Managing Director, Fixed Income Trading

3 days ago

New York, United States Fifth Third Full time
Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

General Function:

Fifth Third Securities provides issuers and investors with the tools they need to manage capital and investment needs. The trading team provides Primary and Secondary market liquidity in specified market sectors.

The Managing Director, Fixed Income Trading is a leadership role that supports the ABS team through the trading & hedging of positions, and servicing Fifth Third clients. The role will directly report to the Managing Director of Trading or the Head of FICC Trading.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties & Responsibilities

Trading
  • Responsible for trading and risk management activity for one or more industry sectors
  • Lead the formulation of trading strategies
  • Trade fixed income securities in support of Institutional and Retail Sales representatives
  • Balance, reconcile and manage inventory positions within policy limits
  • Provide pricing and valuation on fixed income transactions and inventory
  • Process trades on clearing systems in a timely manner and ensure transactions adhere to FTS compliance standards
  • File appropriate regulatory reports on timely basis, as needed
  • Maintain awareness around relevant news/market events/regulatory changes that may impact pricing, hedging, risk strategies, etc.
  • Develop and maintain working relationships with internal partners such as compliance and risk management and work with the Managing Director, Head of FICC Trading as needed to meet requests from partners
  • Responsible for informing manager and Head of Trading on all issues that may impact the business or create operational inefficiencies
  • May oversee trading staff (when appropriate) and assist with the development of associate traders
  • Maintain oversight and ensure transactions adhere to high industry standards
Business Development
  • Provide secondary market liquidity for clients (Investors) while maintaining client relationships with active ABS market participants (e.g., Insurance Companies, Asset Managers, Pension Funds, etc.)
  • Provide product training to Institutional and Retail sales executives through formal training sessions and/or informal daily communications
  • Maintain knowledge of prior transactions to find identify opportunities with existing accounts given changes in interest rates or broader market conditions
  • Participate in strategy sessions, process improvement projects, market update calls (internal and external), as needed
  • Maintain active dialogue with Issuers to keep them abreast of their current pricing, overall market, and establish a communication cadence with all current and potential issuers
  • Develop and maintain relationships with internal and external partners
  • Work closely with the Global Head of FICC to create and complete new product initiatives and bring new business ideas to the forefront
  • Develop and maintain relationships with other dealers and liquidity providers, as needed
  • Drive general FTS strategic initiatives
Supervisory Responsibilities
  • Create and sustain a positive and supportive team environment through words and deeds
  • Ensure that the people, strategy, and organizational capabilities are aligned to the overall business strategy
  • Measure the department's employees by assisting in establishing performance standards and comparing actual performance against those standards
  • Develop and mentor team members through timely and candid feedback regarding performance, career growth, opportunities, etc.
  • Provide input into staffing, performance ratings, and salary recommendations, as requested
  • Actively engage in new employee and graduate recruitment, training and other human-capital related processes
Minimum Knowledge, Skills and Abilities Required
  • Licenses: Securities Industry Essentials (SIE), Series 7, Series 63 required
  • Minimum of 10+ years of relevant experience in fixed income or other markets
  • Education: Bachelor's degree in Business, Finance, Math, or MBA degree
  • Proven track record of success in working as a part of a team to originate and close complex financial transactions
  • Leadership experience and history of involvement in key decisions around growing a financial services business
  • Possesses mathematical knowledge to manage market risk related to Fixed Income markets
  • Proficient in the use of relevant software packages Bloomberg, MS Excel, Intex, T-REX
  • Strong mentoring and leadership skills


Managing Director, Fixed Income Trading

Compensation for this position is largely incentive-based. Incentives are combined with either a base salary or a draw, resulting in total cash compensation. More information can be obtained upon request.

LOCATIONNew York, New York 10020

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

  • Director – Fixed Income Compliance Officer

    4 months ago

    New York, United States Madison-Davis, LLC Full time

    A global bank located in Midtown Manhattan looking to bring on board a “Director – Fixed Income Compliance Officer” to join their team. This role is currently in a hybrid schedule (2 days in office).Responsibilities:• Responsible for providing regulatory and compliance advice to business units, identify and provide training and conduct monitoring of...

  • Fixed Income Regulatory Expert

    6 days ago

    New York, New York, United States Michael Page Full time

    Job SummaryWe are seeking a highly skilled Fixed Income Regulatory Expert to join our team at Michael Page. This is an exciting opportunity for a professional with experience in fixed income surveillance and advisory to take on a key role in ensuring the firm's compliance.About the RoleThe successful candidate will be responsible for overseeing the fixed...

  • Senior Fixed Income Portfolio Manager

    6 days ago

    New York, New York, United States Jane Street Full time

    About the PositionWe are seeking a seasoned Fixed Income Trader to collaborate with our ETF Trading team in executing trades on the secondary market. As a key member of our team, you will make a significant impact by leveraging your expertise in fixed income ETFs and their underlying securities to enhance our trading approach.Your role will involve working...

  • Fixed Income Compliance Officer

    3 weeks ago

    New York, United States TP ICAP Full time

    Group Overview The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior...

  • Director – Fixed Income Compliance Officer

    2 months ago

    new york city, United States Madison-Davis, LLC Full time

    A global bank located in Midtown Manhattan looking to bring on board a “Director – Fixed Income Compliance Officer” to join their team. This role is currently in a hybrid schedule (2 days in office).Responsibilities:• Responsible for providing regulatory and compliance advice to business units, identify and provide training and conduct monitoring of...

  • Director – Fixed Income Compliance Officer

    2 months ago

    new york city, United States Madison-Davis, LLC Full time

    A global bank located in Midtown Manhattan looking to bring on board a “Director – Fixed Income Compliance Officer” to join their team. This role is currently in a hybrid schedule (2 days in office).Responsibilities:• Responsible for providing regulatory and compliance advice to business units, identify and provide training and conduct monitoring of...

  • Fixed Income Compliance Officer

    4 weeks ago

    New York, United States TP ICAP Full time

    Group Overview The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior...

  • AVP - Fixed Income Advisory

    2 weeks ago

    New York, United States Michael Page Full time

    Assist in the advisory and overarching core compliance of the firm from a fixed-income perspective. Client DetailsClient is a large (12,000+ employee) global financial institution offering a wide variety DescriptionOversee the fixed income supervision and surveillance programEnsure accuracy of written supervisory procedures and organizational...

  • Director – Fixed Income Compliance Officer

    4 weeks ago

    New York, NY, United States Madison-Davis, LLC Full time

    A global bank located in Midtown Manhattan looking to bring on board a “Director – Fixed Income Compliance Officer” to join their team. This role is currently in a hybrid schedule (2 days in office).Responsibilities:• Responsible for providing regulatory and compliance advice to business units, identify and provide training and conduct monitoring of...

  • Regulatory Compliance Specialist

    6 days ago

    New York, New York, United States TP ICAP Full time

    About UsTP ICAP is a leading global provider of market infrastructure, dedicated to delivering innovative solutions for clients. Our purpose is to improve price discovery, liquidity, and data distribution through responsible and forward-thinking approaches.Job SummaryWe seek a highly skilled Regulatory Compliance Specialist to join our Americas Compliance...

  • Fixed Income Analyst

    4 days ago

    New York, United States Analytic Recruiting Inc. Full time

    Manhattan-based hedge fund is looking to add a fixed-income investment analyst to the Investment Portfolio team. This data-intensive position offers the opportunity to directly influence the firm’s investment strategies by providing crucial analysis and insights that guide capital allocation and portfolio management decisions. The role would suit someone...

  • Senior Associate

    1 month ago

    New York, United States MarketAxess Full time

    About Us  MarketAxess is on a journey to digitally transform one of the world’s largest financial markets, enabling the shift from analog, phone-based trading to a fully electronic marketplace. Why does this matter? Because our platform makes trading fixed-income more accessible, ultimately improving transparency, efficiency, and competition in the...

  • Surveillance Analyst Fixed Income

    3 weeks ago

    New York, United States TP ICAP Full time

    Group Overview The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior...

  • Surveillance Analyst Fixed Income

    4 weeks ago

    New York, United States TP ICAP Full time

    Group Overview The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior...

  • Fixed Income Operations Associate

    22 hours ago

    New York, NY, United States Marex Spectron Full time

    Diversified. Resilient. Dynamic. Marex is a global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment...

  • Fixed Income SWE

    2 days ago

    New York, United States GQR Global Markets Full time

    Software Engineer (Python) -a leading investment firm, is seeking an experienced and dynamic Senior Software Engineer to join a new team working on pioneering projects in Capital Structure Arbitrage (Cap Arb). This role lies at the intersection of sophisticated technology and innovative investment strategies, designed to support some of the most talented...

  • Fixed Income Investment Analyst

    5 days ago

    New York, United States Analytic Recruiting Inc. Full time

    Responsibilities: The role will generate several important risk reports for the firm and its clients. Using Excel to generate reports Monthly Allocation or Sector Exposure Report – requires updating data Return Forecasting Expectations Report – create reports, tables, and visualizations for senior management Trade Data Report- Category of Trades by...

  • Fixed Income Sales Specialist

    6 days ago

    New York, New York, United States Banque Nationale du Canada Full time

    Unlock your full potential in a dynamic environment with Banque Nationale du Canada's FICC Institutional Sales team. As a Fixed Income Sales Specialist, you will be an integral part of our New York office, supporting and growing coverage of Fixed Income/Rates clients.You will work closely with senior sales team members to cover existing clients, attend...

  • Results Driven Fixed Income Sales Professional

    2 days ago

    New York, New York, United States BNY Full time

    At BNY Mellon, we empower our employees to grow and succeed in a dynamic global financial services company. With nearly 20% of the world's investible assets under management, our team touches every corner of the financial system.We're a leader in innovation and diversity, recognized as a top workplace for innovators, disability inclusion, and gender...

  • Senior Software Developer

    1 week ago

    New York, United States Saxon Global Full time

    Position: Senior Software Developer (Fixed Income STP)-NYC-4 days a week in office Streaming Edge NYC, NY 150K- plus bonus4 days a week in the office must are C#.NET 4.5 Fixed Income SQL Server Database development STP About the job MUST HAVE C#, FIXED INCOME, AND ELECTRONIC TRADE CLEARING (MARKITWIRE, BLOOMBERG, REUTERS,ETC..). Overview: The ideal candidate...