Trader, Mortgage

Job Description

What is the opportunity?

Mortgage-Backed Securities (MBS) Trader is a professional who seeks best value and execution in trading MBS securities for our Financial Advisors (FA's) in an environment built on teamwork, service, responsibility, 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 MBS trades 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.
• Analysis: Use tools such as Bloomberg to analyze the various structures and bonds available to provide best options for FA and client goals
• 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 and 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.

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 package, Microsoft Word, Excel and PowerPoint
• Series 7 & 63 licenses, or ability to acquire within 90 days
• Ability to perform varied tasks from multiple sources in a fast-paced, rapidly changing environment.
• Ability to quickly assess situations, react to market/economic conditions and offer
  creative solutions and opportunities.

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 $65,000 - $115,000, 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, Communication, Confidentiality, Customer Service, Detail-Oriented, Financial Markets, Fixed Income Investments, Investment Banking, Investment Banking Analysis, Mortgage-Backed Securities (MBS), Relationship Building, Securities Laws, Standard Operating Procedure (SOP), Team Player, Trade Client Reporting, Trade Processing, Trading Desks

Additional Job Details

Address:

250 NICOLLET MALL:MINNEAPOLIS

City:

Minneapolis

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-09-08

Application Deadline:

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

I nclusion 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.