Job Summary

Job Description

What is the Opportunity?

ABS banker responsible for supporting US ABS Origination transaction execution and assisting junior and senior ABS bankers with client coverage across Non-Traditional ABS asset classesCritical execution and ideas-generating role to drive continued growth of Non-Traditional ABS origination across new and existing clients and asset classes

What will you do?

Support ABS bankers in creating, developing and presenting business ideas across Non-Traditional asset classes, taking lead in drafting initial versions of client presentations and pitch book materials and incorporating comments from junior and senior ABS bankersCoordinate transaction execution across third parties (issuers, lawyers, rating agencies, accountants, trustees, etc.), review offering and transaction documents, prepare sales memos and internal approval documents, amongst other responsibilitiesInteract with internal and external parties to ensure seamless execution on mandated transactions and coordinate the ultimate 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 roleMaintain internal databases of market data, including spreads/yields, deal pricing details, trading data, league tables, etc.Proactively identify operational risks / control deficiencies in the businessReview and comply with Firm Policies applicable to your business activitiesEscalate 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.

What do you need to succeed?

Basic Qualifications

Undergraduate degree in finance, economics, engineering or mathematics preferred but not requiredSeries 7, 63 and 79 (will be required within a reasonable time after joining if not currently held)

Other Required Qualifications:

College graduate with history of strong academic performanceStrong Excel and PowerPoint skills

Suggested Qualifications:

Ambition, eagerness and curiosity to learnSolutions-oriented approach to issues and problemsEnergetic self-starter who functions well in fast-paced, team-oriented environmentWillingness to work closely with and learn from both senior and junior team members

AUTHORITIES, IMPACT, RISK

Appropriate licenses and registrationsAuthority to transact on behalf of the firmMulti-product and derivatives competentSupports Non-Traditional ABS origination team within the broader ABS Origination and Global Spread Products businesses

KEY RELATIONSHIPS

Provide critical support to senior ABS bankers for client coverageRegular coordination with ABS syndicate, ABS sales, ABS trading, ABS financing, Corporate Banking, Global Investment Banking and other internal stakeholders to deliver the best of RBC to our clients

WORKING CONDITIONS

Comfortable and effective multitasking in a fast-paced and pressure-filled trading floor environment with competing priorities and deadlinesStrong computer and analytical skills and attention to detailHours are unpredictable and as neededConsiderable attention to detail is requiredTeam and position are based in New York; some travel is expected

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, competitive compensation, commissions, and stock where applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to building close relationships with clients

The good-faith expected salary range for the above position is $110,000 – $175,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

Drives RBC’s high performance cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder value

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Taking Initiative, Teamwork

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-07-01

Application Deadline:

2024-08-01

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.