The STIR trader at RBC evaluates the worldwide interest-rate and foreign-exchange markets to spot the most profitable trading opportunities. They execute trades, particularly in fixed-income and foreign-exchange products, and at the same time control the associated risks.
The company promotes growth and advancement of their employees through teamwork, cooperation and improvements, while providing realistic ways for their employees to contribute meaningfully toward every employee’s success.
Collaboration, Innovation and Continuous Professional Development create an environment for all associates to perform at their best, and in doing so create Long Term Value to Customers and Colleagues, as well as the Community. You can continue to read further down to know more about this job post.
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Employer Details
Company : Royal Bank Of Canada
Location : Toronto, Ontario, Canada
Salary : $145527 per year
Job type : Full-time
Start Date : As soon as possible
Benefits: Compensation that is competitive, performance-based bonus systems, flexible and comprehensive benefits package, commitment to growing careers and providing an opportunity for internal mobility, coaching, mentoring and developing talent with supportive leaders, strong, dynamic and high-performing collaborative team environment, an opportunity to engage in impactful and challenging work, flexible work/life balance options, an inclusive and diverse workplace culture, and an opportunity to make a significant impact on clients and communities.
Job Description
- The STIR trader at RBC evaluates the worldwide interest-rate and foreign-exchange markets to spot the most profitable trading opportunities.
- They execute trades, particularly in fixed-income and foreign-exchange products, and at the same time control the associated risks.
- The position also involves coming up with creative ways of financing clients.
- The focus of this new era of finance is on collaboration and innovation, with the aim of achieving success for both the clients and the society at large.
- The different global interest and currency exchange markets will be thoroughly examined to spot the chances that can yield considerably high profits with low risks or be arbitraged.
- The handling of financial products will encompass trading and dealing in securities like bonds, repos, money market securities, derivatives, and currency exchange contracts.
- Clients will be provided with financing solutions based on structured and swap-based methods, through development and delivery.
- The management of interest rate, FX, and liquidity risks will be done according to the current market conditions and the company’s risk appetite.
- Networking with worldwide colleagues will be done to reinforce client relationships and to flip through the market share insights.
Responsibilities
- Oversee and carry out the registered trading activities for CAD and USD in both the fixed income market and Foreign Exchange market (FX).
- Maximize the Effective Use of the Balance Sheet and Collateral for Financing and Repo Transactions.
- Quote and manage repo and financing instruments, including term, extended, evergreen repo, bond options, T-locks, and total return swaps.
- Exercise a Solid Understanding of the Regulatory Environment which is Basel III.
- Connect with Collateral Management Practices in Daily Trading Operations.
- Ensure Compliance with All: Regulations, Policies, and Control Standards Related to Fixed Income and FX.
Requirements
- A minimum of a Bachelor’s degree.
- Has a comprehensive grasp of the tenets of risk management.
- Adept with quantitative, analytical, written, and oral skills as well as with computers.
- Demonstrated proficiency in the FX swaps and Treasury cash-to-futures market.
How to apply?
Click on the link below to know more about this job and apply at Royal Bank Canada.