Director – Municipal Bond Trading

ROLE 

Our Public Investment team seeks a Municipal Bond Trader for its internally managed fixed income portfolios. The candidate will serve on the IG Credit Trading Team in the Public Investment Department and report to the Head of IG Credit Trading. 

JOB DUTIES 

• Primary responsibility: execute Municipal bond trades under the direction of the portfolio manager
• Prioritize and convey market information to the Municipal analysts and portfolio manager, and to other internal constituencies as needed / relevant
• Develop and maintain strong professional relationships with trading counterparties and the broker-dealer community
• Help advance efficiencies in Trading processes that benefit the team and Public Investments department more broadly
• Build, Develop, refine, and improve decision support frameworks
• A focus on risk-adjusted return and relative value is essential as the portfolios are managed for total return against industry benchmarks 

REQUIREMENTS 

• Demonstrated understanding of fixed income markets and trading conventions, particularly as they pertain to Municipal bonds (Taxable AND Tax Exempt).
• 3-10yrs of experience on a Buy-side (Asset manager, Insurance Company, Bank) Trading Desk
• Experience with financial modeling; proficiency in SQL, Python, R, Tableau
• Knowledge with Bloomberg, and electronic trading platforms such as ICE Bonds, MarketAxess and TradeWeb
• Experience with development and deployment of trading algorithms a plus
• Bachelor’s degree with a very strong quant background and demonstrated aptitude; progress towards a master’s degree and/or CFA would be a plus
• Works well independently while promoting and contributing to a strong team dynamic  
• Attentive to detail, with excellent oral and written communication skills
• Strong interpersonal skills with the ability to navigate complex situations involving multiple stakeholders
• High ethics and integrity; trustworthy, reliable, creative, and motivated

#LI-Onsite

Compensation Range:

We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed.

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Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

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