Municipal Bond Trader

Valeo Financial Advisors•Carmel, IN

4d•Onsite

About The Position

Valeo Financial Advisors is seeking a Municipal Bond Trader to execute municipal bond transactions for client portfolios. This role is part of Valeo's centralized investment team, supporting over 100 financial advisors. The position is based in Carmel, Indiana, and requires close collaboration with Investment Team members across a wide range of client accounts. The trader will execute trades in line with established investment guidelines, uphold fiduciary responsibilities, and ensure best execution. The ideal candidate will possess strong market knowledge, sound judgment, and meticulous attention to detail to achieve favorable client outcomes. Consistent in-person attendance at the Carmel, Indiana headquarters is mandatory.

Requirements

Bachelor's degree required, preferably in finance, economics, accounting, or a related field.
5 years of relevant fixed income experience preferred.
Strong knowledge of fixed income markets, municipal securities, trading practices, and credit research, with the ability to assess risk-adjusted and tax-adjusted relative value opportunities.
Working knowledge of municipal bond structures, including general obligation and revenue bonds, sector-specific credit considerations, rating agency methodologies, and credit enhancement features.
Understanding of municipal bond tax considerations, including taxable-equivalent yield calculations, de minimis rules, and state-specific investment preferences.
Ability to evaluate relative value opportunities across the yield curve, credit quality spectrum, and bond structures, including coupon, call, premium, and discount characteristics.
Experience utilizing fixed income trading and market platforms such as Bloomberg, along with familiarity with trade reporting and market transparency tools.
Strong communication, collaboration, and decision-making skills, with the ability to remain composed and effective in dynamic market environments.
Exceptional attention to detail, organizational skills, and a demonstrated commitment to fiduciary responsibility and best execution practices.

Nice To Haves

CFA charter or progress toward the designation is preferred.

Responsibilities

Executes fixed income transactions in accordance with internal investment team strategy and guidelines.
Ensures fair and equitable treatment and allocation of all trade orders across client accounts.
Maintains an understanding of the factors that drive bond pricing – market environment, supply/demand technicals, rate moves, and economic fundamentals.
Identifies investment opportunities and attractive risk-adjusted, tax-adjusted relative value in the primary and secondary markets.
Identifies concentrations, gaps, and structural flaws in existing client portfolios and identifies trades to address them.
Conducts bond trading, including sales across multiple execution venues; maintains daily broker/dealer contact to source inventory and price liquidity.
Documents execution decisions to support best-execution review and compliance requirements.
Works closely with investment operations and analysts to invest efficiently, monitor holdings, and improve risk management.
Serves as a resource to Senior Investment Directors and advisors on the municipal market and specific securities.
Maintains orderly receipt, tracking, and execution of bond orders.