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 classes
Critical 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 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, amongst other responsibilities
Interact 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 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.
What do you need to succeed?
Basic Qualifications
Undergraduate degree in finance, economics, engineering or mathematics preferred but not required
Series 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 performance
Strong Excel and PowerPoint skills
Suggested Qualifications:
Ambition, eagerness and curiosity to learn
Solutions-oriented approach to issues and problems
Energetic self-starter who functions well in fast-paced, team-oriented environment
Willingness to work closely with and learn from both senior and junior team members
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
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 and attention to detail
Hours are unpredictable and as needed
Considerable attention to detail is required
Team 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 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 $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 culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
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.
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</a/span>
Seniority level
Not Applicable
Employment type
Full-time
Job function
Business Development and Sales
Industries
Banking and Financial Services
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