Trader - Investment Grade Bond
Company websitenortherntrust.com (Northern Trust, opens in new tab)
Base salary $160,100 to $272,300
Employer-published annual base salary, USD. Advertised base range in Chicago, IL
You apply on the employer's own site. Six Figure Work does not handle applications.
- LocationChicago, IL
- WorkplaceWorkplace not stated
- Status at last checkSource accepting applications when checked
- Last checked (2 h ago) · observed since
About this job
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.
Position Summary:
Northern Trust Asset Management is seeking an experienced Investment Grade Bond Trader to join its Fixed Income Trading team. This role sits at the intersection of technology, markets, and portfolio implementation, partnering closely with Portfolio Managers and fellow traders to deliver liquidity, efficient execution, and investment outcomes across a broad range of client portfolios.
We are seeking a trader who views execution as a source of competitive advantage, leveraging market expertise, dealer relationships, technology, and data-driven insights to generate trading edge and improve investment outcomes. The successful candidate will be expected to challenge convention, uncover market opportunities, influence portfolio implementation decisions, and help shape the future of our trading platform through innovation, automation, and analytics.
The role offers broad exposure across ETFs, active and index strategies, institutional mandates, separately managed accounts (SMAs), and wealth management portfolios while contributing to the continued evolution of a technology-driven trading organization.
Duties and Responsibilities
· Execute primary and secondary market Investment Grade credit transactions across all sectors while delivering liquidity, efficient execution, and strong investment outcomes.
· Provide differentiated market insight and liquidity intelligence to support investment decisions and execution strategy.
· Develop and maintain strategic relationships with broker-dealers, platforms, and trading counterparties to source liquidity, identify opportunities, and achieve optimal execution.
· Provide real-time market intelligence, pricing insight, and liquidity assessment to support investment decision-making and portfolio construction.
· Deliver portfolio, market, and trading analysis to support client portfolios, investment initiatives, and business development efforts.
· Collaborate with technology, operations, compliance, and external vendors to enhance trading platforms, data quality, workflow automation, and system integration.
· Identify and drive process improvements, automation initiatives, and analytical capabilities that improve scalability, strengthen controls, and increase trading efficiency.
· Maintain expertise in fixed income market structure, security characteristics, pricing methodologies, industry developments, and regulatory requirements.
· Provide backup trading coverage across other fixed income sectors, including High Yield, non-US Fixed Income, and Rates products.
Competencies / Skills
· Expertise in both voice and electronic fixed income trading, with advanced proficiency across platforms including MarketAxess, Tradeweb, Bloomberg, and other electronic execution venues.
· Experience with OMS and EMS platforms such as Aladdin and Adroit preferred.
· Strong understanding of index and active investment strategies, investment grade credit markets, portfolio construction, risk management, market structure, and credit fundamentals.
· Proven ability to source liquidity, navigate complex market environments, and deliver superior execution outcomes.
· Established dealer relationships and strong negotiation skills across the fixed income marketplace.
· Demonstrated ability to leverage technology, data, and analytics to enhance trading decisions, workflows, and execution quality.
· Intellectual curiosity, sound judgment, and a continuous-improvement mindset focused on innovation, efficiency, and investment outcomes.
Experience:
Preferred candidates will have 5-10 years of Investment Grade credit trading experience. We will also consider candidates with corporate credit trading backgrounds who can demonstrate strong Investment Grade market knowledge and relevant trading experience.
Salary Range:
$160,100 - 272,300 USDSalary 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).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Source: Northern Trust on Workday · View original posting (opens in new tab)
Pay in context
This role's base floor ($160,100) is above 80% of the 223 Finance & Accounting roles in Illinois listed on this site; 2 others list the same floor. Their median floor is $125,000; the middle half runs from $110,000 to $150,900.
Only jobs on this site count, and each one publishes a base salary of $100,000 or more, so this compares six-figure jobs with each other, not with the whole market. Computed Nov 8, 2026.
This listingTrader - Investment Grade Bond$160,100 to $272,300
Senior Trader, Brokerage$160,100 to $272,300
Senior Legal Counsel – Banking and Markets Group$160,100 to $272,300
Senior Legal Counsel, Trust and Advisory$160,100 to $272,300
Municipal Bond Trader$160,100 to $272,300
Senior Legal Counsel, Employment$160,100 to $272,300
Senior Legal Counsel (Technology and Procurement)$160,100 to $272,300
Chart as a table
| Role | Published base |
|---|---|
| Trader - Investment Grade Bond (this listing) | $160,100 - $272,300 |
| Senior Trader, Brokerage | $160,100 - $272,300 |
| Senior Legal Counsel – Banking and Markets Group | $160,100 - $272,300 |
| Senior Legal Counsel, Trust and Advisory | $160,100 - $272,300 |
| Municipal Bond Trader | $160,100 - $272,300 |
| Senior Legal Counsel, Employment | $160,100 - $272,300 |
| Senior Legal Counsel (Technology and Procurement) | $160,100 - $272,300 |
Observed changes
- First observed on the employer's board
- Began meeting the published-salary criteria
- Stopped meeting the published-salary criteria
- Began meeting the published-salary criteria
- Observed since
- Employer-stated posting date
- 2026-10-29
Where this pay comes from
Location as the employer wrote it: Chicago, IL
$160,100 - 272,300 USD
- Method
- Employer text, read with fixed rules and re-verified
- Checked
- Rule set
- us-base-v2
The pay passage appears in the employer's own job text. Fixed, deterministic rules located it, and the passage below was checked against the stored copy of the posting.
What we verified
- The pay figures come from the employer's own listing, quoted exactly above.
- The pay is an annual base salary in US dollars with a minimum of at least $100,000.
- The role was publicly listed on the employer's job board when last checked.
We do not verify what the employer will actually offer, whether the employer is still recruiting for the role, or anything beyond what the employer published. Full methodology.