Fixed Income Sales Trader
:
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. Fifth Third Securities - Analyst II, Fixed Income Trader 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 Financial Institution Group within our Securities division provides origination, trading and distribution of Preferred Notes, Certificates of Deposit, Share Certificates, Corporate Debt (Notes & Bonds), Commercial Paper, and Structured Products. The Analyst I, Fixed Income Trading is an entry level role that supports the Desk through multiple tasks throughout the day, which could include the trading & hedging of positions, assisting with the management of issuer relationships, underwriting & origination, servicing institutional clients, servicing retail clients, and coverage of financial institutions. Essential Duties & Responsibilities Trading - Responsible for trading and risk management activity for one or more asset class
- Responsible for issuer relationships and financial institution coverage
- 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 working relationships with national and regional brokers and dealers
- 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, Fixed Income Trading as needed to meet requests from partners
- Responsible for informing manager on all issues that may impact the business or create operational inefficiencies
Business Development - 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 sales strategy sessions, process improvement projects, market update calls (internal and external), as needed
Minimum Knowledge, Skills and Abilities Required - License: Securities Industry Essentials (SIE), Series 7, Series 63 preferred
- Education: Bachelor's degree required, a degree in finance, economics, mathematics, statistics, or related fields preferred.
- Experience: One to two years banking or securities industry experience preferred
- Broad knowledge of all macroeconomics is preferred
- Broad knowledge of all fixed income classes is a plus
- Broad knowledge of Trading Environment is a plus
- Broad knowledge of accounting concepts is preferred
- Expertise with Microsoft Excel is a plus
- Familiarity with Bloomberg is preferred
- Attention to detail and high operational accuracy is needed
- Able to prioritize and multi task in a fast paced environment.
- Excellent interpersonal, written, verbal, and communication skills.
Fixed Income Sales Trader Total Base Pay Range 72,100.00 - 137,200.00 USD Annual LOCATION - New 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.
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