Job Description What is the opportunity? We are seeking an experienced trader to join our Mortgage Aggregator. This is a mid-to-senior level role focused on actively managing a portfolio of residential mortgages and identifying relative value opportunities and asymmetric returns within the Canadian mortgage market. The incumbent will further contribute to revenue growth through innovative structured solutions and client engagement.
What will you do? Trading & Portfolio Management Actively manage key risks associated with large mortgage portfolios, including interest rate, prepayment and funding
Contribute to setting mortgage rates based on available funding sources and underlying market dynamics
Price large mortgage portfolios and MBS offerings
Monitor positions and portfolio returns, providing senior management with regular reporting on positioning, risk metrics, and financial performance
Market Analysis & Strategy Conduct comprehensive relative value analytics across mortgage products, bonds, repo, money market products, and mortgage-backed securities, identifying trade opportunities
Develop and articulate well-reasoned market perspectives and formulate opinions on mortgage market direction, macro trends, and implied valuations
Generate creative trade ideas and seek out return opportunities across fixed income products
Present actionable insights and recommendations to senior management
Structuring & Client Solutions Assist in the design and structuring of mortgage financing strategies tailored to both desk portfolio optimization and client needs
Partner with sales and client-facing teams to develop solutions that address client mandates while contributing to desk profitability
Support new product development and innovation
Collaborate with internal partners to strengthen client relationships
Enhance desk visibility and reputation as a partner of choice in the mortgage aggregation space
Risk Management & Governance Proactively identify operational risks and control deficiencies in the business




Review and comply with Firm Policies and Risk Limits applicable to the business line
Escalate operational risk loss events, control shortages, and risk breaches to your line manager and relevant risk and control functions on a timely basis
Platform Enhancement In conjunction with QTS, expand desk’s analytical and modelling tools to support ALM, trading and client solutions
Contribute to strengthening the platform through continuous improvement of processes and analytics
What do you need to succeed? Required Qualifications Minimum Bachelor’s degree
Minimum 5 years of experience in fixed income trading, with substantial background in derivatives, particularly interest rate swaps and swaptions, and their application to mortgage trading and hedging
Advanced knowledge of mortgage-specific risk factors, including prepayment risk, extension risk, and basis risk
Proven track record identifying trading opportunities, generating innovative trade ideas and managing multi-faceted portfolios
Strong analytical and problem-solving skills with proficiency in financial modeling and analytics tools
Excellent communication skills with ability to present complex ideas clearly and concisely, deliver key messages effectively and negotiate constructively
Excellent work ethic and attention to detail
Ability to perform effectively under periods of pressure
Collaborative mindset and team-first attitude
Preferred Qualifications Demonstrated proficiency in managing interest rate risk and convexity within mortgage portfolios
Functional knowledge of mortgage securitization
Knowledge of Canadian mortgage market structure, regulation,



and market participants
CFA designation and/or Master’s degree
Strong understanding of regulatory landscape (Basel III) and IFRS 9 accounting principles
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
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Flexible work/life balance options
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Job Skills 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: CAPITAL MARKETS
Job Type: Regular
Pay Type: Salaried
Posted Date: 2026-08-31
Application Deadline: 2026-09-14
Note** : ** : **Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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 chance for all.

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📌 Trader, Mortgage Investment Group (Ontario)
🏢 RBC
📍 Ontario