Saturday, January 23, 2010

Municipal Trader (Odd Lot) - Annapolis, MD

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Position Title: Municipal Trader (Odd Lot) - Annapolis, MD

Requisition Number: 114168

Position Type: Full-Time

Position Category: Trading

Job Description:

Responsible for municipal odd-lot trading for Financial Consultants (FC), including sourcing and identifying opportunities in assigned markets, maintaining a consistent odd lot inventory for FCs and clients, manage risk within assigned limits for positions, building bond ladders, creating and proposing client swaps. Also responsible for marketing municipal bonds to the retail branch network by disseminating product and market information and by following-up on the merchandising of available securities. Will educate the sales force through branch office communications and visits; educating and training brokers on the products and; generating sales ideas.

Key Accountabilities:

To be a successful Municipal Trader you will:

* Communicate with street traders in other firms, identifying opportunities for FCs and clients, initiating and completing odd-lot trades.
* Work with RBC traders, especially within geographic region, in partnership toward coordinated efforts aimed at increasing distribution.
* Act on behalf of firm as authorized trader, receiving bid lists, determining and submitting bids for identified securities, and taking confirmation for trades on relevant trading desk.
* Operate within trading authorizations as promulgated by trading management, and within all regulatory requirements and RBC Standing Orders and policies.
* Communicate with and visit branch offices to educate FCs about municipal products.
* Develop and distribute marketing materials for municipal securities.
* Provide backup to Retail Traders as needed and support as requested.
* Assist in maintaining accurate revenue capture, inventory control, risk metrics, regulatory reporting.

Experience: Minimum 3 years

Education: High School Diploma / GED

Accreditations/Registrations/Licenses: Series 7

Basic Requirements:

* Minimum 3 years experience working on a fixed income trading desk executing and managing risk-taking trades.
* Series 7 license.
* Demonstrated knowledge of fixed income markets, economics, marketing strategies, municipal investors, financial instruments, and office operations.
* Proficient with Microsoft Office, Bloomberg and other investment software packages.
* Demonstrated multi-tasking and organizational skills in a fast paced, high customer service based environment.
* Ability to work in the U.S. without sponsorship.

Preferred Qualifications:

* BA/BS with courses in economics, finance, technology and marketing.
* Previous experience planning, executing and managing projects.
* Prior sales experience.
* Demonstrated ability to be flexible and patient in stressful situations.

Relocation: No

We thank all interested candidates however only those selected for an interview will be contacted.

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