Monday, April 6, 2009

Fixed Income Corporate Bond Trader

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Description

Schwab's purpose is to help everyone become
financially fit. Over the last thirty years, Schwab has grown from a
brokerage house into one of the nation's leading financial
institutions.

Charles Schwab Investment Management (CSIM) continues to be a leader
among asset managers in the industry. But even more importantly,
it's an important enabler in fulfilling Schwab's mission of helping
everyone be financially fit, and a critical engine of the Firm's
growth and profitability.

The Fixed Income Trading group

within CSIM is responsible for serving clients and managing their
Fixed Income product needs --Corporate, Bank, Government and Tax-free
bond instruments. Our traders work closing with the Fixed Income
sales and services teams within our retail business (Investor
Services) and our institutional teams (Advisor Services).

Whether you desire to work face-to-face with customers or are drawn
to opportunities behind the scenes, know that everybody who works at
Schwab plays a vital role in offering our clients a range of valuable
and ethical financial services. If you share our enthusiasm for
providing the tools, resources and guidance that can help them
achieve their financial goals, there's a place for you at Schwab.

Responsibilities:

# Trade and maintain a designated Fixed Income portfolio
# Monitor daily inventory, providing updated pricing and
analysis
# Negotiate trades and act as a liaison with outside industry
partners and vendors
# Maintain a continuous focus on risk management efforts and
expected protocols
# Monitor MSRB and TRACE reporting requirements
# Interact collaboratively with institutional (Schwab Advisory
Services) and retail (Investor Services) sales and service
partners
# Monitor external ATS offerings for appropriate credit quality
and customer suitability
# Work on Bid Wanteds via QWS
# Work on orders in trader review status
# Executing, cancelling, changing, outing orders, and notifying
all parties
# Watch aged items and shorts
# Check out with dealers
# Handle all trade problems/settlement breaks, call contra
parties, liaison with operations
# Leverage proprietary and standard tools and databases
(Bloomberg) for information and decision-making requirements

Qualifications:

# Bachelor's degree in accounting, finance or economics
# Minimum of three 3 years' trading experience preferably
within a collaborative and team-oriented trading environment
comprised of all fixed income products
# Service oriented with excellent verbal and written
communication skills
# Ability to work independently, exercise sound judgment and
manage daily workload with strong conflict management,
analytical, quantitative and problem solving skills
# Must be flexible, detail-oriented and able to work in a
fast-paced team environment
# Demonstrated prior experience in a customer service or
business development role
# Strong PC skills that includes experience with Microsoft
office (including Excel, Word, and Power Point) and industry
standard trading resources and tools (Bloomberg, Reuter's
Blackrock etc.)
# Series 7 & 63 required. Series 24 & management experience
desired.
# General knowledge of securities transfer and SEC regulations
Requirements Fixed Income Trading

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