Junior Municipal Trader
Top Benefits
About the role
Job Description
As a Municipal Bond Trader for RBC Wealth Management, one of the nation's largest full-service investment firms, you will be reasonable for trading (buying/selling) municipal bonds within assigned limits and generate sales commission and trading revenue. You will be responsible for marketing municipal bonds to the retail branch network by disseminating product and market information, and by following-up on the merchandising of available securities. Trader will educate the sales force through electronic and telephonic communication as well as branch office visits and training Financial Advisors' (FA's) on the products and; generating sales ideas. The Municipal Trader will provide fixed income services to Financial Advisors, with a focus on our client’s best interest.
What will you do?
- Trading and Execution: Responsible for bidding and purchasing municipal securities for inventory positions, creating sales credit and trading revenues, and managing associated risk of those positions. Evaluate 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. Maintain current departments data base and processes.
- 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. 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
- 2-5 years of experience working on a fixed income trading desk or marketing products and ideas to financial advisors
- Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments
- Proficient with Bloomberg and other investment software package
- Proficiency with Tradeweb and other ECN is a plus
- Series 7 & 63 licenses - or willingness to obtain
- Ability to work in a fast paced environment
- Ability to perform varied tasks from multiple sources.
- Ability to meet critical deadlines in a fast-paced, rapidly changing environment.
- Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities.
- Ability to prioritize while under pressure.
- Good marketing skills.
- Good interpersonal skills; ability to work effectively with a variety of personalities.
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 expected salary range for this particular position is $50,000-$85,000, depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
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, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Trade Processing
Additional Job Details
Address:
1906 TOWNE CENTRE BOULEVARD:ANNAPOLIS
City:
Annapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-11-20
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.
Junior Municipal Trader
Top Benefits
About the role
Job Description
As a Municipal Bond Trader for RBC Wealth Management, one of the nation's largest full-service investment firms, you will be reasonable for trading (buying/selling) municipal bonds within assigned limits and generate sales commission and trading revenue. You will be responsible for marketing municipal bonds to the retail branch network by disseminating product and market information, and by following-up on the merchandising of available securities. Trader will educate the sales force through electronic and telephonic communication as well as branch office visits and training Financial Advisors' (FA's) on the products and; generating sales ideas. The Municipal Trader will provide fixed income services to Financial Advisors, with a focus on our client’s best interest.
What will you do?
- Trading and Execution: Responsible for bidding and purchasing municipal securities for inventory positions, creating sales credit and trading revenues, and managing associated risk of those positions. Evaluate 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. Maintain current departments data base and processes.
- 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. 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
- 2-5 years of experience working on a fixed income trading desk or marketing products and ideas to financial advisors
- Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments
- Proficient with Bloomberg and other investment software package
- Proficiency with Tradeweb and other ECN is a plus
- Series 7 & 63 licenses - or willingness to obtain
- Ability to work in a fast paced environment
- Ability to perform varied tasks from multiple sources.
- Ability to meet critical deadlines in a fast-paced, rapidly changing environment.
- Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities.
- Ability to prioritize while under pressure.
- Good marketing skills.
- Good interpersonal skills; ability to work effectively with a variety of personalities.
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 expected salary range for this particular position is $50,000-$85,000, depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
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, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Trade Processing
Additional Job Details
Address:
1906 TOWNE CENTRE BOULEVARD:ANNAPOLIS
City:
Annapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-11-20
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.