Lead Trader

APPLICATION DEADLINE: MAY 06, 2026

What is the opportunity?

We are seeking an experienced risk-based PM/Trader to lead RBCICL Portfolio Management within Royal Bank of Canada Insurance Company Ltd (RBCICL), reporting to the CEO & Managing Director of RBCICL. The ideal candidate overseeing and optimizing the global fixed income investment portfolio, managing complex financial instruments while providing strategic counsel to senior leadership and collaborating with the RBC Insurance CIO Office. This leadership role is essential for driving effective portfolio strategy, maintaining strong risk governance, and ensuring alignment with regulatory and business objectives.

What will you do?

• Oversee management of global fixed income portfolios, including bonds, investment grade and HQLA credit instruments, interest rate swaps, FX positions, and collateral allocations
• Execute and oversee bond trading, interest rate swap strategies, investment grade and HQLA credit transactions, and FX hedging within approved risk parameters
• Monitor portfolio performance against benchmarks and risk limits; escalate issues and recommend corrective actions to senior management
• Provide regular reporting to CEO & Managing Director; reporting to RBCICL’s investment committee, maintain collaborative relationships with RBC Insurance CIO Office, RBCICL CFO, Appointed Actuary, and Market Risk Management
• Prepare and present portfolio augmentations, risk considerations, and performance updates to boards; communicate complex financial concepts to non-technical stakeholders
• Maintain proficiency in Bloomberg AIM/TOMS; ensure accurate portfolio analytics, valuation, and compliance reporting
• Manage, mentor, and develop one trade support staff member; ensure operational excellence and adherence to compliance standards
• Work with functional partners to ensure appropriate trade settlement, reconciliation, and operational risk management

What do you need to succeed?

Must-have

• Technical bachelor’s degree or Master's Degree in Finance, Economics, Mathematics, or related field
• 10+ years of experience managing fixed income portfolios in institutional and/or insurance contexts
• Proven expertise executing bond, interest rate swap, investment grade credit, HQLA credit, FX, and collateral transactions
• Advanced proficiency with Bloomberg AIM/TOMS platforms
• Demonstrated experience presenting portfolio strategies and risk considerations to boards or senior governance bodies
• Strong quantitative skills with ability to synthesize complex financial data and develop actionable insights
• Demonstrated stakeholder management and team leadership experience
• Knowledge of risk governance, regulatory frameworks, and compliance standards relevant to insurance portfolios
• Ability to work independently and make sound decisions in a fast-paced environment

Nice-to-have

• CFA (Chartered Financial Analyst) credential
• FRM (Financial Risk Manager) credential
• Experience with IFRS 17 accounting standards for insurance portfolios
• Background in insurance portfolio management
• Proficiency with Murex, Apex, and/or Felix systems
• Experience managing trade support teams or operational staff

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business and geographies

Bond Trading, Confidentiality, Customer Service, Detail-Oriented, Investment Banking, Investment Banking Analysis, Securities Laws, Standard Operating Procedure (SOP), Trade Client Reporting, Trade Processing

Additional Job Details

55 Independence Square North:Port of SpainPort Of SpainTrinidad and Tobago37.5Full timeINSURANCERegular2026-04-222026-05-07

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 opportunity for all.

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.