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Trader
- Neuberger Berman (Chicago, IL)
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**Position Overview** :
The Trader will be responsible for execution and generating P&L for multiple fixed income portfolios, with a focus on trading and executing across a wide range of interest rate products including government bonds, interest rate swaps, futures, options, and other derivatives. The successful candidate will also provide trading support and market insight to senior members of the investment grade team, contributing to strategy development and portfolio construction.
**Primary Responsibilities** :
+ Execute trades in interest rate products (e.g., government bonds, swaps, futures, options) in accordance with portfolio strategies and risk parameters.
+ Generate and manage P&L for assigned trading books, actively seeking alpha opportunities while maintaining a strong risk discipline.
+ Work closely with portfolio managers and research analysts to implement investment ideas, provide market color, and enhance execution strategies.
+ Analyze macroeconomic data, market trends, and technical factors to inform trading decisions and portfolio positioning.
+ Support the investment grade team in portfolio construction, risk management, and performance attribution.
+ Build and maintain relationships with sell-side counterparties and electronic trading platforms to ensure efficient execution and best pricing.
+ Monitor and report relevant market developments, trade flows, and liquidity conditions.
+ Ensure compliance with internal policies, regulatory requirements, and best execution standards.
+ Participate in investment meetings, contributing to strategy discussions and market updates.
+ Assist in performing Liability Driven Investment Research and Asset Liability Studies.
**Experience & Skills Qualifications** :
+ Bachelor’s degree in Finance, Economics, Mathematics, or related field; advanced degree or CFA preferred.
+ 3+ years of trading experience preferably in interest rate markets (bonds and derivatives) within an asset management, hedge fund, or sell-side environment.
+ Strong understanding of fixed income instruments, derivatives, and market microstructure.
+ Demonstrated track record of P&L generation and risk management.
+ Proficiency with trading systems (e.g., Bloomberg, Tradeweb) and Excel; familiarity with analytics tools and coding (e.g., Python, VBA) is a plus.
+ Excellent analytical, quantitative, and communication skills.
+ Ability to work collaboratively in a high-pressure, team-oriented environment.
+ High ethical standards and strong attention to detail.
Compensation Details
The salary range for this role is $110,000-$130,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
_Neuberger Berman is an equal_ _opportunity_ _employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact_ [email protected]_ _._
_Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) ._
Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $515 billion in client assets (as of March 31, 2025) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 760-plus investment professionals and more than 2,800 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by _Pensions & Investments_ as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).
Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.
For important disclosures: http://www.nb.com/linkedin
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