENTS

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants.

Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EEO STATEMENTS (Canada)

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EEO STATEMENTS (EMEA)

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants.

Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

EEO STATEMENTS (USA)

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.