Job Description

What is the opportunity?

• Increase revenue by seeking out asymmetric return and arbitrage opportunities across various fixed income and FX products.
• Strengthen platform by offering unique financing solutions to clients

What will you do?

• Analyze global interest rate and FX markets to seek out and execute upon asymmetric return and arbitrage opportunities
  • Bonds, Repo, MM products, interest rate futures, interest rate swaps, asset swaps, invoice spreads, cash-futures basis, RV
  • Spot FX, FX swaps
• Seek out new clients and expand activity with existing clients by leveraging unique financing solutions (e.g. total return swaps, collateral swaps)
• Effective management of interest rate, FX and liquidity risk
• Collaborate globally with internal partners to strengthen client relationships
• Share strategies and market insights with management
• Expand desk’s analytical and modelling tools

• Proactively identify operational risks/control deficiencies in the business
• Review and comply with Firm Policies applicable to your business activities
• Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis

What you need to succeed?

Required

• Minimum Bachelor’s degree (CFA and/or Master’s degree are assets)
• Curious and creative self-starter with a proven track record of innovative trade idea generation
• Excellent work ethic and aptitude for risk management
• Strong quantitative, analytical, communication and computer skills
• Excellent understanding of global fixed income and FX swaps markets
• Expertise in financing markets with a focus on balance sheet and collateral optimization
• Experience trading FX swaps and treasury cash-futures basis
• Experience quoting term repo, extendible repo, evergreen repo, bond forwards, T-locks and total return swaps
• Strong understanding of regulatory landscape (Basel III) and collateral management themes

Preferred

• CAD & USD registered

Behavioural

• Must have the ability to perform under periods of pressure.
• Good communication skills are essential at various levels of seniority when dealing with internal and external customers as well as other business units.

Technical

• Regulatory understanding of fixed income and FX markets

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills

Analytical Thinking, Asset Swaps, Client Prospecting, Client Relationship Building, FX Swaps, Interest Rates, Interest Rate Swap, Teamwork, Total Return Swaps

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeCAPITAL MARKETSRegularSalaried2025-05-29

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.