Associate Fixed-Income Principal Trader
Core
Licensed fixed-income trader on a principal trading desk managing municipal securities inventory, executing independent buying/selling decisions, and applying risk controls.
Role type
Associate Fixed-Income Principal Trader
Builds
Principal trading inventory and risk-managed positions for firm capital
Domain
Fixed-income capital markets / Municipal securities
Required skills
Fixed-income knowledge, Municipal securities expertise, Pricing judgment, Relative-value analysis, Inventory management, Hedging strategies, Risk assessment, Regulatory reporting, Dealer relationship management, Independent decision-making
Preferred skills
5-7 years trading experience, Credit analysis, Yield curve interpretation, Market technicals analysis, Trading platform proficiency
Technologies
Trading platforms, Market data systems, Risk management tools
Responsibilities
Execute end-to-end principal fixed-income transactions within authority limits, Manage assigned inventory positioning and bid coverage, Evaluate relative value and market movements to improve profitability, Establish hedge positions including U.S. Treasury shorts, Convert market and order-flow developments into actionable recommendations, Explain complex concepts to advisors and build dealer relationships, Apply risk controls for market, liquidity, and concentration exposures, Own desk-development deliverables and knowledge transfer
Seniority
Associate, hands-on IC