Thursday, July 30, 2009

Fixed Income (Municipal) Trader

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Charles Schwab's Fixed Income Trading Team manages the firm's
BondSource platform that offers clients, on a typical day, the choice
of over 25,000 different fixed income securities. The most popular
products are municipal bonds; Bank CDs; U. S. Treasury Bills, Notes
and Bonds; and Corporate Bonds.

Whether you want 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.

The Fixed Income Trading group at Charles Schwab & Co., Inc. 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).


# Trading and Maintaining a Mid Atlantic Muni Portfolio
# Monitor daily inventory, providing updated pricing
# Work on introducing Schwab to lead underwriters for Negotiated
# Monitor MSRB reporting.
# Interact with SIS and SI service and sales.
# 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 notify all
# Watch aged items and shorts
# Check out with dealers
# Handle all trade problems/settlement breaks, call contra parties,
liaison with operations


# 7-15 Years of Municipal Trading experience with strong knowledge of
the Mid Western States.
# Bachelor's degree in accounting, finance or economics
# Excellent communication, organizational and customer service skills
# Ability to work independently, exercise sound judgment and manage
daily workload
# 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
# General knowledge of securities transfer and SEC regulations
Requirements Municipal Bond Trading

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