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. 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 innovative trade ideas and seek out return opportunities across fixed income products Present actionable insights and recommendations to senior management 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 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 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 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 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 Robust understanding of regulatory landscape (Basel III) and IFRS 9 accounting principles 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 Flexible work/life balance options #Full time CAPITAL MARKETS 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. #

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