Senior Trader - Fixed Income Services
About The Position
What is the opportunity? The Clearing & Custody Fixed Income Trader is a professional who seeks the best execution trading bonds for Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, and integrity. This Trader would join a proactive team of risk traders who through execution and idea generation, drive productivity and deliver excellence to Clearing & Custody Financial Advisors. What will you do? Trading and Execution: This Balance sheet trader will execute trades focusing on best execution while making every dollar count. Evaluate real time 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 across multiple asset classes. 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. They will also build relationships with the Clearing & Custody (C&C) retail network by maintaining a high level of service. Business Development & Recruiting: Must be a team player willing to proactively pursue new trading relationships with C&C Firms and FA’s. Regulatory: Remain aware of changing compliance standards. Maintain proper and accurate records and ensure that all trades comply with regulations and policies.
Requirements
- 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.
- Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments or willingness to learn.
- Proficient with Bloomberg, Microsoft Word, Excel and PowerPoint.
- Ability to work and meet critical deadlines in a fast-paced environment and perform tasks from multiple sources.
- Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities while working under pressure.
Nice To Haves
- Series 7, 66, & 52 licenses, or ability acquire within 90 days
- 3+ years in the Fixed Income environment and exposure to trading activity.
- Prior experience with principal trading and RBC specific trading systems & processes.
- Proficiency with the Tradeweb platform.
Responsibilities
- Trading and Execution
- Idea Generation
- Business Development & Recruiting
- Regulatory
Benefits
- 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, growing, collaborative, and high-performing team
- Opportunities to do a wide variety of challenging work
- Opportunities to take on progressively greater accountabilities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
5,001-10,000 employees
