Junior Municipal Trader

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 data base and processes. Develop and distribute ideas on current market conditions and communicate them in a creative and timely fashion to the FA's. Proactively create actionable ideas for FA's including: portfolio ladders, possible swap opportunities and new money opportunities. Build relationships with the retail network by maintaining a high level of service. Work closely with various trading desks and traders to obtain market insight, develop trade ideas and cross product opportunities. Partner with various departments across RBC along with Business Development and Fixed Income Strategies to deliver a cohesive message on opportunities to FA's. Must be a team player willing to provide back-up for other team members and jump in as business needs arise including special project. Remain aware of changing compliance standards. Maintains proper and accurate records and ensures that all trades comply with regulations and policies.

Bachelor's Degree, or the ability to demonstrate experience or academic achievement in related fields such as Economics, Finance, or Mathematics, or equivalent work experience. 2-5 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. Proficient with Bloomberg and other investment software package. Proficiency with Tradeweb and other ECN is a plus. Series 7 & 63 licenses - or willingness to obtain.

Bachelor's Degree

Must be a team player willing to provide back-up for other team members and jump in as business needs arise including special project.