Senior Trader, NTSI Fixed Income 82013 Requisition # Apr 16, 2020 Post Date Summary The Senior Trader on our Northern Trust Securities Fixed Income team executes fixed income trades with minimal market impact. Ensures that each trade is handled equitably and settled properly. Monitors securities prices and communicates them to portfolio managers when necessary. Monitors market place developments to maintain up-to-date knowledge of the investment industry. Informs portfolio managers of alternate trading strategies. Major Duties 1. Executes Fixed Income trades with minimal market impact. 2. Ensures that trade orders are executed fairly and equitably (e.g. prompt execution without bias toward originating source). 3. When appropriate, apprises portfolio managers and other appropriate parties of relevant information affecting securities prices (e.g. trading volume, etc.). 4. Ensures that trades have appropriate information to settle properly. 6. Responds to client and partner inquiries as needed. 7. Maintains up-to-date knowledge of applicable rules and regulations governing investments and trading. 8. Conducts trading activity with the speed and accuracy required to obtain the most favorable execution. 11. Develops and refines trading procedures and custom reporting to clients. 12. When appropriate, follows index constitutions and advises portfolio managers to make changes. 13. Recommends trading alternatives. 14. Ensures that appropriate enabling documentation is in file and that appropriate procedures and conventions (i.e., levels of collateral etc.) are followed. Knowledge/Skills Required
- Knowledge of investment instruments, general industry practices, market structures, execution and measurement techniques, trust trading guidelines, regulatory environment and specific securities laws and regulations, usually acquired through completion of a four year degree or work experience, to ensure the most sophisticated level of trade execution for clients.
- Knowledge of the context in which trading activity occurs, acquired through work experience, to execute trades with minimal market impact.
- Ability to recognize circumstances calling for difficult execution methodologies.