Fixed Income Trader

The Fixed Income Trader will execute daily fixed income and derivative orders for portfolio managers, working within a global trading framework across the U.S., Europe, and Asia. This role strengthens U.S. fixed income capabilities while supporting multi‑asset trading alongside equities, FX, derivatives, and ETFs.

Client Details

A global investment manager is seeking an experienced Fixed Income Trader to join its New York-based trading team. This role is part of a collaborative, multi‑asset trading function that supports portfolio managers across regions. The firm emphasizes responsible investment practices and long‑term value creation, and the trading team plays a central role in bringing that philosophy to life through high‑quality execution and market expertise.

Description

Trading & Market Expertise

• Execute a broad range of fixed income instruments, including investment grade and high yield credit, rates products, emerging markets, and money markets.
• Trade OTC derivatives such as IRS, ILS, CDS (single name and index), swaptions, and TRS.
• Handle listed derivatives and FX products (spot, forwards, swaps, and options).
• Provide cross‑asset support as needed; experience with equities and ETFs is beneficial.

Partnership with Investment Teams

• Deliver high‑quality execution rooted in a strong understanding of portfolio managers' objectives.
• Contribute market color, relative value observations, and insights that enhance investment decisions.
• Leverage broker relationships and market intelligence to help drive performance.

Counterparty & Broker Management

• Build and maintain transparent, productive relationships with brokers and trading counterparties.
• Ensure the firm receives best‑in‑class service, liquidity access, and execution quality.

Key Relationships

• Internal: Portfolio Management
• External: Brokers, dealers, liquidity providers

Profile

Qualifications & Experience

• At least 5+ years of experience trading fixed income instruments and related derivatives.
• Strong command of major trading platforms (e.g., Bloomberg, BidFX, FXAll, Tradeweb, MarketAxess, Portware).
• Interest and aptitude in workflow enhancement through automation and digital solutions.
• Experience with OMS connectivity; Aladdin exposure is ideal.
• Advanced Excel and Bloomberg API skills; familiarity with Python, VBA, or Tableau is a plus.
• Ability to analyze and synthesize large data sets to refine trading decisions and improve outcomes.
• Deep understanding of compliance expectations and risk controls.
• Bachelor's degree in Finance, Economics, Engineering, Math, or a related quantitative field.

Core Competencies

• Strong execution discipline and product knowledge across fixed income and derivatives.
• Analytical mindset with comfort using data‑driven tools.
• Ability to form strong internal partnerships and communicate market insights clearly.
• Commitment to responsible conduct, transparency, and sound judgment in all trading activities.

Conduct Expectations

• Demonstrate integrity and sound ethical judgment in daily activities.
• Proactively identify potential risks and escalate when appropriate.
• Consider the impact of decisions on clients, colleagues, and the broader organization.

Job Offer

A competitive salary range of $145,000 to $180,000 USD per year.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.