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.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 Managing Director, Fixed Income Trading is a leadership role that supports the ABS team through the trading & hedging of positions, and servicing Fifth Third clients. The role will directly report to the Managing Director of Trading or the Head of FICC Trading.Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.Essential Duties & ResponsibilitiesTradingResponsible for trading and risk management activity for one or more industry sectorsLead the formulation of trading strategiesTrade fixed income securities in support of Institutional and Retail Sales representativesBalance, reconcile and manage inventory positions within policy limitsProvide pricing and valuation on fixed income transactions and inventoryProcess trades on clearing systems in a timely manner and ensure transactions adhere to FTS compliance standardsFile appropriate regulatory reports on timely basis, as neededMaintain awareness around relevant newsmarket eventsregulatory 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, Head of FICC Trading as needed to meet requests from partnersResponsible for informing manager and Head of Trading on all issues that may impact the business or create operational inefficienciesMay oversee trading staff (when appropriate) and assist with the development of associate tradersMaintain oversight and ensure transactions adhere to high industry standardsBusiness DevelopmentProvide secondary market liquidity for clients (Investors) while maintaining client relationships with active ABS market participants (e.g., Insurance Companies, Asset Managers, Pension Funds, etc.)Provide product training to Institutional and Retail sales executives through formal training sessions andor informal daily communicationsMaintain knowledge of prior transactions to find identify opportunities with existing accounts given changes in interest rates or broader market conditionsParticipate in strategy sessions, process improvement projects, market update calls (internal and external), as neededMaintain active dialogue with Issuers to keep them abreast of their current pricing, overall market, and establish a communication cadence with all current and potential issuersDevelop and maintain relationships with internal and external partnersWork closely with the Global Head of FICC to create and complete new product initiatives and bring new business ideas to the forefrontDevelop and maintain relationships with other dealers and liquidity providers, as neededDrive general FTS strategic initiativesSupervisory ResponsibilitiesCreate and sustain a positive and supportive team environment through words and deedsEnsure that the people, strategy, and organizational capabilities are aligned to the overall business strategyMeasure the department's employees by assisting in establishing performance standards and comparing actual performance against those standardsDevelop and mentor team members through timely and candid feedback regarding performance, career growth, opportunities, etc.Provide input into staffing, performance ratings, and salary recommendations, as requestedActively engage in new employee and graduate recruitment, training and other human-capital related processesMinimum Knowledge, Skills and Abilities RequiredLicenses: Securities Industry Essentials (SIE), Series 7, Series 63 requiredMinimum of 10+ years of relevant experience in fixed income or other marketsEducation: Bachelor's degree in Business, Finance, Math, or MBA degreeProven track record of success in working as a part of a team to originate and close complex financial transactionsLeadership experience and history of involvement in key decisions around growing a financial services businessPossesses mathematical knowledge to manage market risk related to Fixed Income marketsProficient in the use of relevant software packages Bloomberg, MS Excel, Intex, T-REXStrong mentoring and leadership skillsAt Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits.Benefits:Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness. For additional details, please contact your pensation for this position is largely incentive-based. Incentive compensation is combined with either a base salary or a draw to determine total cash compensation, and incentive compensation is based upon company, line of business andor individual performance. More information can be obtained upon request.Managing Director, Fixed Income TradingCompensation for this position is largely incentive-based. Incentives are combined with either a base salary or a draw, resulting in total cash compensation. More information can be obtained upon request.LOCATIONNew York, New York 10020Fifth 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.
Job Title
Managing Director, Fixed Income Trading