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Fixed Income Operations Jobs in Chicago, IL (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.

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.

Advyzon

Operations Associate - Trade Analyst

Lisle, IL · On-site

Serve as a subject matter expert on manager trading operational workflows, including manager traded UMA activity, post-trade processing, and fixed income trade away processes. * Coordinate with third ...

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Fixed Income Operations information

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How much do fixed income operations jobs pay per hour?

As of Jul 3, 2026, the average hourly pay for fixed income operations in Chicago, IL is $21.94, according to ZipRecruiter salary data. Most workers in this role earn between $17.36 and $25.00 per hour, depending on experience, location, and employer.

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 Chicago, IL? For Fixed Income Operations jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Fixed Income Operations jobs in Chicago, IL look for? The top searched job categories for Fixed Income Operations jobs in Chicago, IL are:
Fixed Income Operations jobs near you
Infographic showing various Fixed Income Operations job openings in Chicago, IL as of June 2026, with employment types broken down into 100% Full Time. Highlights an 49% In-person, and 51% Hybrid job distribution, with an average salary of $45,643 per year, or $21.9 per hour.
Fixed Income Research Analyst: Industrials & Utilities

Fixed Income Research Analyst: Industrials & Utilities

Northern Trust

Chicago, IL • On-site

$116K - $197K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 14 days ago

Northern Trust rating

8.1

Company rating: 8.1 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

Job description

About 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.

Job Description Summary:

Gathers, organizes, analyzes, and presents financial data and rating agency information in order to evaluate credit risk associated with fixed income investments held in agency and fiduciary accounts. Consults with portfolio managers regarding credit risk implicit in notes and bonds held by various types of funds and portfolios. Maintains updated information systems that provide traders and portfolio managers timely information regarding debt issuers approved for investment purposes.

Major Duties:

1. Performs fundamental financial and credit analysis using publicly available information, integrating conclusions with outside opinions and rating agency data. Recommends suitability of securities for individual portfolios and commingled funds.
2. Ensures that assigned issuers and industry sectors are reviewed, analyzed, and documented on a timely basis, so that all internal and external regulatory requirements are fulfilled.
3. Performs special analysis projects, such as valuation of nonmarketable debt securities, exchange offerings, and credit risk evaluation of derivative financial products.


4. Performs portfolio screening of managed accounts as the basis of the Unrated Security and Below Investment Grade Reviews stipulated by fiduciary laws and regulations.
5. Builds communication links with outside rating agencies and other fixed income analysts.
6. Participates with portfolio managers on assigned committees to develop investment strategy relating to cash and fixed income securities.

Knowledge:

Knowledge of business and financial markets, financial and credit analysis, and accounting principles and techniques, usually acquired through training or experience, are required to evaluate credit risk in individual issuers and through training or experience, are required principles and techniques, usually acquired financial and credit analysis, and accounting.

Knowledge of business and financial markets, industry sectors.

Knowledge of economic conditions and their impact on the capability of debt issuers to service debt obligations, and legal matters related to structuring debt instruments, usually acquired through formal education and work experience, are required to evaluate credit risk.

Analytical and presentation skills are required to interpret offering statements and legal documents describing securities issues and to prepare and present analytical reports.

Computer skills are required to gather and present information.
Experience:

Minimum of five years fixed-income securities or credit related financial analysis experience.

Salary Range:

$116,100 - 197,300 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 andapply 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.

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