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Fixed Income Proprietary Trader Jobs (NOW HIRING)

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Fixed Income Trade Support

Manhattan, NY · On-site

$90K - $110K/yr

A leading hedge fund, located in New York, NY, is seeking a Fixed Income Trade Support Manager to sit in the Middle Office. The Middle Office team is responsible for supporting the Fixed Income Front ...

XR Trading LLC

EXPERIENCED TRADER

Chicago, IL · On-site +1

$135K - $185K/yr

Description XR Trading is a proprietary trading firm with employees in the Netherlands, Singapore ... fixed income, and cryptocurrencies. Our culture emphasizes teamwork and focuses on continuous ...

XR Trading LLC

EXPERIENCED TRADER

Chicago, IL · On-site

$135K - $185K/yr

XR Trading is a proprietary trading firm with employees in the Netherlands, Singapore, UK and US ... fixed income, and cryptocurrencies. Our culture emphasizes teamwork and focuses on continuous ...

Wells Fargo

Retail Fixed Income Trader

Saint Louis, MO · On-site

$14.50 - $16.75/hr

Wells Fargo is seeking a Fixed Income Trader to join the Retail Trading department within Wealth and Investment Management (WIM). Learn more about the career areas and lines of business ...

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Fixed Income Proprietary Trader information

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$43.5K

$108.7K

$195K

How much do fixed income proprietary trader jobs pay per year?

As of Sep 13, 2026, the average yearly pay for fixed income proprietary trader in the United States is $108,695.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $131,000.00 per year, depending on experience, location, and employer.

What is a fixed income proprietary trader?

Fixed Income Proprietary Traders are financial professionals who use a firm's own capital to trade fixed income securities, such as government and corporate bonds, with the goal of generating profits for the firm. Unlike traders who execute client orders, proprietary traders make decisions based on the firm's strategies and risk appetite. They analyze market trends, interest rates, and credit risk to identify opportunities. Their work is fast-paced and requires strong quantitative and analytical skills. Successful traders are adept at managing risk and adapting to changing market conditions.

What are some typical challenges faced by fixed income proprietary traders in managing risk and maintaining profitability?

Fixed Income Proprietary Traders often encounter challenges such as sudden market volatility, liquidity constraints, and rapidly shifting interest rate environments. Balancing risk exposure while seeking profit opportunities requires strong analytical skills and disciplined adherence to risk management protocols. Collaboration with risk managers and other trading desks is essential to ensure positions align with the firm's overall strategy and risk appetite. Adaptability and continuous learning are key, as market conditions and regulatory requirements can change quickly, impacting both short-term trades and long-term strategy.

What are the key skills and qualifications needed to thrive as a fixed income proprietary trader, and why are they important?

To thrive as a Fixed Income Proprietary Trader, you need a strong grasp of financial markets, quantitative analysis, and risk management, often supported by a degree in finance, economics, or a related field. Expertise with trading platforms (such as Bloomberg or Tradeweb), financial modeling software, and proficiency in programming languages like Python or VBA is highly valued. Exceptional decision-making, attention to detail, and the ability to stay calm under pressure set top traders apart. These skills are crucial to effectively analyze market trends, manage risk, and drive profitable trading strategies in a fast-paced environment.

What is the difference between Fixed Income Proprietary Trader vs Fixed Income Sales Trader?

AspectFixed Income Proprietary TraderFixed Income Sales Trader
Primary RoleTrade fixed income securities using firm’s capital to generate profitSell fixed income securities to clients and manage client relationships
Work EnvironmentTrading desks, focused on market making and risk-takingClient-facing, focused on sales and advisory
Required CredentialsTypically finance or economics degree, strong trading skills, certifications like CFAFinance background, sales experience, certifications like CFA or Series 7

Fixed Income Proprietary Traders focus on trading with the firm's own capital to profit from market movements, while Fixed Income Sales Traders primarily serve clients by selling securities and providing market insights. Both roles require financial knowledge and certifications, but their daily activities and objectives differ significantly.

What cities are hiring for Fixed Income Proprietary Trader jobs?

Cities with the most Fixed Income Proprietary Trader job openings:

What states have the most Fixed Income Proprietary Trader jobs?

States with the most job openings for Fixed Income Proprietary Trader jobs include:

What are popular job titles related to Fixed Income Proprietary Trader jobs?

For Fixed Income Proprietary Trader jobs, the most frequently searched job titles are:

Infographic showing various Fixed Income Proprietary Trader job openings in the United States as of August 2026, with employment types broken down into 57% Full Time, 40% Part Time, and 3% Contract. Highlights an 73% Physical, 1% Hybrid, and 26% Remote job distribution, with an average salary of $108,695 per year, or $52.3 per hour.

Associate Trader, Fixed Income

Seattle, WA

Russell Investments
Finance and Insurance • 1 - 5K employees
Learn more about Russell Investmentsexternal

$100K - $120K/yr

Full-time

Medical, Retirement, PTO

Re-posted 27 days ago

Job description

Salary Range:$100,000 USD - $120,000 USD

Specific compensation will be based on candidate's experience, skills, qualifications,commercial considerations, and other job-related factors permitted by law. At RussellInvestments, salary is just one part of our compensation package. Our total rewardsapproach includes an annual performance bonus (subject to eligibility criteria) in addition toparticipation in our competitive benefits programs including healthcare, retirement, vacation,and wellbeing programs.


Job Description:

Associate Trader, Fixed Income

This is an opportunity for you to join the fixed-income trading team in Seattle. You will work with a specific focus on Fixed Income Markets and support the global trading team, as needed. In this role, you will be a key member of a team responsible for providing global Fixed Income trading for the Russell Funds, Trading Clients, Transition Management Clients, and Investment Managers.

This associate will be responsible for implementing trading strategies that conform to Russell Investment's best execution guidelines, with oversight and guidance from senior members of the global fixed income trading team, as well as other regional teams. This person will analyze trading against best execution through demonstrable pre-trade and post-trade analysis, our trading capabilities in terms of markets and execution venues, and our overall product offering.

Specific compensation will be based on candidate's experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Your Core Responsibilities:

  • Trading: Collaborate with the Fixed Income trading team to execute a broad array of trading strategies in global markets, from global trading mandates to more focused mandates across fixed income markets.

  • This individual must be familiar with Fixed Income markets, both international and domestic, for all credit, sovereigns, and structured products globally.

  • Strategy development and implementation of trading: Interact with senior members of the team using risk models, optimization systems, and other trading analytic systems. Research trading costs associated with various strategies and implement the most cost-effective strategy.

  • Risk Management and Best Practices: Liaise with numerous clients, investment managers/portfolio managers and execute the program and/or single order transactions. Continue to learn and implement the established best practices to ensure trading strategies conform to Russell's best execution guidelines. Interface with various systems and operate multiple market-facing execution technologies.

Your Expertise:

  • Bachelor's degree in finance or a related area.

  • 1-2+ years of fixed-income experience in the industry, with some interest in international fixed-income securities.

  • Expected to study and receive SIE and Series 7, 55, and 63 licenses.

  • Advanced degrees or interest in studying to become a CFA charter holder are considered a plus.

  • Excellent communication skills.

  • Highly proficient with Excel and SQL is preferred.

  • Detailed-oriented & excellent problem-solving skills.

  • Driven self-starter looking to take on new responsibilities in a challenging environment

  • In-depth knowledge of the Global Fixed Income Trading Marketplace and clearing infrastructure is preferred.

  • Experience with fixed-income electronic trading platforms:

  • Tradeweb, MarketAxess, Bloomberg, Liquidnet, TruMid, MTS and Yieldbroker is preferred.

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity

Russell Investmentsis committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.

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