The Municipal Bond Trader is responsible for the execution of taxable and tax-exempt municipal bond orders on behalf of Manulife Investment Management (MIM), the global wealth and asset management segment of Manulife Financial Corporation. They will work closely with the Municipal Strategies Team while also providing trading solutions to MIM as a centralized trader.  The trader will be able to idenfity relative value opportunities within the municipal bond market across both retail and institutional markets.  In addition, the trader will be part of the Investment Grade trading team, which focuses on IG rated corporate debt, Municipal debt, Preferred securities, and Money Markets, within the centralized fixed income trading desk at Manulife Investment Management.

Position Responsibilities:

• Execute primary and secondary trades considering speed, profitability, and volume determined in partnership with relevant Portfolio Manager. 

• Responsible for trading municipal bonds across the credit spectrum, AAA through NR.

• Accountable for achieving best price execution relative to above considerations.

• Provide market color/relevant news and their effect on trading levels to Investment Teams.

• Work closely with the Municipal Strategies Team to identify alpha generating opportunities.

• Build, maintain and leverage relationships with broker dealers.

• Communicate and manage primary calendar orders on behalf of MIM. 

• Explore electronic trading capabilities to maximize efficiency.

• Willingness to assist with backup trading responsibilities across other IG Team sectors.

Required Qualifications:

• Bachelor’s Degree required. CFA and/or MBA desired.

• Minimum of three years of direct experience in trading fixed income securities.

• Fundamental understanding of municipal markets, fixed income securities and SMA protocols.

• Experience with order management systems, electronic trading platforms, general market practices and trading conventions.

• Excellent communication and interpersonal skills to maintain effective relationships with Brokers, Portfolio Managers, Research Analysts, and team members.

• Strong negotiation and analytical skills.

• Ability to recognize and prioritize competing demands to satisfy business need.

• Ability to make strong and fast decisions under, sometimes in response to news and change.

• Personal desire and ability to achieve best price.

• Demonstrated team player mentality and strong work ethic.

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Primary Location

Boston, MassachusettsHybrid

Salary range is expected to be between

$111,000.00 USD - $175,000.00 USD

If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency

Company: John Hancock Life Insurance Company (U.S.A.)