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Junior Fixed Income Trader Jobs (NOW HIRING)

Marex

Fixed Income Operations Analyst - VN2859

New York, NY · On-site

$70K - $90K/yr

... trades and clearing 205 million contracts in 2022. The Group provides access to the world's major ... This will include supervision/approval of daily team tasks, oversight of more junior team members ...

New

Marex

Fixed Income Operations Analyst - VN2859

New York, NY · On-site

$70K - $90K/yr

... trades and clearing 205 million contracts in 2022. The Group provides access to the world's major ... This will include supervision/approval of daily team tasks, oversight of more junior team members ...

ALM First

Fixed Income Analyst

Dallas, TX

Fixed Income Analyst Department: Investment Management Group Reports to: Managing Director Job ... Support traders, portfolio managers, and client service in the development, communication, and ...

Verithium

Senior Fixed Income Java Developer

Newark, NJ · On-site

$59.75 - $76.25/hr

As a Senior Java Developer you will design and code the next generation of the fixed income trading platform. This is a great opportunity to work with a team of gifted engineers focused on ...

Mercor

Bond Trader | Upto $180/hr

New York, NY · Remote

$180/hr

Fixed Income Trading Expert Type: Flexible, project-based Compensation: $150-$180/hour Location: Remote Role Responsibilities * Evaluate and improve AI-generated outputs related to bond pricing ...

ALM First

Fixed Income Analyst

Dallas, TX · On-site

Fixed Income Analyst Department: Investment Management Group Reports to: Managing Director Job ... Support traders, portfolio managers, and client service in the development, communication, and ...

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

As of Jun 8, 2026, the average yearly pay for junior fixed income trader in the United States is $88,976.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Junior Fixed Income Traders in their first year, and how can they overcome them?

Junior Fixed Income Traders often face challenges such as rapidly adapting to fast-moving markets, learning to interpret complex financial data, and effectively managing risk under pressure. Navigating these challenges requires strong attention to detail, proactive communication with senior traders and analysts, and a willingness to continuously learn from market developments. Building relationships within the trading team and seeking feedback can help new traders expedite their learning curve and avoid common pitfalls. Regularly participating in post-trade analysis and staying updated on market trends are also essential for professional growth in this role.

What does a Junior Fixed Income Trader do?

A Junior Fixed Income Trader is responsible for assisting in the buying and selling of fixed income securities, such as government and corporate bonds, under the supervision of senior traders. They monitor market trends, execute trades, and help manage risk within a trading desk. Their role also involves conducting market research, preparing reports, and maintaining relationships with clients and counterparties. This entry-level position is a stepping stone to more senior trading roles and offers valuable exposure to financial markets.

What are the key skills and qualifications needed to thrive as a Junior Fixed Income Trader, and why are they important?

To thrive as a Junior Fixed Income Trader, you need strong analytical abilities, quantitative skills, and a degree in finance, economics, or a related field. Familiarity with trading platforms like Bloomberg, Excel, and risk management systems, as well as certifications such as CFA Level I, are commonly required. Attention to detail, resilience under pressure, and effective communication skills help you stand out in this fast-paced environment. These competencies are vital for making informed trading decisions, managing risk, and succeeding in dynamic financial markets.
What cities are hiring for Junior Fixed Income Trader jobs? Cities with the most Junior Fixed Income Trader job openings:
What states have the most Junior Fixed Income Trader jobs? States with the most job openings for Junior Fixed Income Trader jobs include:

Finance Manager - Fixed Income

Millennium Management LLC

New York, NY • On-site

$160K - $250K/yr

Full-time

Posted 26 days ago

Millennium Management rating

7.7

Company rating: 7.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

Finance Manager - Fixed Income
Job Function Summary
Millennium Management, a leading global multi-strategy hedge fund, is seeking a highly skilled and detail-oriented Manager to join our Fund Accounting team, focusing on fixed income strategies. This role is integral to ensuring the accurate accounting, reporting, and operational oversight of fixed income-related investments within the firm's diverse portfolio. The ideal candidate will possess deep expertise in fixed income markets, fund accounting principles, and operational processes within a hedge fund environment.
Principal Responsibilities
  • Fund Accounting & Reporting:
    • Oversee the accounting and reconciliation of fixed income-related enities, including bonds, loans, repos, mortgage-backed securities, futures, options and swaps.
    • Ensure timely and accurate preparation of monthly, and quarterly NAV calculations for fixed income entities.
    • Collaborate with the broader accounting team to ensure compliance with internal policies and external regulatory requirements.
  • Trade Support & Reconciliation:
    • Work closely with trading desks, operations, and counterparties to resolve discrepancies and ensure accurate reporting.
  • Risk & Performance Analysis:
    • Provide insights into market trends and their impact on portfolio valuation and risk metrics.
  • Process Optimization:
    • Identify and implement process improvements to enhance the efficiency and accuracy of accounting workflows for fixed income products.
    • Leverage technology and automation tools to streamline reporting and reconciliation processes.
  • Regulatory Compliance:
    • Ensure adherence to relevant regulatory frameworks, including GAAP, IFRS, and other applicable standards.
    • Prepare audit documentation and liaise with external auditors as needed.
  • Cross-Functional Collaboration:
    • Partner with business managers, risk teams, middle office, compensation, legal and operations to provide accounting insights and support decision-making.
    • Act as a subject matter expert on fixed income accounting within the firm.

Qualifications/Skills Required
  • Qualifications:
    • Education: Bachelor's degree in Accounting, Finance, Economics, or a related field. CPA, CFA, or equivalent certification preferred but not required
  • Experience:
    • 10+ years of experience in a hedge fund, asset management firm, fixed income trading environment or public accounting firm with a focus on hedge funds is highly desirable.
  • Technical Skills:
    • Proficiency in fund accounting systems (e.g., Geneva) is desireable
    • Advanced Excel skills; familiarity with data visualization tools and programming languages (e.g., Python, SQL) is a plus.
  • Knowledge:
    • Strong understanding of fixed income products, private credit, or other commonly traded financial instruments
    • Familiarity with regulatory requirements impacting hedge funds and fixed income trading.
  • Soft Skills:
    • Exceptional analytical and problem-solving abilities.
    • Strong communication and interpersonal skills to collaborate across teams.
    • Ability to work in a fast-paced, high-pressure environment with a focus on accuracy and attention to detail.

Why Join Millennium Management?
Millennium Management is a premier global hedge fund with a reputation for excellence and innovation. As a Manager in Fund Accounting, you will have the opportunity to work alongside some of the brightest minds in the industry, contribute to the success of a world-class investment platform, and advance your career in a dynamic and rewarding environment.
The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package that includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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