Associate, Fixed Income Trade Support

Job SummaryJob DescriptionWhat is the opportunity?Under the direction of a licensed trader, assist with billing, trade breaks, and trade allocations in a timely and accurate manner.Position involves working with trade operations to resolve issues regarding the billing, comparison, settlement, inventory, and regulatory reporting compliance of fixed income products.What will you do?Operational Duties - 70%Under the direction of a licensed trader, coordinate with trading, correspondents, Financial Advisors, money managers, and Operations to resolve comparison and settlement issues.Research issues on the reconcilement and fail reports and correct them in an accurate and timely manner.Process all compliance-driven corrections, resolving and improving if prices are out of trading range.Monitor Fail reports / aged settlements.Resolve client trading errors, run error trades, and communicate losses to Financial Advisors.Work with trade operations to resolve transaction discrepancies between the various trading and back-office systems.Research and respond to complex questions from operations, branch offices, management, and others.Serve as a Fixed Income Trade Support subject matter expert on projects.Projects & Testing - 20%Participate in the testing and implementation of system and/or process changes.Reduce risk or increase efficiencies by suggesting process changes and system modifications.Assist with other projects and activities as assigned by supervisor or manager.Other - 10%Perform other job-related duties as needed to accomplish all required tasks.Ensure availability to function as a resource to less experienced department personnel.Work with operations to ensure Fixed Income Trading adheres to all regulatory reporting requirements (i.e., MSRB, TRACE).What do you need to succeed?Must-haveBachelor's degree in finance, business, or related field preferred.1-2 years industry experience.SIE and Series 99 or willingness to obtain within 12 months of joining RBC.5 days in-office job with the ability to work 29 days from home annually.Proven people skills / known contributor.Ability to work closely with business owners & producers.Service-oriented / meticulous / solution-oriented.Strong verbal & written communication skills.Ability to respond to changes in routine or set guidelines without errors or disruptions.Strong customer service and organizational skills and attention to detail.Nice-to-haveProficient use and comprehensive working knowledge of trading and record retention systems such as Tradeweb Direct, FIFE, ICI, Bloomberg, BPS, and PostEdge.3+ years of industry experience.Series 7, 63 or willingness to obtain.Trading environment experience.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 SkillsBond Trading, Confidentiality, Customer Service, Detail-Oriented, Investment Banking, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Trade ProcessingAdditional Job DetailsAddress:

250 NICOLLET MALL: MINNEAPOLISCity:

MinneapolisCountry:

United States of AmericaWork hours/week:

40Employment Type:

Full timePlatform:

WEALTH MANAGEMENTJob Type:

RegularPay Type:

SalariedPosted Date:

2024-09-19Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients, and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips, and recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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