Royal Bank of Canada-posted 9 days ago
$50,000 - $85,000/Yr
Full-time • Entry Level
Annapolis, MD
5,001-10,000 employees

As a Municipal Bond Trader for RBC Wealth Management, one of the nation's largest full-service investment firms, you will be reasonable for trading (buying/selling) municipal bonds within assigned limits and generate sales commission and trading revenue. You will be responsible for marketing municipal bonds to the retail branch network by disseminating product and market information, and by following-up on the merchandising of available securities. Trader will educate the sales force through electronic and telephonic communication as well as branch office visits and training Financial Advisors' (FA's) on the products and; generating sales ideas. The Municipal Trader will provide fixed income services to Financial Advisors, with a focus on our client’s best interest. What will you do? Trading and Execution: Responsible for bidding and purchasing municipal securities for inventory positions, creating sales credit and trading revenues, and managing associated risk of those positions. Evaluate information related to financial markets and quickly and accurately assess 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 standard s. Maintains proper and accurate records and ensures that all trades comply with regulations and policies.

  • Trading and Execution: Responsible for bidding and purchasing municipal securities for inventory positions, creating sales credit and trading revenues, and managing associated risk of those positions.
  • Evaluate information related to financial markets and quickly and accurately assess 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 standard s.
  • Maintains proper and accurate records and ensures that all trades comply with regulations and policies.
  • 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
  • 2-5 years of experience working on a fixed income trading desk or marketing products and ideas to financial advisors
  • Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments
  • Proficient with Bloomberg and other investment software package
  • Ability to work in a fast paced environment
  • Ability 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.
  • Proficiency with Tradeweb and other ECN is a plus
  • Series 7 & 63 licenses - or willingness to obtain
  • 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
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