TRADER FIXED INCOME SENIOR WHAT IS THE OPPORTUNITY? Performs wholesale buying and selling of taxable and tax-exempt fixed income debt instruments in a Bank broker/dealer platform, sourcing bonds for ...
TRADER FIXED INCOME SENIOR WHAT IS THE OPPORTUNITY? Performs wholesale buying and selling of taxable and tax-exempt fixed income debt instruments in a Bank broker/dealer platform, sourcing bonds for ...
Junior Trader - Fixed Income, Municipal Trading
Clark, NJ · On-site
$60K - $80K/yr
Junior Trader - Fixed Income, Municipal Trading Location: Clark, New Jersey Full/Part-Time: Full-Time FLSA Status: Exempt Equal Employment Opportunity Employer Salary Range: $60,000 - $80,000 Loop ...
Junior Trader - Fixed Income, Municipal Trading
Clark, NJ · On-site
$60K - $80K/yr
Junior Trader - Fixed Income, Municipal Trading Location: Clark, New Jersey Full/Part-Time: Full-Time FLSA Status: Exempt Equal Employment Opportunity Employer Salary Range: $60,000 - $80,000 Loop ...
Junior Trader - Fixed Income, Municipal Trading
$60K - $80K/yr
Junior Trader - Fixed Income, Municipal Trading Location: Clark, New Jersey Full/Part-Time: Full-Time FLSA Status: Exempt Equal Employment Opportunity Employer Salary Range : $60,000 - $80,000 Loop ...
Junior Trader - Fixed Income, Municipal Trading
$60K - $80K/yr
Junior Trader - Fixed Income, Municipal Trading Location: Clark, New Jersey Full/Part-Time: Full-Time FLSA Status: Exempt Equal Employment Opportunity Employer Salary Range : $60,000 - $80,000 Loop ...
Junior Trader - Fixed Income, Municipal Trading
Clark, NJ · On-site
$60K - $80K/yr
Junior Trader - Fixed Income, Municipal Trading Location: Clark, New Jersey Full/Part-Time: Full-Time FLSA Status: Exempt Equal Employment Opportunity Employer Salary Range : $60,000 - $80,000 Loop ...
Junior Trader - Fixed Income, Municipal Trading
Clark, NJ · On-site
$60K - $80K/yr
Junior Trader - Fixed Income, Municipal Trading Location: Clark, New Jersey Full/Part-Time: Full-Time FLSA Status: Exempt Equal Employment Opportunity Employer Salary Range : $60,000 - $80,000 Loop ...
Fixed Income Trader
New York, NY · Remote
$150 - $180/hr
Fixed Income Trading Expert Type: Flexible, project-based Compensation: $150-$180/hour Location: Remote Role Responsibilities * Evaluate and improve AI-generated outputs related to bond pricing ...
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Fixed Income Trader
New York, NY · Remote
$150 - $180/hr
Fixed Income Trading Expert Type: Flexible, project-based Compensation: $150-$180/hour Location: Remote Role Responsibilities * Evaluate and improve AI-generated outputs related to bond pricing ...
Fixed Income Trader
New York, NY · On-site
$137.50K - $160K/yr
Does having multiple responsibilities excite you? • Execute fixed income trades for SMA and brokerage accounts on an agency basis within an open architecture model across multiple fixed income ...
Fixed Income Trader
New York, NY · On-site
$137.50K - $160K/yr
Does having multiple responsibilities excite you? • Execute fixed income trades for SMA and brokerage accounts on an agency basis within an open architecture model across multiple fixed income ...
Does the fixed income markets interest you. Do you like to work in a fast-paced environment . Does having multiple responsibilities excite you. Execute fixed income trades for SMA and brokerage ...
Does the fixed income markets interest you. Do you like to work in a fast-paced environment . Does having multiple responsibilities excite you. Execute fixed income trades for SMA and brokerage ...
As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This ...
As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This ...
As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This ...
As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This ...
As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This ...
As a Derivatives Trader, you will play an instrumental role in the active taxable fixed income business, helping to determine and implement both hedging and alpha generating trading strategies. This ...
The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role ...
The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role ...
Fixed Income Trader
Chicago, IL · On-site
The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role ...
Fixed Income Trader
Chicago, IL · On-site
The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role ...
The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role ...
The Fixed Income Trader is responsible for executing fixed income transactions in accordance with established guidelines, ensuring fair, accurate, and timely execution and settlement. The role ...
Fixed Income Trader
Milwaukee, WI · Hybrid
The Fixed Income Trader is responsible for executing purchases and sales of Treasury, Agency, Commercial Paper, and Money Market Mutual Fund securities, including FDIC sweep products, on a riskless ...
Fixed Income Trader
Milwaukee, WI · Hybrid
The Fixed Income Trader is responsible for executing purchases and sales of Treasury, Agency, Commercial Paper, and Money Market Mutual Fund securities, including FDIC sweep products, on a riskless ...
Fixed Income Trader
Milwaukee, WI · On-site
The Fixed Income Trader is responsible for executing purchases and sales of Treasury, Agency, Commercial Paper, and Money Market Mutual Fund securities, including FDIC sweep products, on a riskless ...
Fixed Income Trader
Milwaukee, WI · On-site
The Fixed Income Trader is responsible for executing purchases and sales of Treasury, Agency, Commercial Paper, and Money Market Mutual Fund securities, including FDIC sweep products, on a riskless ...
Fixed Income Trader
Lansing, MI · Remote
$50 - $60/hr
Join to apply for the Fixed Income Trader role at DataAnnotation . We are looking for a Fixed Income Trader to join our team to train AI models. You will measure the progress of these AI chatbots ...
Fixed Income Trader
Lansing, MI · Remote
$50 - $60/hr
Join to apply for the Fixed Income Trader role at DataAnnotation . We are looking for a Fixed Income Trader to join our team to train AI models. You will measure the progress of these AI chatbots ...
Fixed Income Trader
$75.82K - $89.20K/yr
Executes buy and sell orders for fixed-income securities at prices that are advantageous; considering the size of the order, the trading supply and prevailing market conditions. Keeps informed of ...
Fixed Income Trader
$75.82K - $89.20K/yr
Executes buy and sell orders for fixed-income securities at prices that are advantageous; considering the size of the order, the trading supply and prevailing market conditions. Keeps informed of ...
Fixed Income Trader
Philadelphia, PA · On-site
$75.82K - $89.20K/yr
Executes buy and sell orders for fixed-income securities at prices that are advantageous; considering the size of the order, the trading supply and prevailing market conditions. Keeps informed of ...
Fixed Income Trader
Philadelphia, PA · On-site
$75.82K - $89.20K/yr
Executes buy and sell orders for fixed-income securities at prices that are advantageous; considering the size of the order, the trading supply and prevailing market conditions. Keeps informed of ...
Fixed Income Trader
Minneapolis, MN · On-site
$75.82K - $89.20K/yr
Executes buy and sell orders for fixed-income securities at prices that are advantageous; considering the size of the order, the trading supply and prevailing market conditions. Keeps informed of ...
Fixed Income Trader
Minneapolis, MN · On-site
$75.82K - $89.20K/yr
Executes buy and sell orders for fixed-income securities at prices that are advantageous; considering the size of the order, the trading supply and prevailing market conditions. Keeps informed of ...
Fixed Income Trader
Wausau, WI · Remote
$50 - $60/hr
Join to apply for the Fixed Income Trader role at DataAnnotation . We are looking for a Fixed Income Trader to join our team to train AI models. You will measure the progress of AI chatbots, evaluate ...
Fixed Income Trader
Wausau, WI · Remote
$50 - $60/hr
Join to apply for the Fixed Income Trader role at DataAnnotation . We are looking for a Fixed Income Trader to join our team to train AI models. You will measure the progress of AI chatbots, evaluate ...
Trader Fixed Income information
See salary details
$11K - $27.8K
22% of jobs
$27.8K - $44.5K
0% of jobs
$46.9K is the 25th percentile. Wages below this are outliers.
$44.5K - $61.3K
22% of jobs
$61.3K - $78.1K
0% of jobs
$78.1K - $94.9K
0% of jobs
$94.9K - $111.6K
4% of jobs
The median wage is $117.2K / yr.
$111.6K - $128.4K
6% of jobs
$128.4K - $145.2K
7% of jobs
$145.2K - $162K
3% of jobs
$171.8K is the 75th percentile. Wages above this are outliers.
$162K - $178.7K
18% of jobs
$178.7K - $195.5K
18% of jobs
$11K
$112.4K
$195.5K
How much do trader fixed income jobs pay per year?
What is a Trader Fixed Income job?
What are the key skills and qualifications needed to thrive in the Trader Fixed Income position, and why are they important?
What does a typical day look like for a Fixed Income Trader?

Full-time
Medical, Dental, Vision, Retirement, PTO
Posted 20 days ago
Job description
WHAT IS THE OPPORTUNITY?
Performs wholesale buying and selling of taxable and tax-exempt fixed income debt instruments in a Bank broker/dealer platform, sourcing bonds for the retail and institutional clients of RBC Securities while adhering to best-execution standards, internal policies, regulatory obligations and established Bank and RBC trading limits. This position works closely with and supports the RBCS Head Trader and Trader Fixed Income II and must be capable of performing all functions for taxable and tax-exempt trading in the absence of the RBCS Head Trader and the Trader Fixed Income II. Makes a market and manages trading position, maintaining an inventory through timely buying and selling of securities that will be attractive to RBCS' clients. Manages inventory positions and applies risk management to mitigate losses on positions held for expected client demand. Gathers trade detail, news, and information from other market makers to establish yield levels and prices (on a current basis) for all securities held in inventory. Advises sales staff and management of pertinent market and economic information and its anticipated effects upon the market.
WHAT WILL YOU DO?
- Perform wholesale purchasing and selling of all taxable securities for the RBCS Trading Account. Contact various broker/dealers to buy and sell securities at the most competitive prices to secure a profit. Execute and completes orders involving commitments for the Trading Account, adhering to Bank underwriting and trading policies.
- Make a market and manage a trading position, maintaining a marketable inventory through timely buying and selling of taxable securities.
- Place commercial paper orders with direct issuers. Secure corporate bond offerings to fit client needs.
- Gather rates and news information, call other market makers and follow pricing services such as Bloomberg, to establish yield levels and prices (on a current basis) for all securities in the taxable inventory. Communicate pricing to sales colleagues by updating computerized inventory and announcing any changes.
- Establish and maintain good relations with the broker/dealer community through regular telephone contact and business/social meetings.
- Assist sales colleagues to develop new clients and service existing clients with their investment needs.
- Identify new product or technology needs and work with vendors or trading partners to fulfill as required.
- Advise sales colleague and management of pertinent market and economic information and its anticipated effects upon the market. Gather data from market information services, industry forecasts and publications and determines how these activities will affect security prices and yields. Present evaluation and briefing as necessary during the day. Advises on Treasury auction calendar, new Federal Agency issues, and favorable prices on Agency discount notes available from the window.
- Verify accuracy and pricing on daily inventory reports and keeps management apprised.
- Assist operation staff with tenders and non-competitive subscriptions for U.S. Treasuries. Help maintain reports and records as required in the Bank's procedures.
- Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.
- Monitor inventory accounts and trade reports. Identify, investigate, and resolve issues including risk management issues.
- Provide investment officers and financial advisors with portfolio analytics and investment proposals.
- Identify and resolve trade issues in a timely and efficient manner.
- Provide management with ad-hoc position reports used to identify potential risk issues.
- Assist RBCS Branch Manager and/or RBCS Chief Compliance Officer with projects and tasks related to RBCS' adherence to regulatory rules, policies and procedures.
- Additional duties as assigned
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WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
- Bachelor's Degree or equivalent
- 10+ years of experience in brokerage fixed income trade desk operation.
- 10+ years of fixed-income trading experience
- Thorough knowledge of regulatory requirements, including Trace and MSRB
- FINRA Series 7
- FINRA Series 24
- FINRA Series 63 or 66
Additional Qualifications
- FINRA Series 53 preferred
- Demonstrated trade desk management experience and acknowledged success in a trade management role.
- Thorough knowledge of regulatory requirements, including TRACE and MSRB, etc.
- Strong knowledge of Bloomberg, Bloomberg TOMS, Bloomberg API.
- Knowledge and understanding of applicable FINRA, SEC broker/dealer regulations as well as Municipal Securities Rulemaking Board (MSRB) and Government Securities Act (GSA) regulations, Proficient with Microsoft Office (Word, Excel & PowerPoint).
- Must possess demonstrated supervisory skills and excellent verbal and written communications skills sufficient to interact with all levels of Bank Personnel and clients.
- Thorough knowledge of regulatory requirements, including TRACE and MSRB, etc. preferred
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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