Sales Assistant – Taxable Fixed Income

Chicago, IL - USA

Monthly Salary: $ 60000 - 80000

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Sales Assistant Taxable Fixed Income
Location: Chicago Illinois
Full/Part-Time: Full-Time

FLSA Status: Exempt
Equal Employment Opportunity Employer

Salary Range: $60000 - $80000

Loop Capital is a full-service investment bank brokerage and advisory firm that provides creative capital solutions for corporate governmental and institutional entities across the globe. Our reputation for integrity and service - coupled with our track record of success - has allowed us to serve an expanding number of clients from coast to coast. We continue to grow because clients continue to ask us to do more for them and our uncompromising commitment to excellence means that clients get superior focused service across our entire platform.

Position Summary:

The objective of this entry level position is to ensure the efficient operation of the sales desk by interfacing with senior sales trading and staff Street counterparties/contacts and the firms institutional client base. This is a step level training role designed as preparation for a full-time taxable sales position with the required selling proficiencies and responsibilities. The expectation is that the incumbent will build a working knowledge of all fixed income products.

Essential Duties and Responsibilities:

Assist sales team with disseminating daily trading runs to investing clients.
Provide immediate and/or backup coverage on incoming and outgoing phone calls. Ensure that internal sales colleagues and external client inquiries are handled in a timely manner.
Monitor market information from Bloomberg and MarketAxess and other sources to ensure it is disseminated as needed to trading and sales team members.
Gather organize and communicate inquiries from sales team and assist in sourcing bonds from portfolios of investing clients and portfolio management counterparties.
Assist with generating opportunities for revenue growth.
Provide assistance/back up coverage when the sales team is out the office; monitoring sales inquiries and situations.
Proficiency with the timely inputting and execution of sales tickets in accordance with all FINRA regulations and requirements.
Work with internal and client back office/trade settlement areas to address any issues related to the timely settlement of all taxable fixed income trades.
Maintain a working knowledge of macro-economic news and trends.

Required Licenses and Registrations

FINRA certification SIE Series 7 are required within 90 days of hire and Series 63 is required within nine months of hire.
Current SIE certification is preferred.

Qualifications:

Bachelors degree is required. Bachelors degree in Business Finance Economics Accounting Math or Engineering is strongly desired. Work experience/internship in a financial services or investment banking firm is desired but not required.
Strong communication skills (verbal written effective speaker and active listening)
Ethical; having integrity
Displays assertive and entrepreneurial behaviors
Self-starter highly motivated and works well under pressure
Basic market and sales acumen
Client service and relationship building skills
Organizational planning and time management skills
Excellent mathematical and quantitative skills
Excellent problem solving detailed and results oriented skills
Ability to continuously upgrade skills; willingness to be trained and mentored by senior associates
Ability to read understand and use economic and analyst research
Capacity to collaborate and work in a team-oriented environment
Proficiency with Microsoft Office Suite (Word Excel PowerPoint etc.)
Willingness to travel

Sales Assistant Taxable Fixed IncomeLocation: Chicago IllinoisFull/Part-Time: Full-TimeFLSA Status: ExemptEqual Employment Opportunity EmployerSalary Range: $60000 - $80000Loop Capital is a full-service investment bank brokerage and advisory firm that provides creative capital solutions for corpora...