Municipal Fixed-Income Trader, Principal Desk

Ameriprise Financial Services, LLC; Minneapolis (MN); On-site; USD 82,000 - 112,000; Full time

Job summary

Ameriprise Financial Services, LLC in Minneapolis seeks a licensed fixed-income trader to join a principal trading desk, initially focusing on municipal securities. You own inventory, execute trades within limits, and support senior traders to drive profitability.

You will analyze market data, manage hedges, and convert market developments into actionable trading decisions. Strong fixed-income knowledge and active licenses are required for in-office collaboration and client-driven results.

Qualifications

• Bachelor's degree in Finance, Economics, Business, Accounting, Mathematics, Statistics, or related field.
• Series 7 and Series 63 licenses must be active at hire.
• Experienced fixed-income knowledge and ability to explain why bonds are priced relative to alternatives.
• Strong pricing, relative-value, inventory, hedging, and risk judgment using DV01 and market information.

Responsibilities

• Owns end-to-end execution and resolution of assigned principal fixed-income transactions within established authority, capital, and risk limits.
• Executes in assigned and senior trader inventory books as needed, applying judgment to pricing and execution while escalating unusual or higher-risk matters.
• Owns assigned inventory positioning, bid coverage, pricing analysis, and trade-review deliverables with limited day-to-day direction.
• Evaluates relative value, competitive offerings, supply and demand, market movements, aging, concentration, and DV01 exposure to improve turnover, profitability, and disciplined capital use.
• Applies market, liquidity, credit, concentration, operational, and inventory-risk controls to positions for which the role commits firm capital.
• Owns analysis of advisor behavior, order flow, inventory turnover, and market trends and converts those insights into distribution and inventory actions.

Skills

Fixed-income knowledge

Pricing & hedging

Risk assessment

Independent decision-making

Education

Bachelor's degree in Finance, Economics, Business, Accounting, Mathematics, Statistics, or related field

Series 7 and Series 63 licenses

Job description

Ameriprise Financial Services, LLC in Minneapolis seeks a licensed fixed-income trader to join a principal trading desk, initially focusing on municipal securities. You own inventory, execute trades within limits, and support senior traders to drive profitability.

You will analyze market data, manage hedges, and convert market developments into actionable trading decisions. Strong fixed-income knowledge and active licenses are required for in-office collaboration and client-driven results.