Fixed Income Municipal Trader

New York, New York


Employer: Morgan Stanley
Industry: Wealth Management
Salary: $100000 - $180000 per year
Job type: Full-Time

Overview:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Morgan Stanley and Company (MSCO) is an institutional market maker covering insurance companies, asset managers, mutual funds, hedge funds and banks, in addition to one of the largest clients in the market, Morgan Stanley Wealth Management.

Morgan Stanley Wealth Management (MSWM), a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses, and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement, and trust. Our MSWM Capital Markets Team provides individuals, corporations, and governments around the world with a wide range of products and services. Our scope extends across multiple asset classes, providing differentiated, commercial content and first-class service.

Position Description:

Fixed Income professionals trade municipal securities for MSWM clients and interact with Financial Advisors to structure and execute transactions in a constantly changing market.

Primary Responsibilities:

  • Facilitating municipal fixed income transactions for MSWM Financial Advisors.
  • Executing client buy and sell orders while adhering to best execution standards, internal policies, and regulatory obligations.
  • Demonstrate the ability to engage Financial Advisors with market commentary and implement relative value trade ideas based on current market conditions
  • Partnering with the sales team to provide advice and recommendations based on clients' needs and risk tolerance.


Qualifications:

Qualifications:

  • 1 to 5 years of experience in Municipal Fixed Income Sales or Trading
  • Ability to identify investment opportunities and analyze client portfolios
  • Licenses: Series 7, 66 (63 & 65)
  • Candidate must have a strong understanding of Fixed Income Capital Markets and possess excellent written and oral communication skills.
  • A fast-paced and intense environment requires an aptitude for analyzing and interpreting complex information in a timely manner
  • Current on trading trends, methodologies, and platforms


Expected base pay rates for the role will be between $100,000 and $180,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Created: 2024-07-02
Reference: 3255057
Country: United States
State: New York
City: New York
ZIP: 10036