Senior Fixed Income Trader

Wilmington Trust; Wilmington (DE); On-site; USD 68,000 - 114,000; Full time

Job summary

M&T Bank in Wilmington, Delaware seeks an experienced Fixed Income Trader to ensure timely and accurate execution of fixed income transactions, support portfolio managers, and communicate market trends to internal teams.

The role emphasizes adherence to risk appetite, internal controls, and regulatory standards while mentoring junior traders and coordinating with brokers to optimize trade outcomes. The position offers opportunities for professional growth and exposure to market-wide insights.

Qualifications

• Bachelor's degree and a minimum of 2 years’ fixed income trading experience, or a combined minimum of 6 years’ higher education and/or work experience including 2 years’ fixed income trading experience.
• MBA, CFA or CPA preferred.
• Minimum of 3 years’ fixed income trading experience.

Responsibilities

• Ensure timely and accurate execution of Fixed Income transactions by adhering to fixed income trading policies and communicating trade details to brokers and internal staff.
• Provide Portfolio Managers and other Investment professionals with market trends and security information; assist with portfolio construction and client presentations.
• Understand and adhere to risk and regulatory standards, policies and controls; escalate risk-related issues to management.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain internal control standards and address audit and regulator points as applicable.
• Complete other related duties as assigned.

Skills

Fixed income trading

Market trends analysis

Broker communications

Education

Bachelor's degree

MBA

CFA

CPA

Job description

Overview:

Stays informed of relevant conditions and trends about Fixed Income and specialized markets to detect changes to allow for timely planning and action of trade executions.

Primary Responsibilities:

• Ensure timely and accurate execution of Fixed Income transactions by adhering to fixed income trading policies, communicating trade details to brokers, authorized personnel and internal operational staff. Manage the trading desk and less experienced traders.
• Provide Portfolio Managers and other Investment professionals with market trends and security information. Assist Portfolio Managers with portfolio construction and client presentations.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Education and Experience Required:

Bachelor’s degree and a minimum of 2 years’ fixed income trading experience, or in lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ fixed income trading experience

Education and Experience Preferred:

Current pursuit of MBA (Master’s degree in Business Administration), CFA (Chartered Financial Analyst), or CPA (Certified Public Accountant)

Minimum of 3 years’ fixed income trading experience

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $68,400.00 - $114,000.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:

Wilmington, Delaware, United States of America