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Associate Level -- Tax Exempt Fixed Income TRADER/VOICE BROKER
| Details |
Country: USA
Location: New York-New York City New York, NY 10022
Total applied: 37 Salary/Wage:Salary+Bonus
Job Category:Financial Services
Relevant Work Experience:1+ to 2 Years
Education Level:Bachelor's Degree
Location:New York, NY 10022
Status:Full Time, Employee
Career Level:Entry Level
Relevant Work Experience:1+ to 2 Years
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Associate Level -- Tax Exempt Fixed Income TRADER/VOICE BROKER
TheMuniCenter (TMC) is a leading fixed income Alternative Trading System for Round-Lot (> $1 million) and Odd-Lot trading based in mid-town Manhattan. Our platform supports over 900 buy/sell-side client-firms nationwide. Our desktop applications are used on over 75,000 screens serving Registered Reps, Independent RIAs, Asset Management firms, Arbs/Hedge Funds, and Trading Departments. We also enable the largest discount brokers for their online investors.
TMC is owned by 4 of the largest Wall Street fixed income dealers including Citi, Lehman, Merrill Lynch, and Morgan Stanley.
As an electronic "exchange", TMC specializes in riskless principal secondary trading of Tax-Exempts (Municipal Bonds) and Taxables (Agencies, Corporates, MBS, Treasuries) as well as certain primary markets (Agencies, CDs, MTNs, and Structured Products). The TMC trading site is a live, anonymous, and two-sided (Bid/Offer) marketplace where it serves as the counterparty on both sides of the trade.
TMC employs a "hybrid" model whereby Voice Brokers (aka Traders) complement our electronic marketplace to meet clients' needs.
TMC is looking for an Associate (i.e., Junior Level) Voice Broker to join our Tax-Exempt (i.e., Municipal Bond) Voice Brokerage Desk. The position involves assisting clients with Bids Wanted, trade facilitation, portfolio matching, and providing market commentary and flavor. This is NOT position/proprietary trading.
Minimum requirements for the Associate Trader position include:
1.) 4-year college degree from an accredited university
2.) 1 year of industry experience (i.e., fixed income exposure would be a plus; any inter-dealer or institutional buy-side customer experience will receive special consideration)
3.) Active FINRA Series 7 license--must be licensed
4.) Excellent computer skills (e.g., Excel, Power Point) and the acumen to learn our trading applications QUICKLY!
5.) Outstanding communication abilities--both oral and written; a great phone skills are essential.
The ideal candidate will thrive in our fast paced collegial environment given a solid background and good inter-personal skills.
TMC is an equal opportunity employer. Compensation for the above position includes a competitive base salary, annual bonus, and 401k match. TMC also has an excellent benefits package which includes Medical/Dental, LT Disability, Life Insurance, etc. All candidates must have work authorization in the U.S. (citizen or permanent resident); we do not sponsor H1 (or other) visas.
Successful candidates will need to pass a credentials check, background investigation, and drug screening test. For more information on TMC, please visit our web site at http://www.themunicenter.com.
Please reply to jobs@themunicenter.com -- include a resume and cover letter.
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