Fixed Income Trader I

At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.

In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.

The Agent Trading Department within Edward Jones is primarily responsible for providing our Financial Advisors with a broad supply of highly diversified and fairly priced corporate, rates, and municipal products that may be used to fulfill the unique needs of every one of our more than 7 million clients. Our goal is to identify and analyze opportunities in the marketplace while always seeking to provide the best execution possible on every trade we handle.

As a Trader I, expectations are that you would have a strong and growing interest in capital markets, proficient risk management skills, and be able to make capital commitments with minimal oversight. An attention to detail is a must as your decisions directly impact our clients, while exposing the firm to significant regulatory, financial, and reputational risk. In addition to the above trading responsibilities, this may be the ideal opportunity for those looking to drive the strategic direction of the Trading desk and help the firm evolve how fixed income solutions are delivered to clients.

Position is not remote eligible, will be hybrid-eligible or based in office in Tempe, AZ or St. Louis, MO

Daily responsibilities include:

  • (Fixed Income) Ensure inventories align with firm research and portfolio guidance and managing corresponding positions with moderate retail-structured trading flows
  • Timely and accurately manage the firm’s client retail order flow on individually traded securities in agency capacities up to specified order and aggregate limits (moderate levels)
  • Manage individually traded securities flows across multiple account types, including Brokerage, Investment Advisory, Trust, and UMA – supporting the development of these programs and their impact on the product line
  • Ability to manage firm trading capital for both individual security transactions and at the portfolio level (example, net positioning, ETF rebalances) up to moderate limits
  • Improve the suite of individually traded securities that are available for purchase, either from firm inventory or the market more broadly, in accordance with firm guidance
  • Ability to identify and source liquidity for individual securities across a spectrum of liquidity profiles and market conditions
  • Ability to deploy risk management techniques in all 3 facets of the role consistent with the scope of responsibility, including trading, systems, and regulatory risks
  • Advanced ability to evaluate and analyze data by applying insights to trading related decisions through coding/reporting tools
  • Ability to perform all daily trading-related responsibilities, including pricing evaluation, relative value, key ratios, and more
  • Demonstrated knowledge of market structure, capital markets analytics, economic variables, and trading strategies
  • Ability to understand, evaluate and appropriately respond to changing market conditions and industry trends
  • Improve best execution (for example, fixed income E/Q equivalent) and compliance with all firm and industry regulatory requirements
  • Ability to utilize internal and external trading systems and related tools, including testing, troubleshooting, and development where appropriate
  • Improve client service excellence delivery, identifying trends and best practices accordingly, in alignment with human centered complete wealth management
  • Improve operational excellence initiatives to scale the quantity and quality of individual security workflows
  • Build the depth & breadth of external networks across dealers and vendors that help source supply, manage liquidity, generate market insights, and more
  • Build the depth and breadth of internal networks across key stakeholders to support trading floor initiatives and align with broader firm efforts

Position is not remote eligible, will be hybrid-eligible or based in office in Tempe, AZ or St. Louis, MO

  • B.A./B.S. degree in business, mathematics, economics, finance, computer science or other quantitative related field
  • Successful completion of Associate Trader 2 or Trader I responsibilities or equivalent industry experience
  • 3+ years of financial service experience required, capital markets preferred
  • CFP, MBA, CFA, CPA or working towards designation(s) preferred
  • Series 7 and 63/66 required; additional desk specific licenses are needed within 6 months (52, 55/57, CSI)
  • 100 Best Workplaces for Millennials in 2022, published Fortune July 2022, Great Places to Work® data as of March 2022. Compensation provided for using, not obtaining, the rating.
    • Edward Jones was recognized as one of the Best Workplaces for Millennials by Great Places to Work® and Fortune® magazine. The privately held firm ranked No. 2 overall, in its fourth appearance on the list.
  • 2022 Fortune Best Workplaces for Women, published September 2022, research by Great Places to Work®, data as of August 2021. Compensation provided for using, not obtaining, the rating.
    • Edward Jones has been named to the 2022 Best Workplaces for Women list by Great Places to Work® and Fortune® magazine, ranking No. 45.
  • 2022 Fortune’s 100 Best Companies to Work For, published April 2022, research by Great Place to Work®, data as of August 2021. Compensation provided for using, not obtaining, the rating.
    • For the 23rd time, Edward Jones has earned a spot on the Fortune 100 Best Companies to Work For® ranking by Great Places to Work® and Fortune® magazine. Edward Jones ranked No. 35 on the prestigious 2022 list.
    • 2022 Best Places to Work For LGBTQ+ Equality, Great Place to Work® in partnership with Human Rights Campaign Foundation, published Equity Magazine January 2022, data as of July 2021. Compensation provided for using, not obtaining, the rating.
      • Edward Jones scored 100 percent on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI) the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The ranking designated Jones as one of the best places to work for LGBTQ+Equality.
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. Visit our career site to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate:

Hiring Minimum: $66,379

Hiring Maximum: $109,459