STIR Trader – Vice President or Director
Top Benefits
About the role
Job Summary
** Job Description**
What is the opportunity?
- Increase revenue by seeking out asymmetric return and arbitrage opportunities across various fixed income and FX products.
- Strengthen platform by offering unique financing solutions to clients
What will you do?
-
Analyze global interest rate and FX markets to seek out and execute upon asymmetric return and arbitrage opportunities
- Bonds, Repo, MM products, interest rate futures, interest rate swaps, asset swaps, invoice spreads, cash-futures basis, RV
- Spot FX, FX swaps
-
Seek out new clients and expand activity with existing clients by leveraging unique financing solutions (e.g. total return swaps, collateral swaps)
-
Effective management of interest rate, FX and liquidity risk
-
Collaborate globally with internal partners to strengthen client relationships
-
Share strategies and market insights with management
-
Expand desk’s analytical and modelling tools
-
Proactively identify operational risks/control deficiencies in the business
-
Review and comply with Firm Policies applicable to your business activities
-
Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis
What you need to succeed?
Required
- Minimum Bachelor’s degree
- Curious and creative self-starter with a proven track record of innovative trade idea generation
- Excellent work ethic and aptitude for risk management
- Strong quantitative, analytical, communication and computer skills
- Excellent understanding of global fixed income and FX swaps markets
- Experience trading FX swaps and treasury cash-futures basis
Preferred
- CAD & USD registered
- CFA and/or Master’s degree are assets
- Expertise in financing markets with a focus on balance sheet and collateral optimization
- Experience quoting term repo, extendible repo, evergreen repo, bond forwards, T-locks and total return swaps
- Strong understanding of regulatory landscape (Basel III) and collateral management themes
Behavioural
- Must have the ability to perform under periods of pressure.
- Good communication skills are essential at various levels of seniority when dealing with internal and external customers as well as other business units.
Technical
- Regulatory understanding of fixed income and FX markets
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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job Skills
Analytical Thinking, Asset Swaps, Client Prospecting, Client Relationship Building, FX Swaps, Interest Rates, Interest Rate Swap, Teamwork, Total Return Swaps
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-05-29
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion** 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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.
STIR Trader – Vice President or Director
Top Benefits
About the role
Job Summary
** Job Description**
What is the opportunity?
- Increase revenue by seeking out asymmetric return and arbitrage opportunities across various fixed income and FX products.
- Strengthen platform by offering unique financing solutions to clients
What will you do?
-
Analyze global interest rate and FX markets to seek out and execute upon asymmetric return and arbitrage opportunities
- Bonds, Repo, MM products, interest rate futures, interest rate swaps, asset swaps, invoice spreads, cash-futures basis, RV
- Spot FX, FX swaps
-
Seek out new clients and expand activity with existing clients by leveraging unique financing solutions (e.g. total return swaps, collateral swaps)
-
Effective management of interest rate, FX and liquidity risk
-
Collaborate globally with internal partners to strengthen client relationships
-
Share strategies and market insights with management
-
Expand desk’s analytical and modelling tools
-
Proactively identify operational risks/control deficiencies in the business
-
Review and comply with Firm Policies applicable to your business activities
-
Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis
What you need to succeed?
Required
- Minimum Bachelor’s degree
- Curious and creative self-starter with a proven track record of innovative trade idea generation
- Excellent work ethic and aptitude for risk management
- Strong quantitative, analytical, communication and computer skills
- Excellent understanding of global fixed income and FX swaps markets
- Experience trading FX swaps and treasury cash-futures basis
Preferred
- CAD & USD registered
- CFA and/or Master’s degree are assets
- Expertise in financing markets with a focus on balance sheet and collateral optimization
- Experience quoting term repo, extendible repo, evergreen repo, bond forwards, T-locks and total return swaps
- Strong understanding of regulatory landscape (Basel III) and collateral management themes
Behavioural
- Must have the ability to perform under periods of pressure.
- Good communication skills are essential at various levels of seniority when dealing with internal and external customers as well as other business units.
Technical
- Regulatory understanding of fixed income and FX markets
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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job Skills
Analytical Thinking, Asset Swaps, Client Prospecting, Client Relationship Building, FX Swaps, Interest Rates, Interest Rate Swap, Teamwork, Total Return Swaps
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-05-29
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion** 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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.