Fixed Income Trader I
Company: EDWARD JONES
Location: Peoria
Posted on: January 25, 2023
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Job Description:
At Edward Jones, we help clients achieve their serious,
long-term financial goals by understanding their needs and
implementing tailored solutions. To ensure a personal client
experience, we have located our 15,000+ branch offices where our
more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients
and receives branch office support, so they can focus on building
deep relationships with clients. Headquarters associates in St.
Louis, Tempe and Mississauga provide support and expertise to help
U.S. and Canada branch teams deliver an ideal client experience. We
continue to grow to meet the needs of long-term individual
investors.The Corporate Bond Trading Department within Edward Jones
is primarily responsible for providing our Financial Advisors with
a broad supply of highly diversified and fairly priced corporate
bonds that may be used to fulfill the unique needs of every one of
our more than 7 million clients. Our goal is to identify and
analyze opportunities in the marketplace while always seeking to
provide the best execution possible on every trade we handle.
As a Trader I, expectations are that you would have a strong and
growing interest in capital markets, proficient risk management
skills, and be able to make capital commitments with minimal
oversight. An attention to detail is a must as your decisions
directly impact our clients, while exposing the firm to significant
regulatory, financial, and reputational risk. In addition to the
above trading responsibilities, this may be the ideal opportunity
for those looking to drive the strategic direction of the Trading
desk and help the firm evolve how fixed income solutions are
delivered to clients.
Position is not remote eligible, will be based in office in Tempe,
AZ
--- (Fixed Income) Ensure inventories align with firm research and
portfolio guidance, leveraging new issues, bid wanted, secondary
purchases, client liquidations and external offerings, effectively
identifying capital commitment opportunities and managing
corresponding positions with moderate retail-structured trading
flows and capital commitments
--- Timely and accurately manage the firm's client retail order
flow on individually traded securities (Stocks/ETFs/Bonds/CDs) in
both principal and agency capacities up to specified order and
aggregate limits (moderate levels)
--- Manage individually traded securities (Stocks/ETFs/Bonds/CDs)
flows across multiple account types, including Brokerage,
Investment Advisory, Trust, and UMA - supporting the development of
these programs and their impact on the product line
--- Advanced ability to manage firm trading capital for both
individual security transactions and at the portfolio level
(example, net positioning, ETF rebalances) up to moderate
limits
--- Improve the suite of individually traded securities that are
available for purchase, either from firm inventory or the market
more broadly, in accordance with firm guidance
--- Advanced ability to identify and source liquidity for
individual securities (Stocks/ETFs/Bonds/CDs) across a spectrum of
liquidity profiles and market conditions
---Advanced 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
--- Advanced ability to evaluate and analyze data by applying
insights to trading related decisions through coding/reporting
tools
--- Advanced ability to perform all daily trading-related
responsibilities, including pricing evaluation, relative value, key
ratios, and more
--- Advanced demonstration of market structure, capital markets
analytics, economic variables, and trading strategies
--- Advanced ability to understand, evaluate and appropriately
respond to changing market conditions and industry trends
--- Improve best execution (for example, fixed income E/Q
equivalent) and compliance with all firm and industry regulatory
requirements
--- Advanced application of internal and external trading systems
and related tools, including testing, troubleshooting, and
development where appropriate
--- Improve client service excellence delivery, identifying trends
and best practices accordingly, in alignment with human centered
complete wealth management
--- Improve operational excellence initiatives to scale the
quantity and quality of individual security workflows
--- Build the depth & breadth of external networks across dealers
and vendors that help source supply, manage liquidity, generate
market insights, and more
--- Build the depth and breadth of internal networks across key
stakeholders to support trading floor initiatives and align with
broader firm efforts
--- Provide general training and guidance to other traders,
including product, service, systems, and regulatory insights, on
the team
Position is not remote eligible, will be based in office in Tempe,
AZ
Position is not remote eligible, will be based in office in Tempe,
AZ
Salary: $66379 - $109459
Category: Headquarters
Keywords: EDWARD JONES, Peoria , Fixed Income Trader I, Accounting, Auditing , Peoria, Arizona
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