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    Fixed Income Trading Associate - Toronto, Canada - Royal Bank of Canada>

    Royal Bank of Canada background
    Description

    Job Summary

    Job Description

    What is the opportunity?

    This role exists to provide competitive execution of fixed income trades and related support for RBC DS Investment Advisors. A successful fixed income trading associate will be respected for both trade execution skills and the ability to offer sound opinions and insights.

    Execution includes: maintaining knowledge of the firm's inventories, market prices, and managing relationships with RBC CM traders. Support includes: product knowledge and education, advice pertaining to security selection, fixed income strategy, and proactive service where possible.

    This role supports a fixed income asset base of approximately $100 billion, covering millions of transactions per year totaling about $150 billion in a wide range of domestic, US and international fixed income securities.

    What will you do?

    • Accept inbound calls and provide fast and efficient trade execution for the entire suite of Fixed Income products available at RBC.
    • Negotiate with RBC Capital Markets (RBC CM) traders and other counterparties on the client's behalf, utilizing knowledge of the products, current markets, and trader's inventories to secure product and pricing that is favourable to the client.
    • Assist Investment Advisors (IAs) in selecting the most appropriate security for a given strategy, and provide the IA with the necessary information to accurately explain the product or opportunity to their client.
    • Oversight of product groups as assigned (eg. Corporate Bonds, F/X, GICs, Structured Notes), with responsibility for the robustness of product offerings, and quality of marketing and educational materials.
    • Responsible for Foreign Exchange Trading activities. A strong understanding of Currency markets is required. Must be able to comprehend the dynamics of Currency trading and be able to discuss market outlook/strategy with Advisors.
    • Generate quality and timely trade ideas and product highlights within the suite of Advisor-oriented publications (morning note, mid day note, direct email, conference calls, etc.)
    • Collaborate with RBC CM and US Wealth Management, utilizing their capabilities to maximize our product offering and improve pricing to clients.
    • Follow policies and procedures in order to contain costs and minimize risk to the firm or the possibility of errors.

    What do you need to succeed?

    Must Have

    • Canadian Securities Course (CSC) & Conduct and Practices Handbook Course (CPH)
    • Securities Trading experience required and strong understanding of the dynamics of a trading environment and the "Over the Counter" (OTC) fixed income market.
    • Previous experience working with IAs or in a retail client setting preferred.
    • Excellent writing and speaking skills.
    • Excellent interpersonal skills, with particular aptitude in the art of negotiation and communication.
    • Strong sense of judgement in balancing interests of IAs, clients, and RBC CM traders
    • Strong attention to detail and high level of diligence.
    • Proven and strong client service ethic.

    Nice to Have

    • Fixed Income and/or Currency Trading experience considered an asset.
    • French & English considered an asset.

    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
    • A world-class training program in financial service

    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:

    ROYAL BANK PLAZA, 200 BAY ST:TORONTO

    City:

    TORONTO

    Country:

    Canada

    Work hours/week:

    37.5

    Employment Type:

    Full time

    Platform:

    Wealth Management

    Job Type:

    Regular

    Pay Type:

    Salaried

    Posted Date:

    Application Deadline:

    Inclusion 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.

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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


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