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About the Role

The role will initially be responsible for booking loan trades that hedge Total Return Swaps (TRS) to clients, booking/updating TRS, reconciling/confirming positions, tracking and resolving margin disputes, and booking loan hedge accrual resets. The candidate will also participate in migrating bookings from spreadsheets to a strategic booking solution to automate Desk PnL, downstream Market and counterparty risks, Settlements, and accounting. Additionally, the candidate will assist with internal presentations and approvals for TRS and SPV Financing structures and support senior desk members with financing asset level approvals received from clients.

Responsibilities

Book loan trades that hedge Total Return Swaps (TRS) to clients
Book and update TRS
Reconcile and confirm positions
Track and resolve margin disputes
Book loan hedge accrual resets
Participate in migrating bookings from spreadsheets to a strategic booking solution
Assist with internal presentations and approvals for TRS and SPV Financing structures
Support senior desk members with financing asset level approvals received from clients

Requirements

Self-Starter
Knowledge of trading markets, derivatives, credit/loan markets a plus
Strong technology skills
Knowledge of RBC support teams processes (Market Risk, Credit Risk, Counterparty Credit Risk, Product Control, Ops)
Understanding and interest in fundamental credit analysis a plus
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

Location

New York, United States of America

Work Type

Full time

Salary/Compensations

$135,000 - $165,000

Benefits

Bonuses
Flexible benefits
Competitive compensation
Commissions
Stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Opportunities to building close relationships with clients
A comprehensive Total Rewards Program
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.
Our 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.