Truist Financial

Public Finance Trading Director

Truist Financial$300K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • BA/BS degree required
  • 12 years of related work experience
  • Advanced knowledge of Public Finance industry and products
  • Proven track record in revenue generation
  • Extensive experience in risk management
  • Strong analytical and problem-solving skills
  • Excellent interpersonal and communication skills

Responsibilities

  • Manage public finance trading book with diverse sectors
  • Establish inventory positions for market liquidity
  • Analyze credit market opportunities independently
  • Develop strong client relationships
  • Collaborate closely with the sales and origination teams
  • Generate and execute trading ideas
  • Lead transaction execution and issue resolution

Benefits

  • Medical, dental, and vision insurance
  • 401k plan with employer contributions
  • Paid vacation and sick leave
  • Paid holidays
  • Access to a defined benefit pension plan
  • Eligibility for stock options and deferred compensation plans
Full Job Description

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Public Finance Trading desk makes a secondary market in, and stands ready to purchase and sell, municipal bonds for Truist Securities fixed income investor clients and support our bond origination and syndication business.

ESSENTIAL DUTIES AND RESPONSIBILITIES 
Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time.  

1.    In connection with market making, Truist is typically required to maintain an inventory of positions (both long and short), and to establish positions to facilitate liquidity on behalf of our clients. 
2.    Responsible for managing individual public finance trading book with multiple sectors including but not limited to risk management, trade execution, trade analysis, sector analysis, idea generation, and hedging.
3.    Accountable for P&L generation and maintaining market share in assigned sectors 
4.    Active communication and dialog with Sales team to define views and trading strategy within the respective sectors
5.    Independently analyze and evaluate credit market and security specific opportunities.
6.    Develop and maintain client relationships across the Credit account base. 
7.    Work closely with Public finance Origination banking teams to successfully originate and distribute Truist Left Lead deals and support Co Managed deals

Level-specific duties:

1. Expert skills in managing desk capital to execute firm and customer trades in accordance with desk risk parameters. 
2. Responsible for managing individual credit trading book with multiple sectors including but not limited to risk management, trade execution, pre/post trade analysis, sector analysis, idea generation, hedging, and attributable P&L.
3. Practiced professional in Public Finance and has extensive experience demonstrating the ability to independently manage risk (position management/hedging/risk assessment/macro analysis).
4. Strong analytical, written, and oral communication skills.
5. Partners closely with research, banking professionals, product specialists, clients and other internal/external constituencies to help drive the business growth.
6. Applies expert risk management skills and sets the standard for risk management practices for Public Finance Trading in accordance with risk and regulatory limits outlined in the Public Finance Trader Mandate.
7. Provides efficient, effective and differentiated execution for clients, fellow teammates and stakeholders.
8. Upholds the values of Trustworthiness, Caring, One Team, Success and Happiness to shape desk culture. 
9. Maintains extensive and deep current Public Finance client relationships, a track record of success in the areas of new client relationship development, and advancement of existing client relationships to drive future business growth is expected. 
10. Leads support work, business development and/or product/client relationship management when needed. 
11. Assists in the generation of ideas and strategies for new business opportunities.

12. Leads all aspects of transaction execution, including organizing teams and handling engagement with internal and external constituencies, and managing resolution of complex client transaction issues. 
13. Builds cross-functional relationships within the investment bank and leverages these relationships to aid in communication and desk/firm
14. Assists in training, mentoring, and directing the work of junior teammates

 

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1.    BA/BS degree
2.    12 years of related work experience
3.    Advanced knowledge of  Public Finance industry, market, and products
4.    Proven track record in revenue generation and entrepreneurial nature
5.    Extensive track record of prudent risk management
6.    Advanced analytical and technical skills combined with a problem solving attitude
7.    Excellent interpersonal style, good listening skills and the ability to communicate highly complex ideas clearly and concisely
8.    Strong partnering and leadership skills in a complex, matrixed environment

 

Preferred Qualifications:
1.    CFA and/or MBA degree, with a Finance focus
2.    10 years of related work experience
3.    Experience in mentoring and coaching
4.    Technology / Coding experience (Python, R, VBA, ect.)

5      Licensing 7, 63  (53 helpful)

The annual base salary for this position is $300,000.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

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Learn more about Truist Financial
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50,283 employees
Market Cap
$56.6 billion
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