Saturday, November 20, 2010

Credit Trader

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Position Category: Fixed Income Sales & Trading
Position Title: Credit Trader
Job Level: Vice President
Location: USA - NY - Purchase
Education Required: Bachelors Degree

Position Description:
Full Time Position Title: Credit Trader
Functional Area: Sales & Trading
Location: Purchase, NY

Please include a resume and cover letter with all applications.

Educational Requirements
BA/BS degree

Job Description

Candidates for this position must have at least 3 years credible experience within fixed income trading, with the primary focus on the credit markets. 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 GWM 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.

Morgan Stanley Smith Barney, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust. Morgan Stanley Smith Barney Capital Markets is a global leader in Fixed Income products, providing individuals, corporations, and governments around the world with a wide range of services.

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 GWM Financial Advisors. Ensure best execution, liaising with internal Morgan Stanley traders and outside counterparties.
# Timely and accurate execution of GWM fixed income trades, including, but not limited to, Investment Grade Corporates, Preferreds, Convertibles, and High Yield.
# Daily management of risk with full accountability for both risk and P&L within personal book.
# Ability to hedge risk using treasuries and swaps.
# 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 Required:

# 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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