Trader- Fixed Income Municipals

RBC Capital Markets, LLC; Dallas (TX); On-site; USD 95,000 - 140,000; Full time

Benefits offered by this job

Bonuses and flexible benefits

Stock options where applicable

Coaching and career development

Flexible work/life balance

Challenging work

Career progression opportunities

Job summary

RBC Wealth Management in Dallas seeks a Municipal Bond Trader to trade municipal bonds, market to the retail branch network, and generate trading revenue while prioritizing clients’ best interests.

You will educate Financial Advisors, manage new issue processes and regulatory compliance, and collaborate across trading desks to develop ideas and opportunities.

Qualifications

• Bachelor's degree in Economics, Finance, Business, Mathematics, or related field.
• Minimum 2+ years of experience on a fixed-income trading desk or marketing to financial advisors.
• Demonstrated knowledge of fixed income markets, economics, marketing strategies, and fixed income instruments.
• Series 7, 52, & 63 licenses.
• Excellent marketing and communication skills.

Responsibilities

• Trading and Execution on municipal securities within assigned limits to generate revenue and manage risk.
• Idea generation and dissemination of market ideas to Financial Advisors with actionable opportunities.
• Collaborate with trading desks and RBC groups to deliver cohesive market messaging.
• Oversee new issue processes and ensure regulatory compliance and accurate trade records.

Skills

Bond Trading

Confidentiality

Customer Service

Detail-Oriented

SOP

Trade Processing

Education

Bachelor's degree in Economics, Finance, Business, Mathematics, or related field

Series 7, 52, & 63 licenses

Tools

Bloomberg

Tradeweb

Job description

Job Description

As a Municipal Bond Trader for RBC Wealth Management, one of the nation's largest full-service investment firms, you will be responsible for trading (buying and selling) municipal bonds within assigned limits and generating sales commissions and trading revenue. You will be responsible for marketing municipal bonds to the retail branch network by disseminating product and market information, and by following up on the merchandising of available securities. Trader will educate the sales force through electronic and telephonic communication, as well as branch office visits, and provide training to Financial Advisors on the products and sales ideas. Trader will provide fixed income services to Financial Advisors with a focus on prioritizing our clients' best interests. Additionally, this role includes new issue oversight, ensuring Financial Advisors follow regulatory requirements and tickets execute correctly. The ideal candidate is a team player with strong knowledge of our products, genuine sales skills, and the ability to manage both the trading side of the job and the relationship-building side that keeps clients coming back.

What will you do?

• Trading and Execution: Responsible for bidding and purchasing municipal securities for inventory positions, creating sales credit, and trading revenues, and managing associated risk of those positions. Evaluate information related to financial markets and quickly and accurately assess market risk in order to receive the best possible price. Access and manage risk within assigned limits for inventory books. Maintain current departments database and processes.
• Idea Generation: Develop and distribute ideas on current market conditions and communicate them in a creative and timely fashion to the FAs. Proactively create actionable ideas for FAs including portfolio ladders, possible swap opportunities, and new money opportunities. 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. Partners with various departments across RBC along with Business Development and Fixed Income Strategies to deliver a cohesive message on opportunities to FAs. Must be a team player willing to provide back-up for other team members and jump in as business needs arise including special projects.
• New Issue Process and Regulatory: Remain aware of changing compliance standards. 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 in Economics, Finance, Business, Mathematics, or a related field or equivalent work experience
• Minimum 2+ years of experience working on a fixed-income trading desk or marketing products and ideas to financial advisors
• Demonstrated knowledge of fixed income markets, economics, marketing strategies, and other fixed income instruments
• Series 7, 52, & 63 licenses
• Excellent marketing and communication skills

Nice-to-have

• Proficient with Bloomberg and other investment software packages
• Proficiency with Tradeweb and other ECN is a plus
• Ability to work in a fast-paced environment and to perform varied tasks from multiple sources
• Ability to quickly assess situations, react to market/economic conditions and offer creative solutions and opportunities while meeting critical deadlines

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

Job Skills

Bond Trading, Confidentiality, Customer Service, Detail-Oriented, Standard Operating Procedure (SOP), Trade Processing

Additional Job Details

Address

DALLAS CRESCENT COURT, 200 CRESCENT COURT:DALLAS

City

Dallas

Country

United States of America

Work hours/week

40

Employment Type

Full time

Platform

WEALTH MANAGEMENT

Job Type

Regular

Pay Type

Salaried

Posted Date

2026-09-11

Application Deadline

2026-11-27

Note

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

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.