What does a fixed income manager do?
To analyze, balance, set goals with the client, and ensure that these goals are achieved is the primary job of a fixed income manager. Fixed income managers are behind the monitoring of fixed-income investments, which are the options for people who like to invest but with less stress. They make investors understand how the system works, put up a specific amount, set forth the sail of the investment, and ensure that the expected earnings from it are received.
Fixed income manager responsibilities
Here are examples of responsibilities from real fixed income manager resumes:
- Manage operational functions for MBS sales force.
- Work with DTC to automate uploads of CDS/IRS trades electronically.
- Manage derivatives, cash equities, ETF's and other equity-link products.
- Manage operational build out of credit derivatives (CDS, CDX and IRS) designing workflows and building operational risk controls.
- Leverage cash sales client relationships to complete firm s full service global platform and become a repo sales-trader.
- Design bond ladders, swaps, and trades for clients.
- Handle various duties including cleaning up the daily reconciliation between Pershing and Bloomberg.
- Monitor and research tangible global macro issues and domestic trends to forecast the Korean rates.
- Leverage research to facilitate trading ideas and develop new U.S. equities, options and high-yield accounts.
- Spearhead the switch from U.S. Treasury notes as duration hedges for GSE paper to swap agreements.
- Maintain cash balances on various funds with the purchasing or selling of treasury bills or repurchase agreements.
- Base on the trade execution java mail is send mail message to the sales person and trader.
- Research swaps structures involving calculation of cash flows, discounting-NPV, as well as mark to market values.
- Lead team's effort to investigate and clear outstanding derivative and bank loan cash breaks on a daily basis.
- Implement a new trading and clearing platform, which integrate the firm's institutional sales and trading teams on Bloomberg.
Fixed income manager skills and personality traits
We calculated that 17% of Fixed Income Managers are proficient in Fixed Income, Client Relationships, and Risk Management. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.
We break down the percentage of Fixed Income Managers that have these skills listed on their resume here:
- Fixed Income, 17%
Hired by owner to generate alpha to improve corporate earnings by implementing my fixed income trading and portfolio management acumen.
- Client Relationships, 8%
Initiated and established new client relationships through prospecting and cross-selling internal corporate contacts.
- Risk Management, 7%
Expanded selective aspects of risk management techniques to non-jurisdictional assets such as critical gathering lines.
- Securities, 6%
Identified over and undervalued securities in customer portfolio on a daily basis assisting customers expedite buy/sell or swap decisions.
- Derivative, 6%
Negotiated sources of prices in US Government, Agency, Corporate, Municipal, and Money Markets together with associated derivatives.
- Balance Sheet, 5%
Organized weekly balance sheet meeting, and consolidated commentary to Treasurer, Risk Officer and varying senior executives of the Firm.
"fixed income," "client relationships," and "risk management" are among the most common skills that fixed income managers use at work. You can find even more fixed income manager responsibilities below, including:
Analytical skills. One of the key soft skills for a fixed income manager to have is analytical skills. You can see how this relates to what fixed income managers do because "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Additionally, a fixed income manager resume shows how fixed income managers use analytical skills: "analyzed pricing of derivative products. "
Communication skills. Many fixed income manager duties rely on communication skills. "financial managers must be able to explain and justify complex financial transactions.," so a fixed income manager will need this skill often in their role. This resume example is just one of many ways fixed income manager responsibilities rely on communication skills: "utilized tools including bloomberg for analytics, research and communication. "
Detail oriented. fixed income managers are also known for detail oriented, which are critical to their duties. You can see how this skill relates to fixed income manager responsibilities, because "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." A fixed income manager resume example shows how detail oriented is used in the workplace: "cleared trades utilizing dtc, bloomberg and chase systems; ensured attention to detail. "
Math skills. A big part of what fixed income managers do relies on "math skills." You can see how essential it is to fixed income manager responsibilities because "financial managers need strong skills in certain branches of mathematics, including algebra." Here's an example of how this skill is used from a resume that represents typical fixed income manager tasks: "coded all the middle tier components in java and implemented mathematical and statistical components used for the ranking calculations. "
Organizational skills. Another crucial skill for a fixed income manager to carry out their responsibilities is "organizational skills." A big part of what fixed income managers relies on this skill, since "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." How this skill relates to fixed income manager duties can be seen in an example from a fixed income manager resume snippet: "identified organizational processes to create project management office. "
The three companies that hire the most fixed income managers are:
- KPMG LLP22 fixed income managers jobs
- Morgan Stanley21 fixed income managers jobs
- Andersen7 fixed income managers jobs
Compare different fixed income managers
Fixed income manager vs. Manager/finance accounting
A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
While similarities exist, there are also some differences between fixed income managers and manager/finance accounting. For instance, fixed income manager responsibilities require skills such as "fixed income," "client relationships," "risk management," and "securities." Whereas a manager/finance accounting is skilled in "customer service," "cpa," "gaap," and "reconciliations." This is part of what separates the two careers.
Managers/finance accounting tend to make the most money working in the government industry, where they earn an average salary of $92,198. In contrast, fixed income managers make the biggest average salary, $119,635, in the finance industry.On average, managers/finance accounting reach similar levels of education than fixed income managers. Managers/finance accounting are 2.3% less likely to earn a Master's Degree and 1.4% less likely to graduate with a Doctoral Degree.Fixed income manager vs. Cash manager
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Each career also uses different skills, according to real fixed income manager resumes. While fixed income manager responsibilities can utilize skills like "fixed income," "client relationships," "risk management," and "securities," cash managers use skills like "customer service," "cash management," "financial statements," and "reconciliations."
Cash managers may earn a lower salary than fixed income managers, but cash managers earn the most pay in the manufacturing industry with an average salary of $101,436. On the other hand, fixed income managers receive higher pay in the finance industry, where they earn an average salary of $119,635.In general, cash managers achieve lower levels of education than fixed income managers. They're 9.8% less likely to obtain a Master's Degree while being 1.4% less likely to earn a Doctoral Degree.Fixed income manager vs. Business manager-finance manager
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a fixed income manager is likely to be skilled in "fixed income," "client relationships," "risk management," and "securities," while a typical business manager-finance manager is skilled in "financial analysis," "project management," "financial management," and "oversight."
Business manager-finance managers make a very good living in the finance industry with an average annual salary of $115,910. On the other hand, fixed income managers are paid the highest salary in the finance industry, with average annual pay of $119,635.When it comes to education, business manager-finance managers tend to earn similar degree levels compared to fixed income managers. In fact, they're 1.3% less likely to earn a Master's Degree, and 1.0% less likely to graduate with a Doctoral Degree.Fixed income manager vs. Collections manager
A collections manager is an individual who manages a staff of collectors whose job is to contact companies and individuals for the late payments on the products and services they have received. Collections managers oversee a company's process of retrieving money owed to them by assigning collectors to collect the money. They are required to handle customer complaints and must negotiate with customers about payment arrangements to ensure they are being paid. They also provide reports on the collection department's progress, statistics, and data analysis.
Types of fixed income manager
Updated January 8, 2025
