Municipal Bonds Trader

Stifel•Morristown, NJ

1d•Onsite

About The Position

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

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

Responsibilities

Respond to retail sales inquiries and research questions and resolve problems promptly and efficiently.
Responsible for determining bond values and providing information for bidding retail customer bids wanted lists.
Responsible for managing customer municipal bond evaluation requests, including determining offering price, appropriate sales credits on bonds within their inventory, and determining whether or not to bid based on the correct market price for bonds.
Responsible for posting 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.