Trader - Fixed Income Services at Royal Bank of Canada Minneapolis, MN
Royal Bank of Canada, Minneapolis, MN, United States
Trader - Fixed Income Services job at Royal Bank of Canada. Minneapolis, MN.
Job Description What is the opportunity? The Clearing & Custody Fixed Income Trader is a professional who seeks the best execution trading bonds for Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, and integrity. This Trader would join a proactive team of risk traders who through execution and idea generation, drive productivity and deliver excellence to Clearing & Custody Financial Advisors.
What will you do?
Trading and Execution:
This Balance sheet trader will execute trades focusing on best execution while making every dollar count. Evaluate real time information related to financial markets and quickly and accurately assess market risk in order to receive the best possible price. Access and manage risk within assigned limits for inventory books across multiple asset classes.
Idea Generation:
Develop and distribute ideas on current market conditions and communicate them in a creative and timely fashion to the FA's. Proactively create actionable ideas for FA's including: portfolio ladders, possible swap opportunities and new money opportunities. They will also build relationships with the Clearing & Custody (C&C) retail network by maintaining a high level of service.
Business Development & Recruiting:
Must be a team player willing to proactively pursue new trading relationships with C&C Firms and FA’s.
Regulatory:
Remain aware of changing compliance standards. Maintain proper and accurate records and ensure that all trades comply with regulations and policies.
What do you need to succeed? Must-have
Bachelor's Degree, or the ability to demonstrate experience or academic achievement in related fields such as Economics, Finance, or Mathematics, or equivalent work experience.
Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments or willingness to learn.
Proficient with Bloomberg, Microsoft Word, Excel and PowerPoint.
Ability to work and meet critical deadlines in a fast-paced environment and perform tasks from multiple sources.
Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities while working under pressure.
Nice-to-have
Series 7, 66, & 52 licenses, or ability acquire within 90 days
3+ years in the Fixed Income environment and exposure to trading activity.
Prior experience with principal trading and RBC specific trading systems & processes.
Proficiency with the Tradeweb platform.
What’s in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, growing, collaborative, and high-performing team
Opportunities to do a wide variety of challenging work
Opportunities to take on progressively greater accountabilities
The good‑faith expected salary range for the above position is $65,000 - $115,000, depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time‑off plan. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
Drives RBC’s high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
Job Skills Bond Trading, Confidentiality, Customer Service, Detail‑Oriented, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Volatility Analysis
Additional Job Details Address: 250 NICOLLET MALL:MINNEAPOLIS
City: Minneapolis
Country: United States of America
Work hours/week: 40
Employment Type: Full time
Platform: WEALTH MANAGEMENT
Job Type: Regular
Pay Type: Salaried
Posted Date: 2025-09-08
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Job Description What is the opportunity? The Clearing & Custody Fixed Income Trader is a professional who seeks the best execution trading bonds for Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, and integrity. This Trader would join a proactive team of risk traders who through execution and idea generation, drive productivity and deliver excellence to Clearing & Custody Financial Advisors.
What will you do?
Trading and Execution:
This Balance sheet trader will execute trades focusing on best execution while making every dollar count. Evaluate real time information related to financial markets and quickly and accurately assess market risk in order to receive the best possible price. Access and manage risk within assigned limits for inventory books across multiple asset classes.
Idea Generation:
Develop and distribute ideas on current market conditions and communicate them in a creative and timely fashion to the FA's. Proactively create actionable ideas for FA's including: portfolio ladders, possible swap opportunities and new money opportunities. They will also build relationships with the Clearing & Custody (C&C) retail network by maintaining a high level of service.
Business Development & Recruiting:
Must be a team player willing to proactively pursue new trading relationships with C&C Firms and FA’s.
Regulatory:
Remain aware of changing compliance standards. Maintain proper and accurate records and ensure that all trades comply with regulations and policies.
What do you need to succeed? Must-have
Bachelor's Degree, or the ability to demonstrate experience or academic achievement in related fields such as Economics, Finance, or Mathematics, or equivalent work experience.
Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments or willingness to learn.
Proficient with Bloomberg, Microsoft Word, Excel and PowerPoint.
Ability to work and meet critical deadlines in a fast-paced environment and perform tasks from multiple sources.
Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities while working under pressure.
Nice-to-have
Series 7, 66, & 52 licenses, or ability acquire within 90 days
3+ years in the Fixed Income environment and exposure to trading activity.
Prior experience with principal trading and RBC specific trading systems & processes.
Proficiency with the Tradeweb platform.
What’s in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, growing, collaborative, and high-performing team
Opportunities to do a wide variety of challenging work
Opportunities to take on progressively greater accountabilities
The good‑faith expected salary range for the above position is $65,000 - $115,000, depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time‑off plan. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
Drives RBC’s high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
Job Skills Bond Trading, Confidentiality, Customer Service, Detail‑Oriented, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Volatility Analysis
Additional Job Details Address: 250 NICOLLET MALL:MINNEAPOLIS
City: Minneapolis
Country: United States of America
Work hours/week: 40
Employment Type: Full time
Platform: WEALTH MANAGEMENT
Job Type: Regular
Pay Type: Salaried
Posted Date: 2025-09-08
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
#J-18808-Ljbffr