First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services.
First Republic specializes in delivering exceptional, relationship-based service and offers a complete line of products, including residential, commercial and personal loans, deposit services, and wealth management.
Incredible teams doing exceptional work, every day
The Fixed Income Group is looking to hire a Fixed Income Trader to join the First Republic Investment Management Fixed Income team.
The role requires executing transactions for separately managed accounts as well as portfolio construction and risk compliance.
This is a junior level role and the candidate will be working directly with other senior traders, fixed income portfolio managers, fixed income credit analysts, as well with Wealth Managers who serve as relationship managers.
We recognize that our competitive advantage starts with our people and our culture.
At First Republic, we work hard and move quickly as a very coordinated team.
If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you.
We have exceptional people focused on providing extraordinary service.
Duties and Responsibilities
What you’ll be doing as a Fixed Income Trader:
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Trade execution of daily municipal and taxable purchase and sale requests including managing bid wanted lists, raising cash for SMAs, internal purchase requests, and portfolio construction.
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Liaison with Client Portfolio Managers, Operations, Wealth Managers and Client Service to resolve issues or requests ensuring that the service level agreements are maintained, and all issues are resolved in an efficient and timely manner.
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Secondary and primary market deal sourcing and competitive bid processes under the direction of the Trader Portfolio Manager to provide support to the overall trading function of the team.
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Serve as product specialist to the various Wealth Manager Teams and assist with request, questions, and client presentations.
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Partner with the PM teams, client service and technology teams to resolve issues and improve scale and efficiency.
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Maintain thorough understanding of municipal and taxable market credits, structures, and yield curves to determine relative value within these fixed income markets.
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Assist in the formulation and implementation of strategic and tactical trade ideas and portfolio positioning
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Support a culture of continuous improvement by defining, documenting, and implementing process improvements.
Qualifications
You could be a great fit if you have:
– Exceptional organizational skills with the ability to multi-task.
– Impeccable communication skills, both written and verbal.
– Knowledge in economics, finance and fixed income securities.
– A strong attention to detail, sound judgment and ability to reason.
– Ability to prioritize and manage multiple responsibilities under pressure.
– Ability to quickly process and analyze large amounts of information.
– Bachelor’s degree, preferably with a focus on finance, accounting, or economics.
CFA preferred.
– At least two years of work experience in trading fixed income markets, with focus on municipal and high-grade corporate markets, preferably for separate accounts.
– Experienced user of Bloomberg and Microsoft Office suite, particularly Excel.
– Experience with SQL, VBA, Perform, Muni Center, Bonddesk, and Citigroup Velocity desirable.
– Series 7 & 66 (or 63/65) required.
Job Demands
– Must be able to review and analyze data reports and manuals; must be computer proficient.
– Must be able to communicate effectively via telephone and in person.
– Travel may be required.
Own your work and your career
– apply now
Are you willing to take initiative and make decisions?
Are you willing to go the extra mile because you love what you do and how you can contribute as a team?
Do you want the freedom to grow and the opportunity to take charge of your own career?
If so, then come join us.
We want hard working team players.
You’ll have the independence to learn, lead and drive change.
A culture of extraordinary service, empowerment and stability—that’s the First Republic way.
Come join us!
This job description is not intended to be all-inclusive.
Employee may perform other related duties as assigned to meet the ongoing needs of the organization.
The Company is an equal opportunity employer.
In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.
First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA.
To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.
We’re always on the lookout for top talent and are adding new jobs every week.
First Republic Bank is committed to a policy of equal employment opportunity for all employees and applicants for employment, without regard to race, color, religion, sex, pregnancy, childbirth, sexual orientation, gender identification, national origin, ancestry, age, marital status, physical or mental disability, medical condition, genetic information, citizenship status, veteran status or any other legally protected category, in accordance with applicable federal, state and local law.
Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender
Investment Advisory services are provided by First Republic Investment Management, Inc.
Trust services are provided by First Republic Trust Company and First Republic Trust Company of Delaware LLC.
Brokerage services are offered through First Republic Securities Company, LLC, Member FINRA / SIPC .
Insurance services are provided through First Republic Securities Company, DBA Grand Eagle Insurance Services, LLC, CA Insurance License # 0I13184, and First Republic Investment Management, DBA Eagle Private Insurance Services, CA Insurance License # 0K93728.
Investment, Insurance and Advisory Products and Services, and Foreign Exchange Transactions, are Not FDIC Insured or Insured by Any Federal Government Agency, Not a Deposit, Not Bank Guaranteed and May Lose Value.