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Fixed Income Trader

Royal Bank of Canada>
Minneapolis, MN Full Time
POSTED ON 4/18/2025
AVAILABLE BEFORE 5/8/2025

Job Summary

Job Description

Fixed Income Trader

What is the opportunity?

As a Fixed Income Trader for RBC Wealth Management your primary responsibility will be to obtain best execution for the firm’s financial advisors (FA’s), in the following three products : Convertible Bonds, Spot FX and Non-USD Corporates. You will be expected to profitably manage the associated inventory and risk arising from servicing financial advisors in this capacity. In addition, you will develop and distribute relevant marketing and sales ideas to the firm’s financial advisor network. The Fixed Income Trader will successfully accomplish these tasks by engaging with financial advisors in a “high-touch” approach while continually focusing on their client’s best interests.

What will you do?

  • Profitably trade Convertible bonds, FX & Non-dollar products from a best-ex standpoint
  • Provide actionable market color / insight to FA’s to facilitate client orders through daily marketing emails and educational materials
  • Develop, maintain and enhance FA relationships through a service orientated mindset
  • Proactively utilize street contacts to maximize best-ex opportunity; expand coverage
  • Leverage RBC’s expansive research platform to aid FA’s in servicing their clients

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 years of Fixed Income experience
  • FINRA Series 7 & 63 licenses or ability to acquire within 90 days
  • Nice to Have

  • 10 years of Fixed Income Trading experience, preferably sell-side
  • Proficiency with Bloomberg, Tradeweb, BondPoint & MarketAxess
  • 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 accountability
  • Access to a variety of job opportunities across business lines
  • 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, Fixed Income Investments, Marketing, Trade Client Reporting, Trade Processing, Wealth Management

    Additional Job Details

    Address :

    250 NICOLLET MALL : MINNEAPOLIS

    City : Minneapolis

    Country :

    United States of America

    Work hours / week : Employment Type :

    Full time

    Platform : WEALTH MANAGEMENT

    Job Type : Regular

    Pay Type : Salaried

    Posted Date : 2025-02-07

    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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

    We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

    Join our Talent Community

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    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 .

    Salary : $65,000 - $115,000

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