Fixed Income Trader Buy Side

At PNC our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected valued and have an opportunity to contribute to the companys success. As a Fixed Income Trader within PNCs Asset Management Group organization you will be based in Philadelphia PA.

As a Fixed Income Trader you will work with investment team portfolio managers and interface with various external trading partners including electronic trading platforms to source investment grade fixed income securities and gauge market liquidity. The team has management and trade execution responsibility on over $22B in assets. As a buy side Fixed Income Trader you will work both the primary and secondary offering markets to attain best execution and assist in implementing portfolio this role you are expected to contribute market expertise to developing security valuation as well as understand and monitor a broad array of security level trading relationships. The Fixed Income Trader role will report to the Head of PNC Fixed Income and will have a direct impact on the management and performance of the PNC Asset Management Group Fixed Income strategies. The investment process is total-return oriented with security selection as a primary driver of excess return generation.

Responsibilities include:

Commitment to work collaboratively with a disciplined team-based investment process
Continuously demonstrate a proactive approach to sourcing securities and gauging market liquidity
Work with market data and information to formulate appropriate security valuation
Interface and maintain relationships with broker-dealers and underwriters as well as act as a conduit between dealer counter parties and internal business stockholders
Utilize Bloomberg portfolio and trade order management software
Partner with portfolio managers to implement investment strategies rebalance portfolios and manage cash flows
Communicate to a broad range of constituents including portfolio managers analysts (credit and quantitative) and client portfolio managers
Partner with technology and data teams to identify automation opportunities and improve trading desk productivity


Preferred experience/skills:
Buy side SMA or fund fixed income trading
Tax-exempt municipal taxable municipal or corporate bond trading experience
Experience in sourcing securities and liquidity in fixed income markets
Exposure to or experience with fixed income electronic trading platforms
Strong verbal and electronic communication ability
Data collection and data analytic skills
Experience utilizing AI-powered tools and platforms to enhance market research trading workflows and investment decision-making
CFA or pursuing CFA

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

• Executes security trading in coordination with oversight from senior traders. Effectively manages the risk profile within all applicable limits.
• Executes security transactions within assigned risk profile and makes effective generally accepted recommendations in partnership with portfolio managers and senior strategy. Coordinates trade strategy with portfolio manager to achieve optimal risk and return positioning.
• Independently analyzes reports and identifies issues related to trade position and activity. Monitors market conditions and manages risk.
• Ensures compliance by developing knowledge of capital markets market structure and regulatory issues.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

• Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
• Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNCs Enterprise Risk Management Framework.

Successful candidates must demonstrate appropriate knowledge skills and abilities for a role. Listed below are skills competencies work experience education and required certifications/licensures needed to be successful in this position.

Business Development Capital Markets Change Management Credit Risk Analysis Database Architecture Design Thinking Equity Trading Financial Derivatives Interest Rates Portfolio Management

Bond Trading Client Relationship Management Financial Analysis Financial Services Industry Regulatory Environment - Financial Services Securities Laws and Regulations (SLR) Compliance Trading

Roles at this level typically require a university / college degree with 3 years of relevant / direct industry experience. Certifications are often lieu of a degree a comparable combination of education job specific certification(s) and experience (including military service) may be considered.

Bachelors

No Required Certification(s)

No Required License(s)

PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature) dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption surrogacy and doula reimbursement; educational assistance including select programs fully paid; a robust wellness program with financial incentives.

In addition PNC generally provides the following paid time off depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year unless otherwise required by law; between 15 to 25 vacation days each year depending on career level; and years of service.

To learn more about these and other programs including benefits for full time and part-time employees visit.

If an accommodation is required to participate in the application process please contact us via email at . Please include accommodation request in the subject line title and be sure to include your name the job ID and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call and say Workday for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

PNC provides equal employment opportunity to qualified persons regardless of race color sex religion national origin age sexual orientation gender identity disability veteran status or other categories protected by law.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and for any registered role the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA) which prohibit the hiring of individuals with certain criminal history.

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.