The Municipal Trading Department within Edward Jones needs to provide Financial Advisors with a broad supply of highly diversified and fairly priced municipal bonds to meet the unique needs of their clients. The Trader III role is crucial for identifying and analyzing market opportunities, managing trading capital, and ensuring best execution on trades, all while mitigating significant regulatory, financial, and reputational risks.
Requirements
- SIE, Series 7(Top-Off), 52 and 66 required; additional desk specific licenses are required within 6 months (based on corresponding testing windows)
- Expert knowledge of capital markets analytics, trading strategies, and risk management technique
- Expert knowledge of internal and external trading systems and related tools, including, but not limited to, Bloomberg and 3rd party electronic trading platforms
Responsibilities
- Timely and accurately manage the firm's client retail order flow with municipal bonds in both principal and agency capacities up to specified order and aggregate limits (large levels)
- Manage municipal bond flows across multiple account types, including Brokerage, Investment Advisory, Trust, and UMA - assisting with the ongoing expansion of these programs and their impact on the product line
- Expert ability to manage firm trading capital for both individual security transactions and at the portfolio level up to large limits
- Enhance the suite of municipal bonds that are available for purchase, either from firm inventory or the market more broadly, in accordance to firm guidance
- Expert ability to identify and source liquidity for municipal bonds across a spectrum of liquidity profiles and market conditions
- Expert ability to deploy risk management techniques in all 3 facets of the role consistent with the scope of responsibility, including trading, systems, and regulatory risks
- Expert ability to evaluate and analyze data by applying insights to trading related decisions through coding/reporting tools
Other
- Successful completion of Trader II responsibilities or equivalent industry experience
- 6+ years of financial service experience required, capital markets preferred
- CFP, MBA, CFA, CPA or related designations preferred
- Candidates that live within in a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office three days per week, with preference for Tuesday through Thursday.
- While this role is posted as hybrid, if selected and accepted, you may retain your home-based status.
