Associate - Principal Trader

About Our Company We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer.

Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and River Source Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description Licensed fixed-income trader on a principal trading desk, initially assigned to municipal securities. The role consistently commits firm capital, holds and positions inventory, and makes independent buying, selling, pricing, hedging, and risk-reward decisions across an assigned scope within established capital and risk limits. It owns assigned inventory and desk deliverables with limited day-to-day direction, supports senior inventory books, and converts market, advisor, and dealer information into actions affecting profitability and risk.

It remains below a Junior Trader’s broader product authority, capital responsibility, and exception autonomy.

Key Responsbilities Owns end-to-end execution and resolution of assigned principal fixed-income transactions within established authority, capital, and risk limits, including independent buying and selling decisions for inventory positions.

Executes in assigned and senior trader inventory books as needed, applying judgment to pricing and execution while escalating unusual or higher-risk matters.

Owns assigned inventory positioning, bid coverage, pricing analysis, and trade-review deliverables with limited day-to-day direction.

Evaluates relative value, competitive offerings, supply and demand, market movements, aging, concentration, and DV01 exposure to improve turnover, profitability, and disciplined capital use.

Applies experienced fixed-income knowledge and developing municipal expertise to determine why bonds are priced relative to alternatives across credit, structure, call, liquidity, maturity, and market technicals.

Converts economic, regulatory, dealer, and order-flow developments into actionable trading and inventory recommendations.

Applies market, liquidity, credit, concentration, operational, and inventory-risk controls to positions for which the role commits firm capital.

Establishes hedge positions within delegated authority, including short U.S. Treasury positions for assigned activity or on behalf of senior traders; supports book-level DV01, aging, and concentration reporting; and understands mark-ups/mark-downs, special trade coding, and regulatory reporting.

Owns risk assessment for assigned decisions across market, liquidity, credit, concentration, operational, and inventory exposures.

Establishes or recommends U.S. Treasury hedge positions, evaluates risk-reward tradeoffs, monitors book-level DV01, aging, and concentration, and applies mark-up/mark-down, special-coding, and regulatory-reporting requirements.

Owns analysis of advisor behavior, order flow, inventory turnover, and market trends and converts those insights into distribution and inventory actions.

Explains complex concepts to advisors, gains cooperation from internal partners, and develops dealer relationships whose quality and activity directly affect execution opportunities and desk profitability.

Owns assigned desk-development and operating-improvement deliverables, including transfer of knowledge from unusual…