HJ Sims
Investment Grade Municipal Bond Junior Trader (Charlotte)
HJ Sims, Charlotte, North Carolina, United States, 28245
Investment Grade Municipal Bond Junior Trader:
As an Investment Grade Municipal Bond Junior Trader you will be responsible for trading (buying/selling) municipal bonds within assigned limits and generate sales commission and trading revenue. You will be responsible for marketing municipal bonds to the investment grade institutional sales team and disseminating product and market information. The Municipal Trader will provide fixed income services to the institutional sales team, with a focus on our clients best interest.
Principal Duties and Responsibilities:
Execute trades in investment grade municipal bonds, while ensuring compliance with best execution and portfolio guidelines Maintain and expand relationships with institutional clients and serve as liaison between institutional salesteam and clients Utilize electronic trading venues (MarketAxess, Tradeweb, Bloomberg, etc.) to facilitate best execution Disseminate relevant market information to traders, sales team and clients Respond promptly to corporate actions (bond tenders, exchanges, calls, documentation changes) Monitor Market and credit spread dynamics to contribute to trade idea generation Monitor open positions, track market movements and economic indicators, maintain accurate trade documentation, and monitor new issue markets Provide data and comments to credit and market analysis teams for economic commentaries, client presentations and internal discussions as needed. Work directly with head of the investment grade municipal trading desk, sales team and credit analyst to understand client needs and assist in trading oversight of
institutional accounts Identify opportunities to streamline trading workflows, enhance analytical reporting tools, and serve as representative to committees as needed Remain aware of changing compliance standards. Maintains proper and accurate records and ensures that all trades comply with regulations and policies.
Other Responsibilities:
Support and promote the Firms vision, mission and core values, organizational structure and policies and procedures. Must have excellent analysis, observation and decision-making skills. Highly focused, able to rapidly determine key priorities, clearly communicate the priorities and ensure resources are properly aligned. Excellent interpersonal and communication skills are necessary for maintaining effective relationships with Board members, officers, employees, and members of the business and civic community. Individual should be able to work under high pressure situations and then should remain composed. Comply with federal and state regulations as well as all established Firm policies and procedures. Other duties or licenses as assigned.
Qualifications, Education and Experience Recommendations:
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 2-5 years of experience working on a fixed income trading desk or marketing products and ideas to financial advisors Series 7 & 63 licenses Strong understanding of fixed income products and pricing mechanics, excellent quantitative and analytical skills with attention to detail, proven ability to work effectively under pressure in fast-paced environments, strong written/verbal communication skills for market commentary and client materials, demonstrated proficiency in fixed income market and economic research, knowledge of securities markets and forces that drive these markets Proficient with Bloomberg and other investment software package Proficiency with Tradeweb and other ECN is a plus Strong ethical standards and commitment to fiduciary responsibility Ability to perform varied tasks from multiple sources and prioritize Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities. Good interpersonal skills; ability to work effectively with a variety of personalities
Principal Duties and Responsibilities:
Execute trades in investment grade municipal bonds, while ensuring compliance with best execution and portfolio guidelines Maintain and expand relationships with institutional clients and serve as liaison between institutional salesteam and clients Utilize electronic trading venues (MarketAxess, Tradeweb, Bloomberg, etc.) to facilitate best execution Disseminate relevant market information to traders, sales team and clients Respond promptly to corporate actions (bond tenders, exchanges, calls, documentation changes) Monitor Market and credit spread dynamics to contribute to trade idea generation Monitor open positions, track market movements and economic indicators, maintain accurate trade documentation, and monitor new issue markets Provide data and comments to credit and market analysis teams for economic commentaries, client presentations and internal discussions as needed. Work directly with head of the investment grade municipal trading desk, sales team and credit analyst to understand client needs and assist in trading oversight of
institutional accounts Identify opportunities to streamline trading workflows, enhance analytical reporting tools, and serve as representative to committees as needed Remain aware of changing compliance standards. Maintains proper and accurate records and ensures that all trades comply with regulations and policies.
Other Responsibilities:
Support and promote the Firms vision, mission and core values, organizational structure and policies and procedures. Must have excellent analysis, observation and decision-making skills. Highly focused, able to rapidly determine key priorities, clearly communicate the priorities and ensure resources are properly aligned. Excellent interpersonal and communication skills are necessary for maintaining effective relationships with Board members, officers, employees, and members of the business and civic community. Individual should be able to work under high pressure situations and then should remain composed. Comply with federal and state regulations as well as all established Firm policies and procedures. Other duties or licenses as assigned.
Qualifications, Education and Experience Recommendations:
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 2-5 years of experience working on a fixed income trading desk or marketing products and ideas to financial advisors Series 7 & 63 licenses Strong understanding of fixed income products and pricing mechanics, excellent quantitative and analytical skills with attention to detail, proven ability to work effectively under pressure in fast-paced environments, strong written/verbal communication skills for market commentary and client materials, demonstrated proficiency in fixed income market and economic research, knowledge of securities markets and forces that drive these markets Proficient with Bloomberg and other investment software package Proficiency with Tradeweb and other ECN is a plus Strong ethical standards and commitment to fiduciary responsibility Ability to perform varied tasks from multiple sources and prioritize Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities. Good interpersonal skills; ability to work effectively with a variety of personalities