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 fundingContribute to setting mortgage rates based on available funding sources and underlying market dynamicsPrice large mortgage portfolios and MBS offeringsMonitor positions and portfolio returns, providing senior management with regular reporting on positioning, risk metrics, and financial performanceMarket Analysis & Strategy
Conduct comprehensive relative value analytics across mortgage products, bonds, repo, money market products, and mortgage-backed securities, identifying trade opportunitiesDevelop and articulate well-reasoned market perspectives and formulate opinions on mortgage market direction, macro trends, and implied valuationsGenerate innovative trade ideas and seek out return opportunities across fixed income productsPresent actionable insights and recommendations to senior managementStructuring & Client Solutions
Assist in the design and structuring of mortgage financing strategies tailored to both desk portfolio optimization and client needsPartner with sales and client-facing teams to develop solutions that address client mandates while contributing to desk profitabilitySupport new product development and innovationCollaborate with internal partners to strengthen client relationshipsEnhance desk visibility and reputation as a partner of choice in the mortgage aggregation spaceRisk Management & Governance




Proactively identify operational risks and control deficiencies in the businessReview and comply with Firm Policies and Risk Limits applicable to the business lineEscalate operational risk loss events, control shortages, and risk breaches to your line manager and relevant risk and control functions on a timely basisPlatform Enhancement
In conjunction with QTS, expand desk’s analytical and modelling tools to support ALM, trading and client solutionsContribute to strengthening the platform through continuous improvement of processes and analyticsWhat do you need to succeed?
Required Qualifications
Minimum Bachelor’s degreeMinimum 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 hedgingAdvanced knowledge of mortgage-specific risk factors, including prepayment risk, extension risk, and basis riskProven track record identifying trading opportunities, generating cutting-edge trade ideas and managing multi-faceted portfoliosStrong analytical and problem-solving skills with proficiency in financial modeling and analytics toolsExcellent communication skills with ability to present complex ideas clearly and concisely, deliver key messages effectively and negotiate constructivelyExcellent work ethic and attention to detailAbility to perform effectively under periods of pressureCollaborative mindset and team-first attitudePreferred Qualifications
Demonstrated proficiency in managing interest rate risk and convexity within mortgage portfoliosFunctional knowledge of mortgage securitizationKnowledge of Canadian mortgage market structure, regulation,



and market participantsCFA designation and/or Master’s degreeStrong understanding of regulatory landscape (Basel III) and IFRS 9 accounting principlesWhat’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 compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workFlexible work/life balance options#LI-KA2Job Skills
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:
TorontoCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
CAPITAL MARKETSJob Type:
RegularPay Type:
SalariedPosted Date:
2026-08-31Application Deadline:
2026-09-14Note** : ** : **Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur 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.
#J-18808-Ljbffr

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