Associate, Fixed Income Trade Support

Royal Bank of Canada•Minneapolis, MN

5d•Hybrid

About The Position

The Associate Trader, under the direction of a licensed trader will assist with billing, trade breaks, and trade allocations in a timely and accurate manner. This role involves working with trade operations to resolve issues regarding the billing, comparison, settlement, inventory, and regulatory reporting compliance of fixed income products.

Requirements

Bachelor’s degree in finance, business, or related field preferred.
1-2 years industry experience.
SIE and Series 99 or Willingness to obtain within 12 months of joining RBC.
5 days in-office job with ability to work 29 days from home/annually.
Proven people skills / known contributor.
Ability to work closely with business owners & producers.
Service oriented / meticulous / solution oriented.
Strong verbal & written communication skills.
Ability to respond to changes in routine or set guidelines without errors or disruptions.
Strong customer service and organizational skills and attention to detail.

Nice To Haves

Proficient use and comprehensive working knowledge of trading and record retention systems such as Tradeweb Direct, FIFE, ICI, Bloomberg, BPS, and PostEdge.
3+ years of industry experience.
Series 7 and 63 or willingness to obtain.
Trading environment experience.

Responsibilities

Under the direction of a licensed trader, coordinate with trading, correspondents, Financial Advisors, money managers and Operations to resolve comparison and settlement issues.
Research issues on the reconcilement and fail reports and correct them in an accurate and timely manner.
Process all compliance driven corrections, resolving and improving if prices are out of trading range.
Monitor Fail reports / aged settlements.
Resolve client trading errors, run error trades, and communicate losses to Financial Advisors.
Work with trade operations to resolve transaction discrepancies between the various trading and back-office systems.
Research and respond to complex questions from operations, branch offices, management, and others.
Serve as a Fixed Income Trade Support subject matter expert on projects.
Participate in the testing and implementation of system and/or process changes.
Reduce risk or increase efficiencies by suggesting process changes and system modifications.
Assist with other projects and activities as assigned by supervisor or manager.
Perform other job-related duties as needed to accomplish all required tasks.
Ensure availability to function as a resource to less experienced department personnel.
Work with operations to ensure Fixed Income Trading adheres to all regulatory reporting requirements (i.e., MSRB, TRACE).

Benefits

bonuses
flexible benefits
competitive compensation
commissions
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