Fixed Income Trader I

Company: EDWARD JONES
Location: Peoria
Posted on: January 25, 2023

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

Keywords: EDWARD JONES, Peoria , Fixed Income Trader I, Accounting, Auditing , Peoria, Arizona