Trader - Fixed Income Business Development

RBC; Minneapolis (MN); On-site; USD 55,000 - 95,000; Full time

Benefits offered by this job

Total rewards program

Career development

Flexible work-life balance

Travel up to 15%

Job summary

RBC in Minneapolis is seeking a Fixed Income Business Development professional to market fixed income securities to Financial Advisors, craft trade ideas, and educate the sales force on current market trends and product strategies. You will visit branches in person and virtually, deliver presentations, and collaborate with trading desks to deliver a cohesive fixed income message.

A bachelor’s degree and 2+ years in financial services are required; FINRA licenses or a plan to obtain them within 3

Qualifications

• Bachelor’s degree in Economics, Finance, Business, or a related field.
• 2+ years of experience in financial services.
• Strong ability to persuade, motivate and market product through e-mail, voice, and in-person.
• Robust organizational and time management skills and ability to multi-task and work independently in a dynamic client-oriented environment.
• Excellent communication and presentation skills, both verbal and written.

Responsibilities

• Idea generation: Produce taxable and tax-exempt trade ideas, bond ladders, and swap opportunities and communicate them to FAs.
• Training and Education: Visit branch offices in-person and virtually to educate FAs on fixed income products and capabilities.
• Collaboration: Work with trading desks and Fixed Income Strategies to deliver a cohesive message to FAs.

Skills

Persuasion

Communication

Time management

Presentation skills

Independent work

Education

Bachelor’s degree in Economics, Finance, Business, or a related field

Job description

Job Description

What is the opportunity?

Do you have a passion for fixed income, and helping Financial Advisors (FAs) construct fixed income portfolios for the benefit of clients? As a member of the Fixed Income Business Development team, you will have the opportunity to contribute to the success of our clients’ portfolios. In this role, responsibilities include marketing fixed income securities to the wealth management FAs through electronic communication, in-person visits to branches, webinars and phone calls. This team takes an overarching view of the fixed income landscape educating the sales force on the current market environment and timely product ideas and strategies.

What will you do?

• Idea Generation: Produce taxable and tax-exempt trade ideas, bond ladders, and swap opportunities based on current market conditions and communicate them in a creative and timely fashion to the FAs. Develop and distribute marketing and educational materials for fixed income securities. Facilitate account reviews to help FAs generate ideas for the betterment of client portfolios.
• Training and Education: Visit branch offices in-person and virtually to educate FAs on fixed income products and capabilities through presentations and one-on-one meetings. Communicate opportunities for FAs to utilize our team and tools to recruit fixed income clients and assets. Initiate input and review of assets “held away” to provide the clients and FAs with a holistic view of their portfolio.
• Collaboration: Work closely with various team members, trading desks and Fixed Income Strategies to obtain market insight, develop trade ideas and cross product opportunities. Partner with trading desks and Fixed Income Strategies to deliver a cohesive message on fixed income opportunities to FAs. Team player willing to provide back-up for other team members, share knowledge with team, and jump in as the daily business needs arise including special projects.

What do you need to succeed?

Must-have

• Bachelor’s degree in Economics, Finance, Business, or a related field
• 2+ years of experience in financial services
• Strong ability to persuade, motivate and market product through e-mail, voice, and in-person
• Robust organizational and time management skills and ability to multi-task and work independently in a dynamic client-oriented environment
• Excellent communication and presentation skills, both verbal and written

Nice-to-have

• Experience working in fixed income, trading, sales, or strategies
• FINRA Series 7 and 52 licenses, and if necessary, 63 license, or willing to acquire licenses within 3 months

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
• Up to 15% Travel

The expected salary range for this particular position is $55,000-$95,000, depending on your experience, skills, and registration status, market conditions and business needs.

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

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

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.