Junior Advisory Fixed Income Trader

What is the opportunity?

The Advisory Fixed Income Trader is a professional who seeks best execution in the trading of Fixed Income products for Financial Advisors who transact in fee-based accounts. This trader would join a proactive team who, through education and idea generation, drive productivity and deliver excellence in pricing, product and service to our FA’s with focus on their clients’ best interest.

What will you do?

Trading and execution:

• Execute fixed income trades with focus on best execution on every trade, making every dollar count.
• Facilitate trades in an agency capacity in a timely manner.
• Provide price guidance and point out security specific issues that FA should be aware of before executing (i.e. de minimis, calls/puts/sinkers, etc.)
• Develop and maintain intimate awareness of market and relative value in sectors in order to assess appropriateness of pricing.
• Create and build relationships in the street in order to source quality product at attractive prices, secure appropriate bid levels, and provide an active market for all fixed income products.

Idea Generation:

• Identify replacement ideas if pricing is off market or bonds trade away.
• Proactively provide FAs with sector specific offerings, ladders, swaps, and other actionable ideas.
• Respond quickly and precisely to inquiry from individual FAs with specific offerings or broader portfolio reviews.
• Build relationships with the retail network by maintaining a high level of service.
• At all times be fully conversant and knowledgeable of market conditions both general and sector specific.
• Nimbly keep abreast of industry changes.

Regulatory:

• Remain aware of changing compliance standards.
• Retain appropriate records and adhere to all compliance reviews and requirements.

Collaboration:

• Work closely with fellow traders to cover sector and communicate ideas to our retail network.
• Share ideas and work collaboratively with Strategies, Business Development, and position trading desks to assure cohesiveness of message and keep all desks on the same page.
• Leverage street contacts to maximize opportunity and identify value.
• Primary focus of the merchandising effort will be directed toward meeting the various product demands of the fee based retail distribution network.

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 experience

• Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments or willingness to learn
• Proficient with Bloomberg and other investment software packages
• Series 7 & 63 licenses or acquire within 90 days
• Ability to work in the U.S. without sponsorship

Nice-to-have

• 2+ years in Fixed Income environment and exposure to trading activity
• Prior experience in trading processes and procedures
• Proficiency 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 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

The good-faith expected salary range for the above position is $50,000 - $85,000, 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

250 NICOLLET MALL:MINNEAPOLISMinneapolisUnited States of America40Full timeWEALTH MANAGEMENTRegularSalaried2025-09-16

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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.