At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs.

Come join us in delivering better outcomes for our clients around the world!

Franklin Income Investors, a Specialist Investment Manager of Franklin Templeton, is a multi-asset income investor with over $93 billion in assets under management.  Our strategies have significant investment flexibility and consider investments across global fixed income and equity markets to meet the needs of income investors.   Anchored by our flagship Franklin Income Fund, we manage client assets across a range of investment vehicles including US open-end mutual funds, offshore SICAV funds, ETFs, and separately managed accounts. We recognize that each employee’s unique experiences, perspectives, and viewpoints add value to our ability to create and deliver the best possible outcomes and service to our clients. 

About the Opportunity

The Fixed Income Trader will work as a member of the investment team and will be responsible for executing complex order flow for our multi-asset investment business in support of a wide range of domestic and global income strategies.  The position requires extensive knowledge of fixed income markets with comprehensive understanding of investment strategies, trading systems, and execution strategies for a wide range of fixed income instruments including Treasuries, Structured Credit, Corporate Bonds (investment grade and high yield), Leveraged Loans, and Interest Rate and Credit Derivatives.

Job Location: On-Site 5 days per week in San Ramon, CA or New York City, NY.

Responsibilities:

• Trade execution: Execute buy and sell orders for a broad range of fixed income securities, including corporate bonds (investment grade and high yield), leveraged loans, credit derivatives, agency MBS, US Treasuries/Agencies, ensuring best execution in accordance with regulatory requirements and internal policies.  Ability to collaborate with the broader investment team on equity markets and trade execution as needed.

• Market Analysis & Idea Generation: Continuously monitor global financial markets, economic indicators, interest rate movements, credit spreads, and geopolitical events to identify trading opportunities and assess market opportunities. Provide insightful market commentary and actionable trading ideas to portfolio managers.

• Collaboration & Communication: Work closely with portfolio managers to understand investment strategies and provide guidance throughout the investment and trading process.  Liaise effectively with external brokers, counterparties, and internal teams (research, sales, operations, technology, and risk) to optimize trading outcomes and resolve any trade-related issues. Build and maintain strong relationships with a network of market counterparties to gain market information and facilitate efficient trade execution.

• Technology & Innovation: Effectively utilize and advocate for advanced trading platforms, market data systems, and internal tools.  Proactively explore and evaluate technology solutions to enhance trading efficiency and risk management.

• Reporting & Documentation: Prepare detailed reports and presentations on trading activity, risk exposures, and market trends for the investment team.  Maintain accurate and timely trading records.

• Compliance & Due Diligence: Ensure all trading activities adhere to firm and industry standards, regulatory guidelines, and internal policies.

Qualifications:

• Bachelor’s degree in Finance, Economics, Mathematics, Computer Science, or a related field.  A CFA or post-graduate degree is preferred.

• Minimum of 5+ years of demonstrable trading experience in fixed-income securities, with a primary focus on corporate credit (investment grade and high yield).

• Deep understanding of financial markets and the ability to participate in an investment process that evaluates income opportunities across a broad range of equity and fixed-income securities.

• Strong analytical, quantitative, and problem-solving skills, with the ability to interpret complex financial dat