Address
Form of workAbout Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Northern Trust Asset Management | Global Fixed Income
High Yield Trader
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.
Who We Are
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
We have a clear mission: deliver superior investment performance and client service to our clients.
We are intellectually curious
We constantly search for "what we don't know" - keeping an open mind to new ways of improving our investment process and interactions with our clients.
We are always seeking diversity of thought
We work as a team that values diversity and inclusion. That extends to diversity of thought and open communication.
We are collaborators
We foster a culture of collaboration in which we learn from and inspire one another. That collaboration extends to our clients where collaboration can lead to real problem solving.
We are innovators
We have intentionally organized our global fixed income professionals around core competencies as it relates to sources of risk. A focus on core competency, with investors close to the ground, keeps us connected to market innovations as we maintain a foundational view of risk. This model creates flexibility - and when combined with our technology model, it allows us to be innovative in partnership with our clients.
We are responsible investors
As stewards of capital, we believe we have a responsibility to our clients to have an active understanding of the risks posed by non-financial risks. Our teams have access to a proprietary data model which enables them to evaluate a wide variety of applicable metrics across environmental, social and governance factors. We believe this is part of a comprehensive fundamental research process as well as an integral part of the risk management process. It can also be a source of alpha.
Our Culture
In simple terms our culture can best be described as empowerment with accountability.
Our culture is based upon the power of the idea and not the source. It is disciplined and analytical, yet extremely challenging and collegial. We hold ourselves to a high standard of excellence and strive for complete transparency and open-dialogue in our interactions and decision making. Our investment process is the embodiment of our culture. Our assumptions need to be constantly "challenged with respect" and that only happens if we foster a meritocracy.
Our research and portfolio management teams are fully integrated. We believe the combination of these skill sets and perspectives directly benefits our clients. The portfolio managers' skill set includes market knowledge of the structural and fundamental drivers of asset classes, sectors, and individual corporations acquired through years of experience and research. Our fundamental researchers provide a deeper analysis and examine risk and return opportunities across the entire capital structure while also incorporating non-financial risks into their analysis. Our quantitative researchers provide a complementary skill set in the form of higher-level quantitative and programming skills that are applied to the development and improvement of both our security selection and overall investment processes.
The combination of these skills sets, combined with our macroeconomic research and scenario analysis, provides for a sophisticated, intuitive, and fundamental approach to making investment decisions. We have also built the proprietary systems and tools that allow our teams to adequately define and measure key risks - this forms the backbone of our investment process and is the "common language" we all speak. Importantly, it also allows risk management to be integrated into the investment process at every step. Put simply, we are all managers of risk.
Lastly, these teams come together with our portfolio construction team to ensure that risks are taken prudently and efficiently - emphasizing intended risks and more importantly, eliminating unintended risk from the portfolios we manage. We are then further supported by a robust infrastructure of traders, operations, client service, and dedicated risk management and systems professionals who provide the framework upon which our investment skills are supported.
About Your Role
Integral part of the High Yield investment team, working with the portfolio management team in conjunction with the capital structure research team in understanding the industry trends, investment themes, and implementing portfolio construction.
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.
Qualifications:
Responsibilities:
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! Join a workplace with a greater purpose.
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! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Northern Trust Asset Management | Global Fixed Income
High Yield Trader
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.
Who We Are
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
We have a clear mission: deliver superior investment performance and client service to our clients.
We are intellectually curious
We constantly search for "what we don't know" - keeping an open mind to new ways of improving our investment process and interactions with our clients.
We are always seeking diversity of thought
We work as a team that values diversity and inclusion. That extends to diversity of thought and open communication.
We are collaborators
We foster a culture of collaboration in which we learn from and inspire one another. That collaboration extends to our clients where collaboration can lead to real problem solving.
We are innovators
We have intentionally organized our global fixed income professionals around core competencies as it relates to sources of risk. A focus on core competency, with investors close to the ground, keeps us connected to market innovations as we maintain a foundational view of risk. This model creates flexibility - and when combined with our technology model, it allows us to be innovative in partnership with our clients.
We are responsible investors
As stewards of capital, we believe we have a responsibility to our clients to have an active understanding of the risks posed by non-financial risks. Our teams have access to a proprietary data model which enables them to evaluate a wide variety of applicable metrics across environmental, social and governance factors. We believe this is part of a comprehensive fundamental research process as well as an integral part of the risk management process. It can also be a source of alpha.
Our Culture
In simple terms our culture can best be described as empowerment with accountability.
Our culture is based upon the power of the idea and not the source. It is disciplined and analytical, yet extremely challenging and collegial. We hold ourselves to a high standard of excellence and strive for complete transparency and open-dialogue in our interactions and decision making. Our investment process is the embodiment of our culture. Our assumptions need to be constantly "challenged with respect" and that only happens if we foster a meritocracy.
Our research and portfolio management teams are fully integrated. We believe the combination of these skill sets and perspectives directly benefits our clients. The portfolio managers' skill set includes market knowledge of the structural and fundamental drivers of asset classes, sectors, and individual corporations acquired through years of experience and research. Our fundamental researchers provide a deeper analysis and examine risk and return opportunities across the entire capital structure while also incorporating non-financial risks into their analysis. Our quantitative researchers provide a complementary skill set in the form of higher-level quantitative and programming skills that are applied to the development and improvement of both our security selection and overall investment processes.
The combination of these skills sets, combined with our macroeconomic research and scenario analysis, provides for a sophisticated, intuitive, and fundamental approach to making investment decisions. We have also built the proprietary systems and tools that allow our teams to adequately define and measure key risks - this forms the backbone of our investment process and is the "common language" we all speak. Importantly, it also allows risk management to be integrated into the investment process at every step. Put simply, we are all managers of risk.
Lastly, these teams come together with our portfolio construction team to ensure that risks are taken prudently and efficiently - emphasizing intended risks and more importantly, eliminating unintended risk from the portfolios we manage. We are then further supported by a robust infrastructure of traders, operations, client service, and dedicated risk management and systems professionals who provide the framework upon which our investment skills are supported.
About Your Role
Integral part of the High Yield investment team, working with the portfolio management team in conjunction with the capital structure research team in understanding the industry trends, investment themes, and implementing portfolio construction.
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.
Qualifications:
- At least three years of experience in a fixed income trading capacity, specifically within the High Yield market.
- Strong communication skills, internally and externally. Managing the flow of information will be a key responsibility.
- 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.
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 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.
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! Join a workplace with a greater purpose.
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! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
