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Fixed Income Operations Jobs in Merrick, NY (NOW HIRING)

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Fixed Income Operations information

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How much do fixed income operations jobs pay per hour?

As of Aug 16, 2026, the average hourly pay for fixed income operations in Merrick, NY is $21.81, according to ZipRecruiter salary data. Most workers in this role earn between $17.21 and $24.86 per hour, depending on experience, location, and employer.

What is 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.

Is fixed income a good career?

Fixed income operations involve managing and processing bond and debt securities transactions, requiring strong attention to detail and knowledge of financial instruments. It is a stable career path within finance, often offering opportunities for advancement and specialization. Success in this field typically depends on analytical skills, understanding of market dynamics, and proficiency with financial systems and tools.

What cities near Merrick, NY are hiring for Fixed Income Operations jobs?

Cities near Merrick, NY with the most Fixed Income Operations job openings:

Infographic showing various Fixed Income Operations job openings in Merrick, NY as of August 2026, with employment types broken down into 86% Full Time, 11% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $45,368 per year, or $21.8 per hour.

Lead Development Manager - Fixed Income Portfolio Management

TIAA

Manhattan, NY • On-site

$157K/yr

Other

Medical, Life, Retirement

Re-posted 10 days ago


TIAA rating

9.1

Company rating: 9.1 out of 10

Based on 26 frontline employees who took The Breakroom Quiz


Job description

Nuveen is seeking an experienced Lead Development Manager to join our CLO Portfolio Management Technology team. In this role, you will design, build, test, and support mission-critical applications that directly serve portfolio managers, traders, and other investment professionals. You will bring deep technical expertise in Python-based backend development, cloud-native architecture, and CI/CD practices, combined with a strong understanding of CLO structures, Bank Loans, or broader Fixed Income securities. This is a hands-on engineering role with a leadership dimension, requiring you to guide development best practices, engage directly with senior stakeholders, and translate complex financial workflows into scalable, production-grade software. The Senior Full Stack Developer will serve as a technical anchor on the team, taking ownership of both individual contributions and the quality of work delivered by the broader development group. Key Responsibilities and Duties
  • Software Design and Development: You will lead the design, development, and delivery of full stack applications, with primary responsibility for backend Python services and RESTful APIs deployed as AWS Lambda functions, containerized workloads, or EC2-hosted services. Work will span the full development lifecycle, from architecture and implementation through testing, deployment, and ongoing support, in alignment with established SDLC standards and organizational guidelines.
  • CI/CD and DevOps Ownership: You will own and maintain CI/CD pipelines using tools such as Jenkins or CloudBees, ensuring reliable, repeatable delivery across development, staging, and production environments. You will enforce branching strategies, code review workflows, and release management practices using GitLab and Git, and contribute to infrastructure management using Terraform.
  • Stakeholder Engagement and Requirements Translation: You will engage directly with senior investment professionals, including portfolio managers and traders, to clarify requirements, surface constraints, and communicate technical tradeoffs in business-relevant language. You are expected to translate CLO portfolio management workflows, Bank Loan lifecycles, and Fixed Income operational needs into well-structured, maintainable software components.
  • Technical Leadership and Code Quality: You will serve as a technical anchor for the team, conducting code reviews, establishing development standards, and mentoring other developers. You will monitor delivered work to ensure it meets functional goals and quality benchmarks, and proactively identify and resolve issues across environments.
  • Agile Participation: You will participate actively in Agile ceremonies including sprint planning, backlog grooming, and retrospectives. You will maintain a well-prioritized product backlog, provide accurate effort estimates, and support on-time, within-budget delivery.
  • Documentation: You will create and maintain comprehensive technical documentation covering architecture decisions, API specifications, data models, and operational runbooks, in accordance with SDLC and organizational standards.
  • AI-Assisted Development: You will leverage AI-assisted development tools such as Amazon Q, GitHub Copilot, or Kiro to accelerate delivery and improve code quality, and will encourage adoption of these tools across the team.

Qualifications
  • 5 Years Required; 7 Years Preferred

  • University (Degree), Preferred

Additional Education Requirements
  • Bachelor's Degree

Physical Requirements
  • Physical Requirements: Sedentary Work

Preferred Education
  • University (Degree)

Career Level 9PL
Required Skills:
  • 5+ years hands-on experience in Python development for production environments, including the design and delivery of Microservices and RESTful APIs.
  • Demonstrated experience managing CI/CD pipelines using Jenkins, CloudBees, or a comparable tool is required. This includes pipeline configuration, build automation, deployment orchestration, and environment promotion strategies. Experience with Docker for containerization and Terraform for infrastructure as code is required.
  • 3+ years of experience using GitLab for source control and code review, and Jira for Agile project and issue tracking, is required.
  • Proficiency with relational databases including PostgreSQL, Oracle, or a comparable RDBMS platform is required, with the ability to write complex queries, joins, stored procedures, and both DML and DDL statements.
  • CLOs and Fixed Income Experience: Working with CLO structures, Bank Loans, or Fixed Income securities within an Asset Management or institutional finance context is required. Candidates should have a practical understanding of CLO lifecycle events such as ramp-up, reinvestment, and wind-down periods, loan settlement and payment mechanics, and how these workflows drive technology requirements. This domain knowledge is essential, not supplementary, as the systems built directly support investment decision-making.
  • Demonstrated ability to communicate effectively with senior investment professionals, translating technical concepts into business-relevant language and facilitating productive discussions around requirements and tradeoffs.
  • Working knowledge of core AWS services is required, including EC2, RDS, S3, Lambda, IAM, VPC, CloudWatch, and KMS. Candidates should understand cloud networking fundamentals, least-privilege access patterns, and secure infrastructure operations..

Preferred Skills:
  • Experience with Java as a secondary language is a plus but not required.
  • Experience with Apache Airflow on AWS is a plus
  • Experience working within Asset Management technology, with familiarity with portfolio management systems, order management systems, or related platforms.
  • 3+ years of experience supporting Fixed Income securities or portfolio management workflows, with an understanding of CLOs, structured products.
  • Experience with front-end development using React or Angular, contributing to full stack delivery across the user interface and backend services.
  • Familiarity with additional AWS services such as ELB, EKS, Glacier, or other managed services relevant to scalable financial systems.

Related Skills
Agile Methodology, Continuous Integration and Deployment, Data Analysis, Debugging, DevOps, Enterprise Application Integration, Operating Systems Management, Problem Solving, Programming, Software Development, Software Development Life Cycle, Web Application Development
Anticipated Posting End Date:
2026-08-31
Base Pay Range: $134,000/yr - $183,000/yr
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
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Company Overview
Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world's largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit to learn more about us.
Our Culture of Impact
At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways-because when our people succeed, our impact on clients' lives grows stronger.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our .
Equal Opportunity
We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Our full EEO & Non-Discrimination statement is on our , and you can read more about your rights and view government notices .
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone:
Email:
Drug and Smoking Policy
TIAA maintains a drug-free and smoke/free workplace.
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click .
For Applicants of TIAA Global Capabilities, click .
For Applicants of Nuveen residing in Europe and APAC, please click .

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About TIAA

Sourced by ZipRecruiter

TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1918