Canada Rates Trading

Bank of America; Toronto; On-site; CAD 140,000 - 210,000; Full time

Benefits offered by this job

Competitive benefits

Job summary

Bank of America in Toronto seeks an experienced Rates Trader to manage risk and develop trading strategies with limited direction from senior staff. You will build client relationships, support clients with buying and selling financial products, and implement trading strategies to achieve revenue goals.

The role requires deep knowledge of risk management, hedging, and market dynamics, with strong collaboration across Sales, Structuring, and global trading teams.

Qualifications

• Minimum 6+ years of experience in Rates Trading, Treasury or CAD FX.
• Strong knowledge of interest rate products including swaps, forwards, government bonds and derivatives.
• Proven ability to manage risk, price markets, and execute trades in a fast-paced trading environment.
• Solid understanding of market structure and liquidity dynamics.
• Excellent communication and collaboration with Sales and global trading teams.

Responsibilities

• Partner with global sales teams to help clients execute trading activities and share market knowledge.
• Perform trading activities in compliance with regulations and ensure orders are accurate and timely.
• Assign accounts to predefined trading models and administer trades per product guidelines.
• Operate as a market maker, buying and selling instruments according to trading strategies and risk parameters.

Skills

Rates Trading

Risk Management

Market Analysis

Communication

Team Collaboration

Global Markets Knowledge

Education

Bachelor's degree in business/finance/economics

Job description

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in‑office culture that supports collaboration, engagement, and career development. Our approach includes clear in‑office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

This job is responsible for managing risk and developing trading activities with limited direction from senior staff. Key responsibilities include proactively maintaining and building client relationships, supporting clients with buying and selling financial products, and implementing trading strategies to achieve revenue goals. Job expectations include having in-depth knowledge of risk management, hedging, and trading strategies as well as market characteristics.

Responsibilities

• Partners with global sales teams to help the bank's clients execute trading activities, while sharing knowledge of the current market environment
• Performs trading activities in compliance with federal regulations, industry standards, and other requirements and ensures trading orders are executed with the highest degree of accuracy and time efficiency
• Assigns accounts to pre-defined trading models and administers trades based on product guidelines
• Operates as a market maker, buying and selling financial instruments in accordance with established trading strategies and risk parameters

Qualifications

• Minimum 6+ years of experience in Rates Trading, Treasury or CAD FX.
• Strong knowledge of interest rate products, including swaps, forwards, government bonds, and related derivatives.
• Proven ability to manage risk, price markets, and execute trades in a fast-paced trading environment.
• Solid understanding of market structure, liquidity dynamics, and linkage to global rates (e.g., USD rates environment).
• Bachelor's degree in business, finance, economics or a related field is preferred
• Strong analytical and technical skill set combined with sound trading instinct and judgment.
• Ability to articulate views on market trends, macro drivers, and relative value opportunities.
• Strong communication skills, with the ability to collaborate effectively with Sales, Structuring, and global trading teams.
• Ability to perform under pressure and make informed decisions in volatile market conditions.

What Bank of America Offers Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees. Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization. Bank of America is an Equal Opportunity Employer Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.. This posting is for an existing open position.

Shift

Hours Per Week: 37.5

Pay Transparency details

CA - Toronto - 181 BAY ST (101803)

Pay range The compensation for the position is not required to be posted under the Ontario Employment Standards Act, 2000, and associated Regulation.

Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

• We provide competitive benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well‑being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi‑faced approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.