In this sector, you'll find listings for debt jobs in capital markets. Debt is also called fixed income. Debt in this context normally refers to bonds, which, similar to equities, are issued by a company or government with a goal to raise money. The company or government sells bonds, which are basically loans, with the promise to pay the bond holders back their principal plus interest at a specific appointed time in the future. Before that time, however, bonds can be sold once again to other investors in a secondary bond market. The bond holder, who eventually recovers the principal and interest, is often one of these other investors rather than the original buyer. Investment banks normally act as the bond underwriters. They are responsible for creating bonds and bringing them to market.
Before the bond matures, the bond holder receives interest payments as an exchange for lending the issuer money. Because these interest payments are a fixed cash sum paid at regular intervals, bonds are now also known as fixed income products.
Positions in Debt and Fixed Income
Work as a debt specialist can be widely varied. The job could include anything from originating to structuring or syndicating. On the legal side, you may find work at a law firm that deals with the legal requirements of submitting registration paperwork and other tasks. Origination specialists working in an investment bank are often senior capital markets bankers. These jobs involve traveling, often around the world, to meet clients so they can better establish their financing needs and make a case for them to offer business to their bank.
Positions in structuring usually involve more work in the office. Your job will be to create debt products to match a company's financial requirements. After that, people working on the syndication desk ready the products for sale. It's their responsibility to calculate the best interest range, assess demand, and arrange correct documentation.
Fixed income job titles could be Municipal Bond Sales, Global Fixed Income Product Specialist, Fixed Income Trader, Investment Grade Credit Investor, Capital Markets Credit Risk Analyst or Senior Structured Finance Specialist.
Some of the skills you'll find useful when working in fixed income include analytical ability and an aptitude for statistics, strong communications skills, multi-tasking and perseverance.
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| Marketing & Client Services | Not Disclosed Competitive compensation structure | Los Angeles, CA | 18 May 12 |
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Established Los Angeles-based investment advisory organization with broad, national base of institutional clie...
| Junior Portfolio Manager | Not Disclosed Competitive salary | Los Angeles, CA | 18 May 12 |
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West Coast Investment Advisory Organization seeks an experienced individual to manage the firm's fixed-income ...
| Institutional Marketing Professional – United States | Crescent Capital Group TBD | Los Angeles, CA | 17 May 12 |
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Leading below Investment grade fixed income investment manager with 20 year track record seeks Institutional M...
| Portfolio Associate, Global Hub | Pacific Investment Mgmt Company not disclosed | Newport Beach, CA | 22 May 12 |
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See job description below
| Vice President, Head of Channel Marketing | Pacific Investment Mgmt Company not disclosed | Newport Beach, CA | 21 May 12 |
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The firm is seeking an experienced marketing manager to develop high quality, effective marketing and sales su...
| DC Institutional Sales and Marketing Account Associate | Pacific Investment Mgmt Company not disclosed | Newport Beach, CA | 21 May 12 |
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See job description below
| Institutional Fixed Income Sales | Mutual Securities, Inc. Hourly, Commission, Bonus | Laguna Beach, CA | 21 May 12 |
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Institutional Fixed Income (U.S. government agencies and investment grade corporate bonds) Sales, Trading, Bus...
| Business Dev. Assoc.- LatAm/Caribbean | Pacific Investment Mgmt Company not disclosed | Newport Beach, CA | 20 May 12 |
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PIMCO is seeking to recruit a Business Development Associate for the Latin America & the Caribbean team, f...