Sunday, October 31, 2010

Municipal Bond Trader

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Organization Objective/Purpose: Charles Schwab's Fixed Income Trading Team manages the firm's BondSource platform that offers clients, on a typical day, the choice of over 30,000 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.

Brief Description of Role: 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, Taxable, 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).

Technical/FunctionalQualifications: Responsibilities:

# Trading and Maintaining a Southeastern and a Mid Atlantic Muni Portfolio
# Monitor daily inventory, providing updated pricing
# Monitor MSRB reporting.
# Interact with IS and AS 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 parties
# 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 East and Southeastern 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, etc.)
# Series 7 & 63 required
# General knowledge of securities transfer and SEC regulations

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