Municipal Bonds Trader

About the Role

The Municipal Bonds Trader works closely with the retail sales force and other retail traders to provide routine administrative support and assistance. This position performs duties associated with municipal trading, such as watching messenger, organizing and assisting with customer inquiries, processing transactions, and preparing various communications.

Responsibilities

• Respond to retail sales inquiries and research questions and resolve problems promptly and efficiently.
• Determine bond values and provide information for bidding retail customer bids wanted lists.
• Manage customer municipal bond evaluation requests, including determining offering price, appropriate sales credits on bonds within their inventory, and deciding whether to bid based on the correct market price for bonds.
• Post salespeople on the various trades and post-market data as it becomes available.
• Ensure municipal offerings are accurately posted on the Electronic Communication Network (ECN).
• Monitor market conditions regarding interest rate movements and credit changes and advise retail brokers.
• Generate sales ideas by evaluating municipal offerings from other broker-dealers and selecting the most appropriate to market to the retail sales forces.

Requirements

• Ability to fill retail sales inquiries, bid retail sales' bid wanted lists on ECN (Bondworks), and attend to retail sales' various needs.
• Ability to use logic and reasoning to promptly identify the strengths and weaknesses of alternative solutions, conclusions, or problem approaches.
• Able to consider the relative costs and benefits of potential actions to choose the most appropriate one promptly.
• Able to communicate information and ideas in spoken or written form so that others will understand.
• Able to manage one's own time and priorities to ensure the meeting of deadlines.

Qualifications

• Bachelor's Degree in Finance or related field or equivalent years of experience.
• 1-3 years of financial services industry or related experience.

Licenses & Credentials

• FINRA Series 7 and Series 63 required or obtained within six months of hire.

Skills

• Proficient in Microsoft Excel, Word, PowerPoint, and Outlook.

Benefits

• Discretionary bonuses.
• Health, dental, vision, and prescription insurance offerings.
• Stifel Total Health Connect.
• Flexible spending accounts.
• Tuition & certification assistance programs.
• Paid time off.
• 401k.
• Wellness initiatives.
• Life insurance.

About Stifel

Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success. While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.