Bank Loan Finance Desk Analyst

The role will initially be responsible for booking loan trades that hedge our Total Return Swaps (TRS) to clients as well as booking/updating the TRS, which is mostly done in Excel with macros.

The candidate will also be responsible for reconciling/confirming positions, tracking and resolving margin disputes and booking loan hedge accrual resets.

Candidate will also participate in migrating the 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 both TRS and SPV Financing structures and support senior desk member with financing asset level approvals received from clients.

Skill Set:

• 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

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 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

The good-faith expected salary range for the above position is $135,000 - $165,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and businessneeds.Thissalary 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 culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

AUTHORITIES, IMPACT, RISK

• 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

KEY RELATIONSHIPS

• Provide critical support to senior ABS bankers for client coverage
• Coach and mentor junior Analysts and Associates for transaction/pitch execution and to foster growth
• Regular 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 deadlines
• Strong computer and analytical skills
• Considerable attention to detail is required
• Hours are unpredictable and as needed
• Team and position are based in New York; some travel is expected

Job Skills

Additional Job Details

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.