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Municipal Bond Jobs (NOW HIRING)

Northern Trust

Municipal Bond Trader

Chicago, IL · On-site

$116K - $197K/yr

Executes municipal bond transactions for senior portfolio manager in the municipal bond team. Provides recommendations to partners on investment opportunities regarding securities prices. Conducts ...

Northern Trust

Municipal Bond Trader

Chicago, IL · On-site

$116K - $197K/yr

Executes municipal bond transactions for senior portfolio manager in the municipal bond team. Provides recommendations to partners on investment opportunities regarding securities prices. Conducts ...

Northern Trust

Municipal Bond Trader

Chicago, IL · On-site

$116K - $197K/yr

Executes municipal bond transactions for senior portfolio manager in the municipal bond team. Provides recommendations to partners on investment opportunities regarding securities prices. Conducts ...

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Municipal Bond information

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$20K

$54.6K

$124.5K

How much do municipal bond jobs pay per year?

As of Aug 10, 2026, the average yearly pay for municipal bond in the United States is $54,586.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,000.00 and $64,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in a municipal bond position?

To thrive in a municipal bond analyst or specialist role, you need a strong foundation in finance, statistics, and public sector economics, along with a relevant degree such as finance, accounting, or economics. Familiarity with Bloomberg Terminal, financial modeling software, and municipal disclosure databases is typically required, and certifications like the CFA or Series 52 can be valuable. Solid analytical skills, attention to detail, and strong written and verbal communication abilities help set candidates apart. These competencies are critical to accurately assessing credit risk, making informed investment recommendations, and effectively communicating findings to stakeholders.

What are the typical daily responsibilities of a municipal bond professional?

Professionals working with municipal bonds typically spend their days analyzing financial statements of state and local governments, assessing creditworthiness, and monitoring market trends affecting public finance. They often create detailed reports, meet with issuers, and consult with portfolio managers or underwriters to discuss investment strategies. Collaboration with legal teams, compliance officers, and rating agencies is also common, especially during new bond issuances or restructuring deals. This role requires a mix of independent research and teamwork to ensure sound, data-driven investment decisions for clients.

What is a municipal bond?

A Municipal Bond job typically involves working with municipal securities issued by local or state governments to fund public projects. Professionals in this field may analyze bond offerings, assess credit risks, structure deals, or manage municipal bond portfolios. Roles can be found in investment banks, rating agencies, government offices, and financial advisory firms. Responsibilities may include researching market trends, ensuring regulatory compliance, and advising clients on investment strategies.

More about Municipal Bond jobs
What cities are hiring for Municipal Bond jobs? Cities with the most Municipal Bond job openings:
What states have the most Municipal Bond jobs? States with the most job openings for Municipal Bond jobs include:
What job categories do people searching Municipal Bond jobs look for? The top searched job categories for Municipal Bond jobs are:
Municipal Bond jobs near you
Infographic showing various Municipal Bond job openings in the United States as of August 2026, with employment types broken down into 70% Full Time, 20% Part Time, and 10% Nights. Highlights an 100% In-person job distribution, with an average salary of $54,586 per year, or $26.2 per hour.

Municipal Bond Trader

Valeo Financial Advisors

Carmel, IN • On-site

Full-time

Medical, Retirement, PTO

Posted 6 days ago

Job description

Valeo Financial Advisors is one of the largest RIA firms in the Midwest, with over $11B in assets under management, and is rapidly growing and expanding. We provide comprehensive, independent financial advice to our clients with one simple transparent fee. Based in central Indiana, we are committed to empowering the next generation and revolutionizing the financial services industry. Valeo provides competitive benefits including unlimited PTO, 401(k) with company match, and health coverage.
The Municipal Bond Trader executes municipal bond transactions for client portfolios as part of Valeo's centralized investment team, supporting more than 100 financial advisors. Based in our Carmel, Indiana office, this position works closely with Investment Team members across a large book of client accounts, executing trades in accordance with established investment guidelines while upholding the firm's fiduciary responsibilities and commitment to best execution. The ideal candidate combines strong market knowledge, sound judgment, and attention to detail to help deliver favorable outcomes for clients.
This position requires consistent in-person attendance at our Carmel, Indiana headquarters.
DUTIES & RESPONSIBILITIES
  • Executes fixed income transactions in accordance with internal investment team strategy and guidelines.
  • Ensures fair and equitable treatment and allocation of all trade orders across client accounts.
  • Maintains an understanding of the factors that drive bond pricing - market environment, supply/demand technicals, rate moves, and economic fundamentals.
  • Identifies investment opportunities and attractive risk-adjusted, tax-adjusted relative value in the primary and secondary markets.
  • Identifies concentrations, gaps, and structural flaws in existing client portfolios and identifies trades to address them.
  • Conducts bond trading, including sales across multiple execution venues; maintains daily broker/dealer contact to source inventory and price liquidity.
  • Documents execution decisions to support best-execution review and compliance requirements.
  • Works closely with investment operations and analysts to invest efficiently, monitor holdings, and improve risk management.
  • Serves as a resource to Senior Investment Directors and advisors on the municipal market and specific securities.
  • Maintains orderly receipt, tracking, and execution of bond orders.

REQUIREMENTS
  • Bachelor's degree is required, preferably in finance, economics, accounting, or a related field. CFA charter or progress toward the designation is preferred.
  • 5 years of relevant fixed income experience preferred.
  • Strong knowledge of fixed income markets, municipal securities, trading practices, and credit research, with the ability to assess risk-adjusted and tax-adjusted relative value opportunities.
  • Working knowledge of municipal bond structures, including general obligation and revenue bonds, sector-specific credit considerations, rating agency methodologies, and credit enhancement features.
  • Understanding of municipal bond tax considerations, including taxable-equivalent yield calculations, de minimis rules, and state-specific investment preferences.
  • Ability to evaluate relative value opportunities across the yield curve, credit quality spectrum, and bond structures, including coupon, call, premium, and discount characteristics.
  • Experience utilizing fixed income trading and market platforms such as Bloomberg, along with familiarity with trade reporting and market transparency tools.
  • Strong communication, collaboration, and decision-making skills, with the ability to remain composed and effective in dynamic market environments.
  • Exceptional attention to detail, organizational skills, and a demonstrated commitment to fiduciary responsibility and best execution practices.

Valeo is an Equal Opportunity Employer. Valeo does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment decisions are based on qualifications, merit, and business need.

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