Trader II - Equities

Edward Jones
Saint Louis, MO Full Time
POSTED ON 1/18/2023 CLOSED ON 5/28/2023

Job Posting for Trader II - Equities at Edward Jones

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.
• Timely and accurately manage the firm's client retail order flow on individually traded securities (Stocks/ETFs/Bonds/CDs) in both principal and agency capacities up to specified order and aggregate limits (moderate levels)
• Manage individually traded securities (Stocks/ETFs/Bonds/CDs) 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
• Advanced 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
• Advanced ability to identify and source liquidity for individual securities (Stocks/ETFs/Bonds/CDs) across a spectrum of liquidity profiles and market conditions
•Advanced 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
• Advanced ability to perform all daily trading-related responsibilities, including pricing evaluation, relative value, key ratios, and more
• Advanced demonstration of market structure, capital markets analytics, economic variables, and trading strategies
• Advanced 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
• Advanced application of 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
• Provide general training and guidance to other traders, including product, service, systems, and regulatory insights, on the team

This position is a hybrid role and based out of our St. Louis, MO or Tempe, AZ offices.
This position is a hybrid role and based out of our St. Louis, MO or Tempe, AZ offices.

• B.A./B.S. degree in business, economics, finance, or quantitative related field

• Successful completion of 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)

Problem Solving
• Successful demonstration of Trader I problem solving techniques with an advanced level of authority, complexity, and risk
• Considers new, innovative solutions to address routine and non-routine problems with a multi-faceted approach

Decision Making
• Trading related decisions would be made with limited, exceptions-based oversight, including moderate capital commitments when appropriate
• There is a medium degree of risk based on the potential for moderate financial loss and regulatory implications for the firm/trader
  • 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:
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Salary.com Estimation for Trader II - Equities in Saint Louis, MO
$129,960 to $218,097
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