Fixed Income Trader

The purpose of the Fixed Income Trader is to support the trading operations of the Fixed Income Department and to provide service and support to our advisors and their clients on their fixed income needs.

Primary Duties:

General Fixed Income Trading

· Field and refine advisor bond inquiries, seeking opportunities to align with where desk research sees value in the marketplace

· Negotiate list price provided by offering dealer(s) to ensure best execution for the client and the firm

· Leverage all trading relationships and electronic trading platforms to seek best bids for each internal bid wanted or account liquidation list

· Timely and accurate trade review & execution, including Bondcenter

Fixed Income Operations

· Maintain Reg BI awareness and ensure that every trade executed to the best interest of the client first and aligned with firm trading philosophy

· Document the prevailing market price (PMP) and publish to customer confirmations for all riskless principal trades

· Ensure every trade is properly documented; once verified, noting the merit of the trade

· Monitor daily P&L and report any inconsistencies to the Fixed Income Manager

· Reconcile riskless principal inventory throughout day, ensuring zero balance maintained

· Work with Operations and Trade Settlement Department to resolve any unmatched trades and trade discrepancies in a timely manner

Relationship Management

· Build relationships with the client to ensure practice-specific bond needs

· Maintain and develop dealer relationships, including sourcing of bonds for inventory and to secure liquidity providers for clients

· Develop & Market curated customized bond proposals to financial professionals on-demand

Support of Proprietary Bond Inventory

· Reconcile and publish Prospera’s proprietary bond inventory daily to our clients

· Perform due diligence and assist with inventory development

· Maintain accurate inventory balances intraday, support communication across advisor group

Support Portfolio Management Services (Internally Managed Fixed Income Strategies)

· Monitor accounts with excess cash to re-invest and communicate to Fixed Income Manager

· Develop proposals to create illustrations for managed account inquires to support new business opportunities

· Support on-boarding routines for new account inceptions to managed programs

· Enhance awareness of Internally Managed Strategies within the advisor group

Fixed Income Product Education and Training

· Apply our client focused, customer first approach to every trade we review & execute

· Clearly articulate the trading desk’s philosophy and unique credit evaluation process

· Educate and train financial advisors on existing products and services, inclusive of taxable and tax-exempt credits, structured products and firm-sponsored programs

· Train financial professionals on best practices related to trading tools (ex. Bondcenter)

· Educate advisors on how to create effective client-facing reports (ex. SmartStation)

· Seek value added trade ideas and opportunities to share with the advisor group

· Ensure compliance thru continuing education on changes within industry regulations

· Develop expertise in the back-office processes related to fixed income programs

· Various other duties as requested

Supervision: No direct reports

Education and Experience:

· College degree preferred

· 2+ years trading experience, direct fixed income experience preferred

Knowledge/Skills/Certifications:

· Excellent organizational skills and attention to detail; ability to multi-task

· Customer Service focused

· Ability to be strategic and creative.

· Ability to communicate both verbally and in writing in a professional and effective way

· Excellent analytical skills

· Intermediate to advanced ability to use technology including Microsoft Office (Word, Excel, PowerPoint) effectively

· Knowledge of trading tools such as Bloomberg, ICE TMC, preferred

· The ability to maintain confidentiality

· The ability to work independently

Licenses required:

· Series 7,63 & 65 (66), or ability to become fully-licensed within 6 months of employment

Physical Requirements:

· Ability to speak, to hear and to operate business equipment such as computers, printers, etc.

Environmental Requirements:

· Ability to work in New Orleans, LA office

· Ability to travel intermittently