Associate, Fixed Income Trade Support

What is the opportunity?

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.

• Coordinate with trading, correspondents, financial advisors, money managers and operations to resolve comparison and settlement issues.
• Research and correct issues on reconcilement and fail reports in an accurate and timely manner.
• Process all compliance‑driven corrections, resolving and improving pricing if prices are out of trading range.
• Monitor fail reports and aged settlements.
• Resolve client trading errors, run error trades, and communicate losses to financial advisors.
• Work with trade operations to resolve transaction discrepancies between 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 additional 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 (MSRB, TRACE).

• 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 and producers.
• Service‑oriented, meticulous, solution‑oriented.
• Strong verbal and written communication skills.
• Ability to respond to changes in routine or set guidelines without errors or disruptions.
• Strong customer service, organizational skills and attention to detail.

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

• A comprehensive Total Rewards Program including bonuses, flexible benefits, competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and management 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 expected salary range for this position is $50,000 to $80,000, depending on experience, skills, registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program, which increases your total compensation if the business meets its performance targets and you meet your individual goals.

• Drives RBC’s high‑performance culture.
• Enables collective achievement of our strategic goals.
• Generates sustainable shareholder returns and above‑market shareholder value.

• Bond Trading
• Confidentiality
• Customer Service
• Detail‑Oriented
• Investment Banking
• Investment Banking Analysis
• Securities Laws
• Standard Operating Procedure (SOP)
• Trade Client Reporting
• Trade Processing

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:

Final date to receive applications:

Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above.