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Global Head of Rates Flow Volatility Trading

1 month ago

New York, New York, United States Royal Bank of Canada Full time

Job Summary

Job Description

What is the opportunity?

Management of the Global Rates Flow Volatility Trading teams in New York and London. To develop the trading capabilities, profitability and profile of this group within RBC, with primary focus on the vanilla interest rate options side of the business. To price, trade and risk manage structured rates derivative exposure in USD and CAD in New York and GBP and EUR in London.

What will you do?

  • Lead and manage the Rates Flow Volatility Trading teams in New York and London - 3 traders in New York and 2 traders in London.
  • Overview the group's risk taking decisions and monitor actively risk profile of all exposure attributed to the global structured interest rate derivatives group
  • Develop and increase profitability of structured interest rate group
  • Price structured Fixed income derivatives on behalf of customer base, internal business centers and the wholesale market
  • Service client and marketer requests and service all pricing and trading requirements
  • Collaborate with local and global sales and trading teams in achieving firm's goals
  • Communicate risk positions to the global head of Structured Rates Trading
  • Mandated Products are currently Caps & Floors, Swaptions, Bond Options, Bond Forwards, and T-locks.
  • Agree end of day profitability and risk positions with middle office
  • Participate in the risk management of the relevant structured Interest rate portfolios
  • Generate trade ideas for customers
  • Keep up to date with the latest macro and product developments in the market
  • Work with our Quant teams to constantly improve and enhance our models and tooling
  • Work with our IT Dev teams to help streamline our infrastructure and processes
  • Trading within limit structure set by management
  • 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 promptly
  • Ensure that employees understand RBC vision, as well as support and reinforce targeted behaviours that contribute to RBC goals.
  • Provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance.
  • Leverage the value in unit, department, and enterprise wide teams to develop better solutions and achieve a cross enterprise mindset.
  • Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities.
  • Review new and updated Firm Policies applicable to your business and communicate such Firm Policies to employees for whom you have supervisory responsibilities.
  • In carrying out your supervisory responsibilities, review for indications of non-compliance with Firm Polices, notify the appropriate risk and control areas of such indications, and work with the relevant risk and control areas to remediate issues on a timely basis
  • Identify, assess and manage operational risks/control deficiencies in the business

What do you need to succeed?

  • BA, MBA, MA or MS or equivalent with emphasis in Finance, Math, or a similar field
  • FINRA Securities Licenses a must - Series 7, 63, 24
  • Solid understanding of Fixed Income Products
  • Strong written and oral communication skills and a good team player
  • More than 15 years experience in IR vanilla options and exotics trading
  • In depth knowledge of the current products traded in the market and how to price them
  • A high degree of mathematical ability and ability to price complex structures.

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
  • Opportunities to do challenging work
  • Opportunities to building close relationships with clients

The good-faith expected salary for the above position is $300,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

  • Drives RBC's high performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills

Accountability, Accountability, Bond Trading, Building Talent, Business, Communication, Cross-Team Collaboration, Decision Making, Financial Engineering, Financial Regulation, Interest Rate Risk Management, Interest Rates, Investment Consulting, Investment Risk Management, Options Analysis, People Management, Performance Management (PM), Portfolio Management, Pricing Models, Profitability, Quantitative Methods, Results-Oriented, Risk Control, Risk Management, Securities Laws {+ 4 more}

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion and Equal Opportunity Employment

At 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.

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