Trader, Mortgage
Top Benefits
About the role
Job Description
What is the opportunity?
Mortgage-Backed Securities (MBS) Trader is a professional who seeks best value and execution in trading MBS securities for our Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, and integrity. This Trader would join a proactive team who through education and idea generation, drive productivity and deliver excellence in products and service to our Financial Advisors with focus on their client’s best interest.
What will you do?
- Trading and Execution: Execute MBS trades focusing on best execution while making every dollar count. Evaluates information related to financial markets and quickly and accurately assesses market risk in order to receive the best possible price. Access and manage risk within assigned limits for inventory books. Maintain current departments data base and processes.
- Analysis: Use tools such as Bloomberg to analyze the various structures and bonds available to provide best options for FA and client goals
- 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 and build relationships with the retail network by maintaining a high level of service.
- Collaboration: Work closely with various trading desks and traders to obtain market insight, develop trade ideas and cross product opportunities. Partner with various departments across RBC along with Business Development and Fixed Income Strategies to deliver a cohesive message on opportunities to FA's. Must be a team player willing to provide back-up for other team members and jump in as business needs arise including special project.
- Regulatory : Remain aware of changing compliance standards. Maintains proper and accurate records and ensures 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 and other investment software package, Microsoft Word, Excel and PowerPoint
-
Series 7 & 63 licenses, or ability to acquire within 90 days
-
Ability to perform varied tasks from multiple sources in a fast-paced, rapidly changing environment.
-
Ability to quickly assess situations, react to market/economic conditions and offer
creative solutions and opportunities.
Nice-to-have
- 2+ years in Fixed Income environment and exposure to trading activity
- Prior experience in trading processes and procedures
- 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, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Access to a variety of job opportunities across business
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, Communication, Confidentiality, Customer Service, Detail- Oriented, Financial Markets, Fixed Income Investments, Investment Banking, Investment Banking Analysis, Mortgage-Backed Securities (MBS), Relationship Building, Securities Laws, Standard Operating Procedure (SOP), Team Player, Trade Client Reporting, Trade Processing, Trading Desks
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
Application Deadline:
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Trader, Mortgage
Top Benefits
About the role
Job Description
What is the opportunity?
Mortgage-Backed Securities (MBS) Trader is a professional who seeks best value and execution in trading MBS securities for our Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, and integrity. This Trader would join a proactive team who through education and idea generation, drive productivity and deliver excellence in products and service to our Financial Advisors with focus on their client’s best interest.
What will you do?
- Trading and Execution: Execute MBS trades focusing on best execution while making every dollar count. Evaluates information related to financial markets and quickly and accurately assesses market risk in order to receive the best possible price. Access and manage risk within assigned limits for inventory books. Maintain current departments data base and processes.
- Analysis: Use tools such as Bloomberg to analyze the various structures and bonds available to provide best options for FA and client goals
- 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 and build relationships with the retail network by maintaining a high level of service.
- Collaboration: Work closely with various trading desks and traders to obtain market insight, develop trade ideas and cross product opportunities. Partner with various departments across RBC along with Business Development and Fixed Income Strategies to deliver a cohesive message on opportunities to FA's. Must be a team player willing to provide back-up for other team members and jump in as business needs arise including special project.
- Regulatory : Remain aware of changing compliance standards. Maintains proper and accurate records and ensures 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 and other investment software package, Microsoft Word, Excel and PowerPoint
-
Series 7 & 63 licenses, or ability to acquire within 90 days
-
Ability to perform varied tasks from multiple sources in a fast-paced, rapidly changing environment.
-
Ability to quickly assess situations, react to market/economic conditions and offer
creative solutions and opportunities.
Nice-to-have
- 2+ years in Fixed Income environment and exposure to trading activity
- Prior experience in trading processes and procedures
- 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, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Access to a variety of job opportunities across business
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, Communication, Confidentiality, Customer Service, Detail- Oriented, Financial Markets, Fixed Income Investments, Investment Banking, Investment Banking Analysis, Mortgage-Backed Securities (MBS), Relationship Building, Securities Laws, Standard Operating Procedure (SOP), Team Player, Trade Client Reporting, Trade Processing, Trading Desks
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
Application Deadline:
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.