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Job Description
What is the opportunity?
The Advisory Fixed Income Trader is a professional who seeks best execution in the trading of Fixed Income products for Financial Advisors who transact in fee-based accounts. This trader would join a proactive team who, through education and idea generation, drive productivity and deliver excellence in pricing, product and service to our FA’s with focus on their clients’ best interest.
Working Arrangement: This role is in office a minimum of four days per week.
What will you do?
Trading and execution:
- Execute Fixed Income trades with focus on best execution on every trade, making every dollar count
- Facilitate trades in an agency capacity in a timely manner
- Provide price guidance and point out security specific issues that FA should be aware of before executing (i.e. de minimis, calls/puts/sinkers, etc.)
- Develop and maintain intimate awareness of market and relative value in asset classes in order to assess appropriateness of pricing
- Create and build relationships in the street in order to source quality product at attractive prices, secure appropriate bid levels, and provide an active market for all Fixed Income products
Idea Generation:
- Identify replacement ideas if pricing is off market or bonds trade away.
- Proactively provide FAs with sector specific offerings, ladders, swaps, and other actionable ideas
- Respond quickly and precisely to inquiry from individual FAs with specific offerings or broader portfolio reviews
- Build relationships with the retail network by maintaining a high level of service
- At all times be fully conversant and knowledgeable of market conditions both general and sector specific
- Nimbly keep abreast of industry changes
Regulatory:
- Remain aware of changing compliance standards
- Retain appropriate records and adhere to all compliance reviews and requirements
Collaboration:
- Work closely with fellow traders to cover asset classes and communicate ideas to our retail network
- Share ideas and work collaboratively with Strategies, Business Development, and position trading desks to assure cohesiveness of message and keep all desks on the same page
- Leverage street contacts to maximize opportunity and identify value
- Primary focus of the merchandising effort will be directed toward meeting the various product demands of the fee based retail distribution network
What do I need to succeed?
Must Haves
- Bachelor's Degree, or the ability to demonstrate experience or academic achievement in related fields such as Economics, Finance, or Mathematics, or equivalent work experience
- Demonstrated knowledge of Fixed Income markets, economics, marketing strategies, and other Fixed Income instruments or willingness to learn
- Proficient with Bloomberg and other investment software packages
- Series 7 & 66 or 63 licenses or acquire within 90 days
Nice to Have
- 2+ years in Fixed Income environment and exposure to trading activity
- Prior experience in trading processes and procedures
- Proficiency with the Tradeweb platform
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Access to a variety of job opportunities across business
Job Skills
Bond Trading, Confidentiality, Customer Service, Detail-Oriented, Investment Banking, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Trade ProcessingAdditional Job Details
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