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Fixed Income Settlement Jobs in Chicago, IL (NOW HIRING)

Northern Trust Corp

Fixed Income Trader

Chicago, IL · On-site

$116.10 - $156.70/hr

## Fixed Income TraderApplylocations: Chicago, ILtime type: Full timeposted on: Posted Todayjob ... Ensures accurate and timely trade settlement in accordance with established controls.* Maintains ...

Northern Trust

Fixed Income Trader

Chicago, IL · Hybrid

Fixed Income Trader The Fixed Income Trader is responsible for executing fixed income transactions ... Ensures accurate and timely trade settlement in accordance with established controls. * Maintains ...

Northern Trust

Fixed Income Trader

Chicago, IL · On-site

Fixed Income Trader The Fixed Income Trader is responsible for executing fixed income transactions ... Ensures accurate and timely trade settlement in accordance with established controls. * Maintains ...

Northern Trust

Fixed Income Trader

Chicago, IL · On-site

Fixed Income Trader The Fixed Income Trader is responsible for executing fixed income transactions ... Ensures accurate and timely trade settlement in accordance with established controls. * Maintains ...

Technical Paradigm LLC

Software Developer

Chicago, IL · Remote

Extensive developer experience with fixed income securities trading, clearance and settlement operations, C#, .NET, and SQL skills, varied trade and integration technologies. Our client is a small ...

Technical Paradigm LLC

Software Developer

Chicago, IL · On-site +1

Extensive developer experience with fixed income securities trading, clearance and settlement operations, C#, .NET, and SQL skills, varied trade and integration technologies. Our client is a small ...

Advyzon

Operations Associate - Trade Analyst

Lisle, IL · On-site

$65K/yr

... and fixed income trade away processes. * Coordinate with third party managers to resolve trade ... Work closely with custodians and internal partners to resolve trade, reconciliation, settlement ...

Advyzon

Operations Associate - Trade Analyst

Lisle, IL · On-site

... and fixed income trade away processes. * Coordinate with third party managers to resolve trade ... Work closely with custodians and internal partners to resolve trade, reconciliation, settlement ...

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All JobsFixed Income Settlement JobsFixed Income Settlement Jobs in Chicago, IL

Fixed Income Settlement information

See Chicago, IL salary details

$44.8K

$112K

$200.9K

How much do fixed income settlement jobs pay per year?

As of Aug 30, 2026, the average yearly pay for fixed income settlement in Chicago, IL is $111,972.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,700.00 and $134,900.00 per year, depending on experience, location, and employer.

What is a fixed income settlement?

Fixed Income Settlement jobs involve processing and reconciling transactions related to fixed income securities such as bonds and treasury bills. Professionals in this role ensure that trades are settled accurately and on time by coordinating with counterparties, custodians, and internal teams. They are responsible for resolving discrepancies, managing trade confirmations, and complying with regulatory requirements. Attention to detail and strong organizational skills are essential for success in this field.

What are the key skills and qualifications needed to thrive as a fixed income settlement specialist?

To thrive in Fixed Income Settlement, you need a solid understanding of financial markets, fixed income products, and settlement processes, typically supported by a finance degree or relevant experience. Familiarity with settlement platforms like DTCC, Euroclear, and Bloomberg, as well as knowledge of SWIFT messaging and relevant regulations, is essential. Attention to detail, strong problem-solving abilities, and effective communication are vital soft skills for managing complex transactions and resolving discrepancies. These skills ensure timely, accurate settlements and minimize operational risk in a fast-paced financial environment.

What are some common challenges faced in a fixed income settlement role, and how can they be managed effectively?

Professionals in Fixed Income Settlement often face challenges such as tight deadlines, high transaction volumes, and the need to ensure absolute accuracy in processing trades. Settlement failures or discrepancies can result in financial penalties and impact client relationships. To manage these challenges, attention to detail, strong organizational skills, and a proactive approach to problem-solving are essential. Collaboration with traders, custodians, and back-office teams is also critical for timely resolution of issues and smooth workflow.

What is the difference between Fixed Income Settlement vs Fixed Income Trade Support?

AspectFixed Income SettlementFixed Income Trade Support
Primary RoleProcessing and confirming settlement of fixed income securitiesSupporting trade lifecycle, resolving issues, and ensuring trade accuracy
CredentialsTypically requires knowledge of settlement processes, certifications like CFA or equivalentRequires understanding of trade workflows, often similar certifications
Work EnvironmentSettlement desks, back-office operationsTrade support teams, front-to-back office
Industry UsageCommon in asset management, banking, and brokerage firmsUsed across similar financial institutions for trade processing support

Fixed Income Settlement focuses on the actual settlement process of securities, ensuring trades are completed accurately. Fixed Income Trade Support involves supporting the trade lifecycle, resolving discrepancies, and maintaining trade integrity. Both roles require similar credentials and work environments, but their core functions differ in scope and focus.

Is fixed income settlement a good career?

Fixed income settlement is a specialized role within finance that involves processing and confirming bond and debt security transactions. It requires attention to detail, knowledge of financial instruments, and familiarity with settlement systems, making it suitable for individuals interested in financial operations and securities processing. The career can offer stability and opportunities for advancement in the financial services industry.

What are popular job titles related to Fixed Income Settlement jobs in Chicago, IL?

For Fixed Income Settlement jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Fixed Income Settlement jobs in Chicago, IL look for?

The top searched job categories for Fixed Income Settlement jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Fixed Income Settlement jobs?

Cities near Chicago, IL with the most Fixed Income Settlement job openings:

Fixed Income Settlement jobs near you
Infographic showing various Fixed Income Settlement job openings in Chicago, IL as of August 2026, with employment types broken down into 62% Full Time, 35% Part Time, and 3% Contract. Highlights an 71% Physical, 2% Hybrid, and 27% Remote job distribution, with an average salary of $111,972 per year, or $53.8 per hour.

Fixed Income Trader

Chicago, IL • On-site

Northern Trust Corp

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Good employer

Respectful managers

Learn more about Northern Trust Corpexternal

$116.10 - $156.70/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 days ago

Job description

## Fixed Income TraderApplylocations: Chicago, ILtime type: Full timeposted on: Posted Todayjob requisition id: R148440**About Northern Trust** As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. **Fixed Income Trader**The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement.The role requires close monitoring of market conditions, disciplined management of order flow, and effective communication of relevant pricing and market developments to portfolio managers and key stakeholders.**Major Duties:*** Executes fixed income trades while minimizing market impact and transaction costs.* Ensures fair, timely, and unbiased trade execution.* Partners with clients and internal stakeholders on investment ideas and strategy implementation.* Communicates market developments and pricing impacts to portfolio managers and other stakeholders.* Ensures accurate and timely trade settlement in accordance with established controls.* Maintains relationships with counterparties to support trading execution and liquidity management.* Responds promptly to client, portfolio management, and internal partner inquiries.* Maintains knowledge of applicable regulations, industry practices, and trading requirements.* Adheres to trading procedures, risk controls, and governance standards.**Qualifications:*** Preferred: College or University degree.* 3-5 yrs prior experience in fixed income trading or a closely related trading role.* Strong knowledge of investments, including terminology, instruments, general industry practices, market structures, execution techniques, regulatory environment, and relevant securities laws, typically acquired through on-the-job experience and/or completion of a four-year degree, to support effective fixed income trade execution.* Demonstrated ability to assess market events, exercise sound judgment, and make timely decisions in dynamic market conditions.**Preferred Qualifications:*** FINRA Securities Licenses 7, 52, and 63 required; Series 53 is a plus.* Versatility across multiple fixed income products, supporting broader market insight and cross-product collaboration.#LI-MG1#HybridSalary Range:116,100 to 156,700 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.* **Work Authorization** Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa). #J-18808-Ljbffr

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