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Fixed Income Operations Jobs in Illinois (NOW HIRING)

hightower

Fixed Income Senior Associate

Chicago, IL · Hybrid

$65K - $100K/yr

Hightower's capital solutions, operational support services, size and scale empower its vibrant ... Executes fixed income trades efficiently while minimizing market impact and transaction costs.

DV Trading

Junior Trader - Fixed Income

Chicago, IL

Work closely with senior traders, research, risk, and operations teams. * Build and maintain tools ... Fixed income trading experience preferred. * Strong work ethic, discipline, and willingness to ...

DV Trading

Junior Trader - Fixed Income

Chicago, IL

$80K - $120K/yr

Work closely with senior traders, research, risk, and operations teams. * Build and maintain tools ... Fixed income trading experience preferred. * Strong work ethic, discipline, and willingness to ...

DV Trading

Junior Trader - Fixed Income

Northfield, IL

$80K - $120K/yr

Work closely with senior traders, research, risk, and operations teams. * Build and maintain tools ... Fixed income trading experience preferred. * Strong work ethic, discipline, and willingness to ...

DV Trading

Junior Trader - Fixed Income

Chicago, IL · On-site

$80K - $120K/yr

Work closely with senior traders, research, risk, and operations teams. * Build and maintain tools ... Fixed income trading experience preferred. * Strong work ethic, discipline, and willingness to ...

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Fixed Income Operations information

What are Fixed Income Operations?

Fixed Income Operations refer to the back-office processes and activities that support the trading, settlement, and management of fixed income securities, such as bonds and treasury bills. Professionals in this area ensure the accurate and timely processing of transactions, reconciliation of trades, maintenance of records, and compliance with regulatory requirements. They play a crucial role in mitigating operational risk and supporting the smooth functioning of fixed income markets within financial institutions.

What are some common challenges faced in Fixed Income Operations, and how can new team members effectively navigate them?

In Fixed Income Operations, professionals often deal with high volumes of transactions, tight settlement deadlines, and complex regulatory requirements. New team members may find it challenging to manage multiple priorities while maintaining accuracy and compliance. To navigate these challenges, it's important to develop a strong attention to detail, build proficiency with relevant systems (like trade capture and settlement platforms), and communicate proactively with traders, custodians, and other internal teams. Seeking mentorship and clarifying procedures early on can also help new hires adapt more quickly and efficiently.

What are the key skills and qualifications needed to thrive in Fixed Income Operations, and why are they important?

To thrive in Fixed Income Operations, you need strong analytical abilities, attention to detail, and a foundational understanding of fixed income products and financial markets, often supported by a finance or related degree. Familiarity with trade settlement systems (such as Bloomberg, Calypso, or Murex), Excel, and knowledge of industry regulations is typically required. Excellent organizational skills, effective communication, and problem-solving abilities help professionals manage high transaction volumes and resolve discrepancies efficiently. Mastering these skills ensures accurate trade processing, regulatory compliance, and smooth back-office operations within the fast-paced financial sector.

What is the difference between Fixed Income Operations vs Fixed Income Trading?

AspectFixed Income OperationsFixed Income Trading
Primary FocusProcessing, settlement, and back-office functions for fixed income securitiesBuying and selling fixed income securities to generate profits
Required SkillsAttention to detail, knowledge of settlement processes, complianceMarket analysis, risk management, decision-making
Work EnvironmentBack-office, support teams within financial institutionsTrading floors, front-office desks
CertificationsOften requires CFA, FINRA licenses, or similarSimilar certifications, plus trading-specific licenses

Fixed Income Operations focuses on the processing and settlement of fixed income securities, ensuring smooth back-office functions. Fixed Income Trading involves actively buying and selling securities to capitalize on market movements. While both roles require financial knowledge and certifications like CFA, their daily tasks and work environments differ significantly.

What are popular job titles related to Fixed Income Operations jobs in Illinois? For Fixed Income Operations jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Fixed Income Operations jobs in Illinois look for? The top searched job categories for Fixed Income Operations jobs in Illinois are:
What cities in Illinois are hiring for Fixed Income Operations jobs? Cities in Illinois with the most Fixed Income Operations job openings:
Fixed Income Operations jobs near you
Infographic showing various Fixed Income Operations job openings in Illinois as of July 2026, with employment types broken down into 74% Full Time, 24% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution.

Quantitative Researcher (Fixed Income)

Old Mission

Chicago, IL

$175K - $250K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 13 days ago

Job description

About the Position

Old Mission Capital, a global quantitative proprietary trading firm, is currently hiring a talented Quantitative Researcher to join our growing Fixed Income operation. The ideal candidate will have experience trading fixed income assets, corporate bonds, and other debt instruments. This Quantitative Researcher will be familiar with building and improving the firm's risk and pricing models, as well as understanding the risks in trading these assets.

Responsibilities

  • Perform exploratory data analysis on various market datasets, including bond data, exchange quote data, and third-party pricing data, generate trading signals and evaluate how they might be applied.
  • Research and develop quantitative models to forecast bonds and commodities' various metrics, including price, bid-ask spread, liquidity, etc, prototype predictive models, and perform regressions and other machine learning analysis to validate, backtest, and improve quantitative models.
  • Contribute to the development and continuous assessment of trade execution.

Required Skills

  • Qualified candidates will have an advanced degree in a quantitative field (preferably a Ph.D. in engineering, statistics, mathematics or a hard science).
  • Candidates need to have exceptionally high mathematical and programming skills (must be proficient in Python, VBA, or R).
  • Strong quantitative, analytical, research-oriented and problem-solving skills.
  • Superior communication, both written and verbal, and has the ability to handle multiple tasks in a time-sensitive, fast-paced, collaborative, collegial environment.
  • Successful candidates will have a passion for the financial markets and will have an entrepreneurial mindset as the team is growing and this individual will be a value-added contributor who will have an immediate impact.
  • Demonstrated experience in US corporate bonds is required.
  • Qualified candidates will have previous experience in TCA, execution quality assessment, and execution algorithms with a focus on US Credit.
  • Must have experience with credit pricing, credit curve models, and RFQ-based trading is desirable.
  • Must have experience with Bayesian filtering/Hidden Markov Models is desirable.
  • Intra-day credit curve modeling is a plus.

Benefits and Perks

  • Fully paid Medical, Dental, Vision, Disability, and LIfe Insurance
  • Fully stocked kitchen; free breakfast and lunch every day on-site
  • Tuition Reimbursement Program
  • 401(k) with employer match
  • Paid Vacation, Sick, and Parental leaves
  • Commuter and Flexible Spending Program 

Base Salary Range 
$175,000 - $250,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus 
and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

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