This position will be responsible for credit analysis, strategy implementation and ongoing monitoring of Old National Wealth Management's hundreds of centrally traded taxable and non-taxable total return fixed income accounts. This position also assists in the evaluation of initial bond offerings and their suitability in ONWM's centrally managed portfolios. Communication with portfolio managers and supporting the Fixed Income Team on special projects are other responsibilities of this position.
Salary Range
The salary range for this position is $62,300 - $122,400 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.
Key Accountabilities
Implementing fixed income strategies in non-institutional centrally managed accounts
Account maintenance-staying current on cash management and keeping accounts in-line with strategy targets for sector weights and duration for each fixed income strategy
Communicating with portfolio managers to understand investment objectives and cash reserves as well as when distributions and/or contributions are expected for hundreds of accounts.Analyzing and implementing new issue corporate and municipal bond needs across centrally managed accounts
- Working with the other fixed income portfolio manager and traders to match portfolio needs with new issue availability for the purpose of determining sizes of large new issue orders
- Helping with credit analysis of new issue corporates
Supporting the Fixed Income Team
- Using specialized software to create fixed income analytical reports needed by the Fixed Income Team
- Collecting research and information for fixed income team meetings as well as portfolio manager meetings
- Helping to analyze tender offers from corporations and reporting recommendations to portfolio managers
Key Competencies for Position (for this role, place in order of importance and remove if does not apply)
- Technical Knowledge- Ability to learn to use Bloomberg and BondEdge platforms while being familiar with fixed income industry terminology.
- Attention to Detail- Buying/Selling millions of dollars of bonds to achieve duration, sector, and credit quality targets of each strategy while keeping detailed notes on each account
- Collaboration with others- Must communicate easily with both the fixed income team as well as portfolio managers to adapt to constant changes in hundreds of accounts
Qualifications and Education Requirements
- Bachelor's degree in finance, Business, Accounting, Mathematics, or related field
- 1 to 3 years of related securities experience (job level will depend on experience level. Fixed Income Analyst requires less than 1 year experience; Fixed Income Analyst II requires 1 - 3 years of related experience.)
- Financial Analysis: ability to prepare and analyze a variety of financial reports
- Reasoning Ability: Demonstrate the ability for critical thinking and problem solving
- Office Skills: Excel, Word, and Outlook while comfortable learning complex new software and platforms
Key Measures of Success/Key Deliverables
- Performance and consistency of all non-institutional Fixed Income composite accounts
- AUM of Fixed Income composites
- Number of trade errors needing to be reversed annually
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.
Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank.
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