Junior Municipal Bond Trader - Retail

What is the opportunity?

The Junior Municipal Bond Trader is a professional dedicated to achieving best execution in trading tax-exempt municipal bonds for Financial Advisors (FAs) within an environment built on teamwork, service, responsibility, diversity, and integrity. This role involves joining a proactive team that drives productivity and delivers excellence in products and services through education, idea generation, and a relentless focus on client-centric solutions.

What will you do?

• Trading and Execution: Execute tax-exempt municipal bond trades (syndicate and secondary) with a focus on best execution and cost efficiency. Evaluate market conditions, assess risks, and ensure optimal pricing. Manage inventory risk within assigned limits, maintain the department's database, and adhere to compliance protocols.
• Idea Generation: Develop and distribute actionable insights on market conditions, including portfolio ladders, swap opportunities, and new-money strategies. Communicate ideas creatively and proactively to FAs while fostering relationships through exceptional service.
• Collaboration: Partner with trading desks, cross-functional teams, and departments (e.g., Business Development, Fixed Income Strategies) to align messaging and identify opportunities. Support team members through backup coverage and contribute to special projects.
• Regulatory Compliance: Stay current on regulatory changes, maintain accurate trade records, and ensure adherence to policies and standards.

What do you need to succeed?

Must-have:

• Bachelor's degree in Economics, Finance, Mathematics, or a related field (or equivalent experience).
• Demonstrated understanding of fixed income markets, economics, and investment strategies.
• Proficiency in Bloomberg, Microsoft Office (Word, Excel, PowerPoint), and trading software.
• Series 7 and 63 licenses (or ability to obtain within 90 days).
• Ability to thrive in a fast-paced environment, prioritize tasks under pressure, and meet deadlines.
• Strong analytical, marketing, and interpersonal skills.

Nice-to-have:

• Prior experience in fixed income trading or related processes.
• Familiarity with the Tradeweb platform.

What's in it for you?

• Growth & Impact: Join a dynamic, collaborative team committed to progressive thinking, trusted client advice, and community impact.
• Competitive Rewards: Comprehensive compensation, including bonuses, stock options (where applicable), and flexible benefits.
• Development: Access to coaching, mentorship, and opportunities for increased responsibility.
• Work-Life Balance: Flexible arrangements to support personal and professional well-being.
• Challenging Work: Engage in high-impact projects that drive innovation and client success.

Job Skills

Additional Job Details

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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.