Fixed Income Strategist
RBC — TORONTO, Ontario, Canada
Posted 2026-11-05
Job Description
Job Description
RBC Wealth Management’s Toronto-based Portfolio Advisory Group (“PAG”) is a team of roughly 30 professionals responsible for providing independent investment advice and portfolio management guidance to the nearly 2,000 investment advisors working under the RBC Dominion Securities (“RBC DS”) banner in Canada. As a Strategist on our PAG Fixed Income Strategies desk, you will help shape investment views from the heart of Canada's fixed income market, on the RBC trade floor at 200 Bay Street.
In a highly visible role, you will deliver market opinions, actionable fixed income investment ideas, macro-economic outlook, asset allocation, and individual security selection guidance to RBC DS Investment Advisors. You will also participate in the management of active bond SMAs and discretionary portfolios. A key component of the role involves writing and communicating ideas on these subjects, as well as completing portfolio reviews and development of portfolio proposals. Although domestically focused, the position will offer you exposure to US and international fixed income markets as well. The ideal candidate would possess an analytical mind, intellectual curiosity, a team-first attitude, exceptional communication skills and an ability to thrive in a fast-paced environment. Most importantly, the candidate would have a strong interest in the capital markets, macroeconomics, rates, and credit analysis.
What will you do?
- Collaboratively digest economic and market data with colleagues to develop strategies and communicate fulfillment options in written and oral forums.
- Actively participate and assist in the management of the team’s fixed income portfolios.
- Complete portfolio analysis on all fixed income securities including government bonds, corporate investment-grade bonds, high yield bonds, and preferred shares.
- Assist Investment Advisors in identifying and implementing appropriate investment strategies by providing scalable solutions and one-on-one consultation as needed.
- Engage with market thought leaders on Bay Street and Wall Street to exchange views, refine investment ideas, and stay ahead of market developments.
- Interact with the Fixed Income Trading Desk to navigate trade execution challenges, bond availability/liquidity, and relative value opportunities.
What do you need to succeed?
Must haves:
- Bachelor’s degree in economics, finance, mathematics, or related fields.
- Macroeconomic knowledge: Understanding of interest rates, inflation, central bank policy, and yield curve dynamics.
- Credit market knowledge: Familiarity with credit ratings, spread analysis, and sector or issuer-level research.
- Prior work experience in fixed income trading, credit analysis, portfolio management, market strategy, or a closely related field, with a proven ability to analyse securities and assess how they fit within a broader portfolio.
- Excellent communication skills with the ability to distill complex ideas into clear, relevant and timely advice.
- Ability to communicate complex fixed income views clearly and confidently when presenting to audiences of varying sizes, such as internal committees, clients, or conference panels.
- Stakeholder collaboration: Experience working with portfolio managers, traders, sales, or clients.
- Proficiency in Excel.
- Ability to multi-task and prioritize in a very demanding and fast-paced environment.
Nice-to-have:
- CFA designation or working towards it.
- Model development: Experience building or maintaining proprietary forecasting or valuation models.
- Adjacent asset classes: Experience with rates derivatives, FX, securitised products, or emerging market debt.
- Proficiency with Bloomberg terminal.
- VBA Excel programming skills.
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
- Access to a work environment on the trade floor that puts you in close proximity with a wide range of RBC Capital Markets professionals
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunity to do challenging work and take on greater accountabilities in the future
- Opportunity to build close working relationships with RBC DS advisors across the country
About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.
Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.
Job Skills
Bloomberg Terminal, Communication, Economic Analysis, Fixed Income Portfolio Management, Fixed Income Strategies, Fixed Income Trading, Investment Allocation, Microsoft Excel, Microsoft PowerPoint, Professional Presentation, Writing
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-11-05
Application Deadline:
2026-11-20
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.
Pay Range
The expected pay range for this position is:
$90,000.00 - $140,000.00
The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay range for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.
You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.