Securitized Fixed Income Portfolio Manager/Trader (Finance)

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

About the Role:

The Portfolio Manager/Trader role will be part of Structured Products Group group and be responsible for portfolio management, research, and trading of a broad array of asset classes, including residential mortgage backed securities (MBS) , commercial mortgage back securities (CMBS), asset-backed securities (ABS), and derivatives across both agency and non-agency markets. You will support our multi-asset credit and diversified fixed income strategies, as well as any structured credit-specific mandates. You will work closely with senior leadership and structured credit analysts and traders to inform decisions, manage portfolio risk, and produce consistent risk-adjust returns. You will also participate in the innovation and implementation of a growing product area within our global fixed income business.

You will drive the following responsibilities:

• Contribute to the design, construction, and management of portfolio strategies that include investments in agency and non-agency securities across the credit spectrum
• Perform daily portfolio management tasks including implementing security selection while identifying alpha-generating investment opportunities and strategies to manage risk
• Take leadership role in trading securitized book of business (MBS, CMBS, ABS) and drive value through best practices, technological improvements and scale. Work in close collaboration with centralized trading team
• Using substantial prior experience and deep network develop and own NTAM's relationships with the street to insure best execution, liquidity and firm's access to products, structuring, and new issue markets
• Navigate and assess portfolio positioning, performance, key risks, and compliance parameters
• Ensure performance targets are consistently met
• Conduct ongoing research and stay abreast of structured products related and macro data that informs portfolio construction and management decisions
• Contribute to the innovation of the Structured Credit team's processes and products
• Actively collaborate, communicate, and share knowledge regularly with internal and external partners, including wealth and institutional clients
• Initiate improvements to the quality, reliability, and efficiency of the systems you utilize in your decision making
• Incorporate the methods and best practices used by the broader investment community to constantly learn and evolve our processes

The Minimum Qualifications We Find Valuable:

• Minimum of 7-10 years of experience in research, portfolio management and/or trading within securitized products and strategies: ABS, CMBS, RMBS and derivatives
• Experience with quantitative investment, portfolio construction, management, and attribution
• Excellent verbal and written communication and interpersonal skills
• Analytical, highly logical, and structured thinker and communicator
• Desire and ability to work both collaboratively as part of a team and independently
• Working knowledge of Aladdin, Yield Book, Intex, and Trepp or other related analytical platforms a strong plus
• Experience and knowledge of one or more of the trading platforms - Tradeweb, Bloomberg, Aladdin, CRD or others is a must
• CFA, MBA or other advanced degree in finance/statistics, etc.
• Experience in VBA, Python, SQL or other programming language is a plus

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.