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Experienced Municipal Bond Trader in Baltimore, MD at M&T Bank

Date Posted: 11/9/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Baltimore, MD
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/9/2018
  • Job ID:
    3DLA4

Job Description

Title: Experienced Municipal Bond Trader
Location: Baltimore, MD
Basic Function:
The Municipal Bond Trader works with the sales force to determine appropriate products and solutions for clients and sources the solutions with opportunities from the buy side and the street.  The incumbent works under general supervision of the Department Manager. The M&T Securities Fixed Income Senior trader makes markets and executes trades on a variety of securities, primarily municipals, in support of the institutional, corporate and retail financial advisor sales forces.   Incumbent must be capable of transacting other security types such as Treasuries, Agencies, Corporates, MBS, etc.
Essential Position Responsibilities:
Conduct fixed income securities transactions consistent with regulatory framework and client needs.
Stay current on relevant market conditions and trends concerning fixed income securities markets in order to provide high quality trade executions and communicate with management.
Maintain good working relationships with sales force and various securities dealers.
Interact with Senior Management, maintain and implement regulatory requirements, accept
supervisory responsibilities, and manage strategic initiatives.
Maintain up to date knowledge of related regulations (FINRA, MSRB, SEC).
Manage inventory of securities taking responsibility for P&L.
Interact with internal underwriting and public finance groups to provide market insight
Nature and Scope:
Manage Risk through Inventory Management – Candidate must possess the skill set necessary to minimize risk while balancing the need to own bonds for resale, make markets and generate P&L.
Position is critical for the firm to provide appropriate products for the sales force of institutional, corporate and retail brokers.
Incumbent will have constant contact with sales personnel and the street in order to receive investment, economic and financial data and information.
Incumbent is expected to develop internal Bank relationships and external business contacts.
Supervisory Responsibility:
Provides direct supervision of other traders as requested by Department management.
Minimum Qualifications Required:
Bachelor’s degree or equivalent in work experience.
Minimum 5 to 7 years relevant experience.
Series 7, 53 and 63 required.  Series 24 should be achieved within 12 months of hire.
Technical Skills:
General knowledge of personal computers and software utilized by department.
Working knowledge of Bloomberg terminal required, including- Bloomberg Trade Order Management System (TOMS)
Keep current on trading trends and methodologies. Work to keep in the forefront of electronic trading and new methodologies for managing liquidity
Good understanding of hedging Fixed Income securities
Ideal Qualifications Preferred:
Excellent verbal and written communication skills.
Knowledge of financial, economic and market conditions. The Institutional client base includes Tier 1-3 firms which are defined as Mutual Funds, Insurance Companies Registered Investment Advisors, Hedge Funds, Bank Trust Companies & Portfolios. The Corporate client base consists of relationships of the commercial bank and other internal groups.
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M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.