Fifth Third Bank, N.A. • New York, NY 10176
Job #2688408165
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
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.
Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step?
Fifth Third Bank, National Association is one of the top-performing banks in the country, with a history that spans more than 150 years. We've staked our claim on looking at things differently to make banking a Fifth Third better. This applies to our relationships with customers and employees ~~~ employ about 18,000 people while offering:- A chance for employees to build their future, with supportive career development and comprehensive health and financial wellness programs.- An environment where we win together by celebrating achievements and working collaboratively.- An opportunity to make a difference in a positive and lasting way. Everything we do is geared toward improving ~~~'re proud that Fifth Third is a warm and caring place to grow - as a customer and as a team member.
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