Job Description

What You'll Do:

We’re   looking for an Associate   Fixed   Income Trader to join our   Structured Product   Fixed Income team. In this role,   you’ll   analyze and execute trades, conduct market research, and provide insights to portfolio managers and analysts . This role will cover securitized asset classes including ABS, CMBS,   CLO   and non-agency RMBS .  

Key Responsibilities:  

• Identify , analyze, and execute relative value trades while ensuring compliance with Best Execution guidelines.

• Monitor open positions and document trades accurately.

• Conduct research on   sector s and industries to assess asset value, develop trading strategies, and support investment decisions.

• Stay informed on financial markets, global economies, and industry trends.

• Build and   maintain   relationships with traders, brokers, and market contacts to secure   optimal   pricing, research, and allocations.

• Improve processes and trading systems by collaborating with IT partners to enhance workflow and analytics.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! 

Principal Asset Management offers global asset management   expertise   across a diverse set of traditional and alternative asset classes. Check us out at   

Who You Are:

• Bachelor’s degree in a technical field such as finance, accounting, economics, statistics, engineering, data science, or business analytics  

• Previous   internship and/or work experience in the investment industry, preferably fixed income  

• Solid understanding of financial accounting, economic theory, global financial markets, and fixed income products and strategies  

• Strong   proficiency   in Excel  

 

Skills That Will Help You Stand Out  

 

• Credit analysis and/or credit trading experience  

• Proficiency   in trading systems and platforms such as Charles River,   Bloomberg , and Aladdin  

• MBA, CFA designation, or progress toward either  

• Previous   computer programming experience combined with familiarity with programming languages ( ie , Python, MATLAB, R) 

• Collaborative and relationship-focused  

• Comfortable taking informed positions and educated risks  

• Demonstrated ability to multitask, stay organized, and   maintain   strong attention to detail while performing under pressure and tight deadlines  

• Strong communication   skills and the ability to develop strong relationships  

Salary Range Information: Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range: $81900 - $147600 / year Time Off Program: Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. Pension Eligible: No Additional Information:

Location  

This role will be based out of our World Headquarters   located   in Des Moines, IA. You can check out what our Global Headquarters looks like here:

Work Authorization/Sponsorship   

At this time ,   we're   not considering applicants that need any type of immigration sponsorship ( additional   work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For   additional   information around work authorization needs please use the following links.  

 

Nonimmigrant Workers   and   Green Card for Employment-Based Immigrants  

Investment Code of Ethics   

For Principal Asset Management positions,   you’ll   need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.  

Experience Principal   

At   Principal, we value connecting on both a personal and professional level. Together,   we’re   imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out   our   careers site   to learn more about our purpose,   values   and benefits.  

Principal is an Equal Opportunity Employer   

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.  

 

 

Posting Window: We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline. Date First Posted (TTF): 11/6/2025 Latest Post Date: Careers - US: 11/10/2025

Job Tags

Permanent employment, Full time, Temporary work, Work experience placement, Internship, H1b, Work at office, Flexible hours,

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