Senior Advisory Fixed Income Trader
Top Benefits
About the role
Job Description
What is the opportunity?
The Senior Advisory Fixed Income Trader is a professional who seeks best execution in the trading of Fixed Income products for Financial Advisors (FA) who transact in fee-based accounts. This trader would join a proactive team who, through education and idea generation, drive productivity and deliver excellence in pricing, product and service to our FAs with focus on their clients’ best interest.
What will you do?
- Execute fixed income trades with focus on best execution on every trade, making every dollar count.
- Facilitate agency trades in a timely manner.
- Provide price guidance and point out security specific issues that FA should be aware of before executing (e.g. de minimis, calls/puts/sinkers, etc.)
- Develop and maintain intimate awareness of market and relative value in sectors in order to assess appropriateness of pricing.
- Identify replacement ideas if pricing is off market or bonds trade away.
- Proactively provide FAs with sector specific offerings, ladders, swaps, and other actionable ideas.
- Respond quickly and precisely to inquiry from individual FAs with specific offerings or broader portfolio reviews.
- Share ideas and work collaboratively with Strategies, Business Development, and position trading desks to assure cohesiveness of message and keep all desks on the same page.
- Leverage street contacts to maximize opportunity and identify value.
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
- 5+ years in Fixed Income and Trading experience
- Demonstrated knowledge of fixed income markets, economics, marketing strategies, municipal sector, and other fixed income instruments
- Proficient with Bloomberg and other investment software packages
- Series 7 & 66 or 63 licenses, or ability to acquire within 90 days
Nice-to-have
- 10+ years of trading experience
- Prior experience in structured investment and mortgage products
- 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
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.
Senior Advisory Fixed Income Trader
Top Benefits
About the role
Job Description
What is the opportunity?
The Senior Advisory Fixed Income Trader is a professional who seeks best execution in the trading of Fixed Income products for Financial Advisors (FA) who transact in fee-based accounts. This trader would join a proactive team who, through education and idea generation, drive productivity and deliver excellence in pricing, product and service to our FAs with focus on their clients’ best interest.
What will you do?
- Execute fixed income trades with focus on best execution on every trade, making every dollar count.
- Facilitate agency trades in a timely manner.
- Provide price guidance and point out security specific issues that FA should be aware of before executing (e.g. de minimis, calls/puts/sinkers, etc.)
- Develop and maintain intimate awareness of market and relative value in sectors in order to assess appropriateness of pricing.
- Identify replacement ideas if pricing is off market or bonds trade away.
- Proactively provide FAs with sector specific offerings, ladders, swaps, and other actionable ideas.
- Respond quickly and precisely to inquiry from individual FAs with specific offerings or broader portfolio reviews.
- Share ideas and work collaboratively with Strategies, Business Development, and position trading desks to assure cohesiveness of message and keep all desks on the same page.
- Leverage street contacts to maximize opportunity and identify value.
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
- 5+ years in Fixed Income and Trading experience
- Demonstrated knowledge of fixed income markets, economics, marketing strategies, municipal sector, and other fixed income instruments
- Proficient with Bloomberg and other investment software packages
- Series 7 & 66 or 63 licenses, or ability to acquire within 90 days
Nice-to-have
- 10+ years of trading experience
- Prior experience in structured investment and mortgage products
- 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
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.