Associate - Credit Derivatives Trade Support

Job Description

What is the Opportunity?

We are seeking a Credit Derivatives Trade Support Associate with 3-5 years of trade support / financial institution experience and a strong interest in financial markets to help provide support to the New York Market Making Desk as we strive to provide best-in-class trade execution to RBC’s investment clients. In this role, you will focus on supporting the New York desk.

What will you do?

• Day-to-day emphasis on the support and automation of complex transactions in the North American Credit Derivative product family (Single Name CDS, CDX IG/HY, CDX Swaptions), rates derivatives and equity derivative hedging – where product proficiency is required to interpret economics, understand guidelines, and develop processes.
• Robust understanding of macroeconomic market trends in the credit space and leading factors to credit index, options, and single name movement.
• Monitor risk, screen trading activity, enhance ticketing, and scrutinize all positions to ensure they are booked accurately / flowing downstream as expected.
• Lead development to enhance existing procedures to recognize potential risk areas and prevent trade or operational errors.
• Work directly to support and learn from the Trading Desk with years of industry expertise.
• Maintain client relationships; ability to relay information to & from trading counterparties quickly and accurately.
• Act as main liaison between Front Office and Legal, Regulatory Reporting, Technology, Settlements and Back Office teams to resolve any trade booking and settlement issues.
• Utilize Bloomberg terminal to monitor positions, PnL, trade details, and communication with desk.

What do you need to succeed?

• Exceptional attention to detail.
• Ability to manage multiple tasks and deadlines in a fast-paced environment.
• Driven attitude to help create efficiencies within current processes and lead projects.
• Emphasis on strong communications ability.
• Demonstrate strong analytical and technical skills, data manipulation, macros, excel based processes
• Ability to develop relationship cooperatively with all levels of the team.
• FINRA Registrations: SIE & Series 99 and/or SIE & Series 7/Series 63 (to be completed within 90 days if absent)

Suggested Qualifications:

• Extensive experience with Credit Derivative products and the resulting trade life-cycle processes – i.e. Credit Events, Succession Events, CDX Option Exercise, Novation’s, Terminations, Clearing, etc.
• Knowledge or Regulatory Requirements within derivative trading landscape – i.e. Dodd Frank, EMIR, MiFID II, PTMM, etc.
• Techincal Proficiency in financial systems and exchanges: Bloomberg Terminal, Murex, DTCC TradeServ, ICE Clear Credit, LCH CDSClear

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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 build close relationships with clients.

The expected salary range for this position is $90,000 to $120,000 depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

#LI-KA2

Job Skills

Adaptability, Analytical Thinking, Critical Thinking, Customer Service, Decision Making, Interpersonal Relationship Management, Operational Delivery, Problem Resolution, Process Improvements, Tim