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Trader

  • Job
    Full-time
    Junior Level
  • Sales & Business Development
    Banking & Finance
  • New York
  • Quick Apply

AI generated summary

  • You need 2+ years in fixed income, a relevant degree, market knowledge, Bloomberg proficiency, and Series 7, 55 & 66 licenses. Familiarity with Charles River is a plus.
  • You will negotiate municipal bond trades, communicate with Portfolio Managers, monitor market dynamics, assist the investment team, and collaborate with operations to ensure trading process integrity.

Requirements

  • 2+ years of relevant experience in fixed income trading, sales, or investment management, preferably within municipals
  • Passion for and interest in financial markets, investments, and macro environment
  • Bachelor’s degree, preferably within a quantitative field such as finance, economics, mathematics, or computer science
  • Knowledge of other fixed income markets a plus
  • Understanding of regulatory requirements and market etiquette
  • Proficiency with Bloomberg Terminal and Microsoft Office
  • Familiarity with Charles River and Perform a plus
  • Series 7, 55 & 66 (63 & 65 equivalent) licenses

Responsibilities

  • Negotiate and execute municipal bond trades
  • Maintain consistent communication with Portfolio Managers and promptly respond to ad-hoc requests
  • Diligently monitor market dynamics and leverage dealer relationships to gather market color and help identify investment opportunities
  • Embrace team-first culture and proactively assist investment team as needed
  • Collaborate with operations, middle office, and technology to ensure current trading process integrity while continually pursuing innovative solutions

FAQs

What is the primary focus of the Trader position at Neuberger Berman?

The primary focus of the Trader position is to coordinate with Portfolio Managers and execute municipal bond trades in both the primary and secondary markets on behalf of separately managed accounts.

What qualifications are required for the Trader position?

The Trader position requires 2+ years of relevant experience in fixed income trading, a passion for financial markets, a Bachelor's degree in a quantitative field, and proficiency with Bloomberg Terminal and Microsoft Office. Additionally, candidates should possess Series 7, 55, and 66 licenses.

What is the salary range for this Trader role?

The salary range for this role is $90,000 to $125,000, which may be modified in the future based on several factors, including education, experience, and performance.

What responsibilities will the Trader have on a daily basis?

Daily responsibilities include negotiating and executing municipal bond trades, maintaining communication with Portfolio Managers, monitoring market dynamics, collaborating with various teams, and assisting the investment team as needed.

Are there opportunities for growth within the Trader position?

Yes, the Trader position presents an exciting opportunity to contribute, learn, and grow within an experienced investment team at Neuberger Berman.

Do I need specific software knowledge to apply for this position?

Yes, proficiency with Bloomberg Terminal and Microsoft Office is required. Familiarity with Charles River and Perform is a plus.

Is prior experience in municipal fixed income necessary for this role?

While prior experience in municipal fixed income is preferred, the role is open to candidates with relevant experience in fixed income trading, sales, or investment management.

What kind of culture can I expect at Neuberger Berman?

Neuberger Berman embraces a team-first culture, where collaboration and proactive assistance to the investment team are highly valued.

How does Neuberger Berman approach diversity and inclusion?

Neuberger Berman is an equal opportunity/affirmative action employer and does not discriminate based on race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status, or protected veteran status.

Who can I contact if I need assistance with the application process?

If you need assistance completing the application process, you can contact onlineaccommodations@nb.com for support.

Founded in 1939 to do one thing: deliver compelling investment results for our clients over the long term.

Venture Capital & Private Equity
Industry
1001-5000
Employees
1939
Founded Year

Mission & Purpose

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes.

Culture & Values

  • Earning Trust

    Neuberger Berman is one of the world's leading employee majority-controlled investment firms, over 2,300 employees in 35 cities worldwide. Over the past seven decades, we have earned our clients' trust because clients come first and we always, put their interests ahead of our own. Our partnership culture is the source of our most distinctive strength — our people, who thrive in an environment of professional and personal respect, rigorous analysis and challenging dialogue. With a singular focus on delivering superior, long-term performance, we are passionate, independent investors, unified by our commitment to fundamental research and the constant pursuit of investment insight. Risk management and an exceptional client experience are everyone's responsibility at Neuberger Berman.

  • Rich Tradition

    Neuberger Berman’s commitment to investment management has deep roots. In 1939, renowned investor Roy Neuberger founded the firm to manage money for individuals and families. The firm thrived and grew, earning a reputation for excellent performance and integrity. In 1950, Neuberger Berman became one of the first firms to offer a no-load mutual fund to individual investors, and that mutual fund family grew alongside the private client business. In 1971, the firm launched a portfolio for institutions, marking its formal entry into the institutional investment management business. Today, we continue to serve a broad range of investors across traditional equity, fixed income and alternative asset classes, while offering portfolio advice and wealth planning services. Since our first application of “avoidance screens” in the 1940s to the launch of our Socially Responsive Investment team in 1989, Neuberger Berman has been on the forefront of integrating environmental, social and governance (ESG) criteria into the investment process, which we continue to this day.

  • Distinctive Mindset

    We have operated successfully through many investment and economic cycles, which has helped strengthen and define us as a firm. Today, we are best described as a collective of independent, entrepreneurial-minded investment teams and support groups who are motivated to do well for clients in their respective areas of expertise. This sense of teamwork, accountability and client-focus is shared across our entire organization. We hire and retain employees based on merit, attracting talent with the dedication and creativity needed to foster diverse perspectives and a passion for investing.