Senior Fixed Income Trader

M&T Bank Corporation; Wilmington, Northern (DE, KY); Hybrid; USD 68,000 - 114,000; Full time

Job summary

M&T Bank Corporation in Wilmington, Delaware seeks an Fixed Income Trader I to execute and manage fixed income transactions, monitor market activity, and provide market intelligence to the investment team.

You will work with senior traders and portfolio managers to support trading and settlement, analyze market data, and contribute to portfolio construction while ensuring regulatory compliance and operational excellence.

Qualifications

• Bachelor's degree and a minimum of 2 years experience in the financial services industry.
• In lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ financial services and/or fixed income trade experience.

Responsibilities

• Execute fixed income transactions in accordance with established investment guidelines, trading policies, and best execution standards under the supervision of senior trading personnel.
• Monitor market conditions, interest rate movements, credit developments, and trading activity to identify relevant trends and opportunities.
• Communicate trade information accurately and timely with brokers, portfolio managers, compliance personnel, and operations teams to ensure efficient trade processing and settlement.
• Support portfolio managers by providing market updates, security information, pricing information, and liquidity analysis.
• Assist with portfolio construction efforts by gathering and analyzing fixed income market data and investment opportunities.
• Develop and maintain working relationships with broker‑dealers, trading counterparties, and internal stakeholders.
• Ensure compliance with all applicable regulatory requirements, firm policies, risk controls, and trading procedures.
• Identify operational, compliance, or market‑related issues and elevate concerns appropriately.
• Support client presentations, investment committee materials, and market commentary by providing trading and market insights.
• Contribute to a collaborative and inclusive team environment that reflects the values and standards of M&T Bank and Wilmington Trust.
• Participate in ongoing professional development and training programs to strengthen fixed income market knowledge and trading skills.
• Perform additional duties and special projects as assigned.

Skills

Analytical skills

Market data interpretation

Attention to detail

Communication

Excel

Education

Bachelor's degree or equivalent experience

CFA designation (pursuit)

Tools

Bloomberg

MarketAxess

Tradeweb

Job description

Overview

The Fixed Income Trader I supports the execution and management of fixed income investment transactions across a variety of markets and asset classes. This role works closely with senior traders, portfolio managers, analysts, and operations personnel to facilitate efficient trade execution, monitor market activity, and provide market intelligence to the investment team. The successful candidate will develop expertise in fixed income securities, trading platforms, market structure, and regulatory requirements while contributing to the investment process.

Primary Responsibilities

• Execute fixed income transactions in accordance with established investment guidelines, trading policies, and best execution standards under the supervision of senior trading personnel.
• Monitor market conditions, interest rate movements, credit developments, and trading activity to identify relevant trends and opportunities.
• Communicate trade information accurately and timely with brokers, portfolio managers, compliance personnel, and operations teams to ensure efficient trade processing and settlement.
• Support portfolio managers by providing market updates, security information, pricing information, and liquidity analysis.
• Assist with portfolio construction efforts by gathering and analyzing fixed income market data and investment opportunities.
• Develop and maintain working relationships with broker‑dealers, trading counterparties, and internal stakeholders.
• Ensure compliance with all applicable regulatory requirements, firm policies, risk controls, and trading procedures.
• Identify operational, compliance, or market‑related issues and elevate concerns appropriately.
• Support client presentations, investment committee materials, and market commentary by providing trading and market insights.
• Contribute to a collaborative and inclusive team environment that reflects the values and standards of M&T Bank and Wilmington Trust.
• Participate in ongoing professional development and training programs to strengthen fixed income market knowledge and trading skills.
• Perform additional duties and special projects as assigned.

Knowledge, Skills, and Abilities

• Basic understanding of fixed income markets, securities, and investment concepts.
• Strong analytical skills.
• Ability to interpret market data and communicate findings effectively.
• Excellent attention to detail and organizational skills.
• Strong verbal and written communication abilities.
• Ability to work in a fast‑paced, team‑oriented environment.
• Proficiency in Microsoft Excel and other financial applications.
• Familiarity with Bloomberg, MarketAxess, Tradeweb, or similar trading and analytical platforms is preferred.

Education and Experience Required

Bachelor's degree and a minimum of 2 years experience in the financial services industry; in lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ financial services and or fixed income trade experience.

Education and Experience Preferred

• Exposure to asset management, capital markets and fixed income markets preferred.
• Internship or work experience within investment management, fixed income markets, treasury, trading, or capital markets.
• Progress toward CFA (Chartered Financial Analyst) designation or other relevant industry certifications.
• Exposure to institutional fixed income products such as corporate bonds, municipal bonds, U.S. Treasuries, agency securities, or securitized products.
• Current pursuit of MBA (Master’s degree in Business Administration), CFA (Chartered Financial Analyst), or CPA (Certified Public Accountant)

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

About M&T Bank

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long‑lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we’re proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more.

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.