About the Role
Support ABS bankers in creating, developing, and presenting business ideas across Non-Traditional asset classes. Take the lead in drafting initial client presentations and pitch book materials, incorporating feedback from bankers. Coordinate transaction execution across various third parties, review transaction documents, and prepare sales memos and internal approval documents. Interact with internal and external parties to ensure seamless execution and coordinate settlement of Non-Traditional ABS transactions. Collaborate on M&A and other strategic transactions where ABS plays a role. Maintain internal databases of market data and proactively identify operational risks and control deficiencies.
Responsibilities
- Support ABS bankers in creating, developing and presenting business ideas across Non-Traditional asset classes
- Draft initial versions of client presentations and pitch book materials
- Incorporate comments from junior and senior ABS bankers
- Coordinate transaction execution across third parties (issuers, lawyers, rating agencies, accountants, trustees, etc.)
- Review offering and transaction documents
- Prepare sales memos and internal approval documents
- Interact with internal and external parties to ensure seamless execution on mandated transactions
- Coordinate the settlement of Non-Traditional ABS transactions
- Collaborate with junior and senior ABS bankers and other internal parties on M&A and other strategic transactions where ABS is expected to play a role
- Maintain internal databases of market data, including spreads/yields, deal pricing details, trading data, league tables, etc.
- Proactively identify operational risks / control deficiencies in the business
- Review and comply with Firm Policies applicable to your business activities
- Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis
Requirements
- College graduate with a history of strong academic performance
- Series 7, 63 and 79 (will be required within a reasonable time after joining if not currently held)
- At least 3 years of relevant experience, ideally in the ABS space
- Strong Excel and PowerPoint skills
- Ambition, eagerness and curiosity to learn
- Solutions-oriented approach to issues and problems
- Energetic self-starter who functions well in a fast-paced, team-oriented environment
- Willingness to work closely with and learn from both senior and junior team members
- Appropriate licenses and registrations
- Authority to transact on behalf of the firm
- Multi-product and derivatives competent
- Supports Non-Traditional ABS origination team within the broader ABS Origination and Global Spread Products businesses
- Comfortable and effective multitasking in a fast-paced and pressure-filled trading floor environment with competing priorities and deadlines
- Strong computer and analytical skills
- Considerable attention to detail is required
- Hours are unpredictable and as needed
Skills
- Adaptability
- Critical Thinking
- Customer Service
- Detail-Oriented
- Financial Engineering
- Financial Statement Analysis
- Investments Analysis
- Personal Development
- Personal Initiative
- Teamwork
- Excel
- PowerPoint
Location
- New York
- United States of America
Work Type
- Full time
- Salaried
- Onsite
Experience Level
- Associate
- At least 3 years of relevant experience
Education Level
- College graduate
Salary/Compensations
- $165,000-$200,000
Benefits
- Bonuses
- Flexible benefits
- Competitive compensation
- Commissions
- Stock where applicable
- 401(k) program with company-matching contributions
- Health, dental, vision, life and disability insurance
- Paid time-off plan
About the Company
- RBC is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
- Success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper.
- As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries.
- We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.
Equal Opportunity
- 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.
