Sunday, December 13, 2009

Taxable Preferred Trader

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Global Investment Banking Firm seeks Fixed Income Trader to trade taxable preferred securities. The position is located in Westchester/Fairfield.
Requirements

Candidates for this position must have at least 3 years credible experience within fixed income trading, with the primary focus on the credit markets, specifically taxable preferred securities. The skill and desire to analyze fixed income credit markets in the context of changing macroeconomic and industry conditions in order to generate value added investment ideas for fixed income should also be present. A fast-paced and intense environment requires an aptitude for analyzing and interpreting complex information from multiple sources in a timely manner.

Duties include:

* Must possess strong trading skills, be proficient in, and understand the dynamics of the fixed income credit markets and its various products.
* Deliver quality investment ideas and market strategy to Senior Management, Sales Team and HNW Salespeople. Ensure best execution, liaising with internal traders and outside counterparties.
* Timely and accurate execution of fixed income trades, including, with a main focus on but not limited to, taxable straight preferred securities.
* Daily management of risk with full accountability for both risk and P&L within personal book.
* Ability to hedge risk using treasuries, swaps and various other methods.
* Development of the business through communication, cooperation and support of Sales Team and Senior Management, who are responsible for fostering, maintaining, and prospecting client relationships.
* Act in accordance with all the relevant legal and regulatory requirements; identify and report issues and risks, including any compliance or suitability issues.
* Work with Controllers/Value Review on mark-to-market positions.
* Determine / Analyze any system breaks and reconcile with operations.

Skills

* Outstanding attention to detail and follow-up
* Must be a service oriented, team-player eager to assist colleagues and members of the department at all levels
* Self-motivated, innovative, hard working individual, who can handle changing priorities and multiple tasks in a timely fashion
* Strong verbal and interpersonal skills, particularly the ability to forge and maintain relationships
* Diligent and meticulous individual with the ability to “think outside the box"
* Strong time management/prioritization skills and solid judgment
* Series 7 & 63 required

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