High Yield Trader

7 days ago


Chicago, Illinois, United States Northern Trust Full time
About Northern Trust Asset Management

We are a premier asset management firm, focusing on delivering unique insights and superior risk-adjusted returns in partnership with our clients.

We measure success as achieving investors' desired outcomes and delivering an exceptional client experience, rather than simply beating a benchmark.

We work hard to provide clarity, to minimize complexity, to explain risk, and to avoid unexpected surprises.

We are client-focused and committed to upholding the strongest ethics and integrity.

Job Description:

We are actively seeking a high yield trader who will immediately contribute to our team's investment process.

This role offers an exciting opportunity to sit at the center of our process, implementing portfolio manager and analyst views into actionable trades.

The ideal candidate will have a strong background in fixed income, particularly leveraged finance markets, and have a deep understanding of market protocol, flows, and liquidity.

The candidate should have extremely strong communication skills; a key responsibility will be managing the flow of information internally, as well as maintaining and developing external trading relationships.

Additionally, the candidate will be expected to contribute to process improvements, should be comfortable with implementing new technology, and working with large datasets.

Responsibilities:
  • Execute trades across various high yield strategies (active, passive, and systematic).
  • Ensure best execution practices are adhered to within the context of trade objectives.
  • Manage the new issue process for relevant high yield strategies.
  • Strategize with internal partners regarding trade implementation and provide feedback as market conditions change.
  • Collect and synthesize data with the ability to convert into reports and presentations to monitor investment and trading strategies across various strategies.
  • Maintain portfolio risk and exposures across accounts within composites to minimize performance dispersion.
  • Take an ownership approach to developing and improving overall processes of the centralized fixed income desk.
Requirements:
  • At least three years of experience in a fixed income trading capacity, specifically within the high yield market.
  • Strong communication skills, internally and externally.
  • Understanding of credit portfolio management, credit analysis, and identifying relative value.
  • Experience using multiple platforms, including Bloomberg, Aladdin, MarketAxess, TradeWeb, TruMid, etc.
  • Experience with interest rate futures. Credit derivative and CDX knowledge a plus.
  • Strong academic track record, CFA/MBA preferred or progress towards.
  • Ability to remain calm and objective regardless of market volatility.
  • Committed to upholding the strongest ethics and integrity.
  • Experience working with large datasets and familiarity with Python a plus.
About Working with Us:

As a Northern Trust partner, greater achievements await.

You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies.



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