Trader II

Edward Jones

10d • Hybrid

About The Position

The Municipal Trading Department at Edward Jones provides Financial Advisors with a broad supply of diversified and fairly priced municipal bonds to meet clients’ needs. The department identifies and analyzes market opportunities, seeks best execution, and develops its trading capabilities.

The Trader II works across execution, analytics, and strategy. The role executes trades and manages inventory while optimizing execution outcomes, contributing to trading strategy development, and enhancing systematic and technology-enabled trading capabilities. The position also supports advisors and branch inquiries, manages risk, develops desk analytics and workflows, and helps build team capabilities through training and guidance.

Candidates living within commuting distance of the Tempe, Arizona, or St. Louis, Missouri, home offices are expected to work in the office four days per week.

Requirements

• Bachelor’s degree in business, economics, finance, or a quantitative-related field.
• At least 3 years of financial services experience; capital markets experience is preferred.
• Demonstrated expertise in capital markets analytics, trading strategies, and risk management techniques.
• Ability to analyze and interpret market data, including yield curves, credit dynamics, and relative value opportunities.
• Experience applying data-driven insights to trading decisions and execution outcomes.
• Proficiency with internal and external trading systems and tools, including Bloomberg and electronic trading platforms.
• SIE, Series 7, Series 52, and Series 66 licenses required, or to be obtained within 6 months depending on licensing windows.

Nice To Haves

• Experience enhancing or working with electronic trading platforms, execution models, or systematic trading workflows.
• Proficiency with analytics tools such as advanced Excel, Power BI, or Tableau.
• Proficiency with SQL, Python, or other programming languages.
• Experience working with large datasets, trade analytics, or execution performance analysis, such as pricing, hit rates, or transaction cost analysis.
• Familiarity with pricing models, valuation frameworks, and risk analytics.
• Demonstrated ability to identify and implement process improvements or automation opportunities in a trading environment.
• Advanced degree or certifications, such as an MBA, CFA, CFP, or CPA, or progress toward them.

Responsibilities

• Ensure inventories align with firm research and portfolio guidance by using new issues, bid wanteds, secondary purchases, and external offerings to identify capital commitment opportunities and manage positions.
• Execute municipal market trades and optimize execution across dealer, electronic, and internal-flow channels.
• Apply capital markets analytics, market data, and relative value analysis to inform trading decisions, identify opportunities, and improve execution outcomes.
• Enhance systematic and electronic trading strategies and execution models to improve efficiency, consistency, and scalability.
• Use internal and external data sources to develop and expand desk analytics.
• Use trading systems and analytical tools to produce data-driven insights, improve workflows, and identify trading-process enhancements.
• Partner with internal teams to improve tools, advance analytics capabilities, and drive continuous process improvement across the desk.
• Manage risk through disciplined evaluation of inventory exposure, liquidity conditions, and market dynamics.
• Respond to branch-related inquiries, provide market insights, and support advisors with timely and accurate execution.
• Train and guide other traders in areas such as pricing, analytics, execution strategy, and inventory management.
• Build and maintain internal and external relationships, including dealer networks, to enhance market access and execution outcomes.

Benefits

• Medical and prescription drug coverage
• Dental insurance
• Vision insurance
• Voluntary benefits, such as accident, hospital indemnity, and critical illness coverage
• Short- and long-term disability coverage at no cost to associates
• Basic life and AD&D coverage at no cost to associates
• 401(k) retirement plan
• Health savings account
• Flexible spending account
• Ten paid holidays
• 15 days of vacation for new associates beginning on January 1 of each year
• Sick time
• Personal days
• Paid day for volunteerism
• Potential bonuses and profit sharing
• Employee Assistance Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level