What are the responsibilities and job description for the Managing Director, Fixed Income Trading position at Fifth Third?
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General Function :
Fifth Third Securities provides issuers and investors with the tools they need to manage capital and investment needs. The trading team provides Primary and Secondary market liquidity in specified market sectors.
The Managing Director, Fixed Income Trading is a leadership role that supports the ABS team through the trading & hedging of positions, and servicing Fifth Third clients. The role will directly report to the Managing Director of Trading or the Head of FICC Trading.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Essential Duties & Responsibilities
Trading
- Responsible for trading and risk management activity for one or more industry sectors
- Lead the formulation of trading strategies
- Trade fixed income securities in support of Institutional and Retail Sales representatives
- Balance, reconcile and manage inventory positions within policy limits
- Provide pricing and valuation on fixed income transactions and inventory
- Process trades on clearing systems in a timely manner and ensure transactions adhere to FTS compliance standards
- File appropriate regulatory reports on timely basis, as needed
- Maintain awareness around relevant news / market events / regulatory changes that may impact pricing, hedging, risk strategies, etc.
- Develop and maintain working relationships with internal partners such as compliance and risk management and work with the Managing Director, Head of FICC Trading as needed to meet requests from partners
- Responsible for informing manager and Head of Trading on all issues that may impact the business or create operational inefficiencies
- May oversee trading staff (when appropriate) and assist with the development of associate traders
- Maintain oversight and ensure transactions adhere to high industry standards
Business Development
Supervisory Responsibilities
Minimum Knowledge, Skills and Abilities Required
At Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits.
Benefits :
Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness. For additional details, please contact your recruiter.
Compensation for this position is largely incentive-based. Incentive compensation is combined with either a base salary or a draw to determine total cash compensation, and incentive compensation is based upon company, line of business and / or individual performance. More information can be obtained upon request.
Managing Director, Fixed Income Trading Compensation for this position is largely incentive-based. Incentives are combined with either a base salary or a draw, resulting in total cash compensation. More information can be obtained upon request. LOCATION New York, New York 10020
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
