Trader - Fixed Income Services
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Trader - Fixed Income Services
__Minneapolis, Minnesota, United States of America
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Platform: WEALTH MANAGEMENT
Sub Category: Trading Group
Type: Full time
Application Deadline:
Req ID: R-0000139962
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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 assesses 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
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.
[ __ Back to search results ]( "Back to search results")
__ Previous job Next job __
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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 - Fixed Income Services
Top Benefits
About the role
Skip to main content
-
Life at RBC
-
Life at RBC
Share this Opportunity
Trader - Fixed Income Services
__Minneapolis, Minnesota, United States of America
[ __ Save ](return false) [ __ Unsave ](return false)
Submit Error Email is required Error This value should be a valid email.
Platform: WEALTH MANAGEMENT
Sub Category: Trading Group
Type: Full time
Application Deadline:
Req ID: R-0000139962
[ __ Back to search results ]( "Back to search results")
__ Previous job Next job __
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 assesses 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
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.
[ __ Back to search results ]( "Back to search results")
__ Previous job Next job __
Similar Opportunities
-
Senior Advisory Fixed Income Trader Category __ Customer Service | Client Advice | Sales Location __ Minneapolis, Minnesota, United States of America Job Type __ Full time __
-
Trader, Mortgage Category __ Customer Service | Client Advice | Sales Location __ Minneapolis, Minnesota, United States of America Job Type __ Full time __
-
Structured Investments Trader Category __ Customer Service | Client Advice | Sales Location __ Minneapolis, Minnesota, United States of America Job Type __ Full time __
-
Associate, Investor Services Category __ Customer Service | Client Advice | Sales Job Type __ Full time Job available in 5 locations __
- Cleveland, Ohio, United States of America
- Columbus, Ohio, United States of America
- Chicago, Illinois, United States of America
- Charlotte, North Carolina, United States of America
- Denver, Colorado, United States of America __
-
Registered Investment Associate/Registered Client Associate Category __ Customer Service | Client Advice | Sales Location __ Wayzata, Minnesota, United States of America Job Type __ Full time __
-
Wealth Planning Associate Category __ Customer Service | Client Advice | Sales Location __ Minneapolis, Minnesota, United States of America Job Type __ Full time __
-
Banking & Lending Product Support Specialist Category __ Customer Service | Client Advice | Sales Job Type __ Full time Job available in 2 locations __
- Chicago, Illinois, United States of America
- Minneapolis, Minnesota, United States of America __
-
Client Associate / Registered Client Associate Category __ Customer Service | Client Advice | Sales Location __ Wayzata, Minnesota, United States of America Job Type __ Full time __
-
Client Associate/Registered Client Associate Category __ Customer Service | Client Advice | Sales Location __ Bettendorf, Iowa, United States of America Job Type __ Full time __
Explore More __
See less __ See next __ See even more __
No recommendations found
Get Notified of Similar Opportunities
Sign up for alerts on new similar jobs.
Enter Email address (Required)
Sign up
__
Failure!
Whatever your "What," make it yours. Here. At RBC.
__ Close the popup
Find your next job.
Please navigate the suggestions using the tab key Search for Job title or location __ __ Clear text
__ Search
Career Site Cookie Settings __
Royal Bank of Canada Website, © 1995-2025
- __ RBC careers in Facebook
- __ RBC careers in Instagram
- __ RBC careers in Twitter
- __ RBC careers in You Tube
- __ RBC careers in Linkedin
backToTop __ Top
Legal | Accessibility | Privacy & Security | RBC Job Applicant Privacy Notice | Personal Information | Your Cookie Settings 870635744da441e8b46b53cfd9ca9117
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.