Job Summary

Job Description

What is the opportunity?

The Junior/Municipal Bond Trader is a professional who seeks best execution in trading tax-exempt municipal bonds for Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, diversity, and integrity. This Trader would join a proactive team who through education and idea generation, drive productivity and deliver excellence in products and service to our Financial Advisors with focus on their client’s best interest.

What will you do?

Trading and Execution: Execute tax-exempt municipal bonds (both syndicate and secondary) focusing on best execution while making every dollar count. Evaluates 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. 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 experienceDemonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments or willingness to learnProficient with Bloomberg and other investment software packageStrong knowledge of Microsoft Word, Excel and Power Point.Series 7 & 63 licenses or acquire within 90 daysAbility to work in a fast paced environmentAbility 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.

Nice-to-have

2+ years in Fixed Income environment and exposure to trading activityPrior experience in trading processes and proceduresProficiency 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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamFlexible work/life balance optionsOpportunities to do challenging workOpportunities 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 $55,000 - $94,000 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, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Trade Processing

Additional Job Details

Address:

200 PARK AVENUE:FLORHAM PARK

City:

Florham Park

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-02

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.
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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 jobs.rbc.com.