Securitization Analyst / Associate

Job Description

PRINCIPAL RESPONSIBILITIES  

• Production of marketing materials for existing and target clients
• Provide data analysis, including statistical stratification of collateral portfolios, historical performance statistics, projection of future performance expectations, and derivation of expected case losses
• Assist with preparation of materials and participate in the com-com (business approval) process
• Assist with client sponsorship review
• Assist in the preparation of credit write-ups (Transaction Request) that contain transaction terms and conditions.  Coordination of review and approval of Transaction Requests by Group Risk Management and the conduit equity provider (where applicable)
• Assist in preparing RFPs and Information Memorandums, when applicable
• Assist in conducting client, seller, servicer due diligence.  Prepare due diligence report
• Assist with structuring of securitization transactions
• Work with client and attorneys to develop and negotiate transaction legal documentation
• Liaise with rating agencies to obtain rating agency approval of transactions
• Assist clients in developing custom, menu driven settlement reports designed specifically to meet the terms and conditions of each transaction, where applicable (Client’s Seller Report)
• Work with clients to extract historical portfolio information and build credit enhancement model
• Prepare and input required KME templates
• Assist in annual renewals of existing transactions
• Help run transaction returns and optimize financial resources consumed
• Assist in ongoing review and compliance of existing transaction performance (at least monthly)
• Assist in preparing scope, review and comment on initial and annual transaction AUPs
• Help with the maintenance of client relationships
• Other deal/client transaction maintenance as require
• 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 promptly. 

JOB SPECIFICATIONS AND QUALIFICATIONS

• Masters or Undergraduate Degree (Finance, Economics, Mathematics or Liberal Arts preferred)
• Minimum of 1-2 years of relevant experience preferred
• Relevant securitization experience preferred
• Solid understanding of credit markets
• Ambitious individual with strong presentation skills
• Possess strong written and oral communication skills
• Ability to prioritize and effectively manage a large workload in a high-pressure environment
• Ability to multi-task with little supervision
• Ability to inter-act effectively & establish good working relationships with other personnel within RBC Capital Markets and external clients
• High proficiency in Word, PowerPoint & Excel
• Strong quantitative and analytical skills

AUTHORITIES, IMPACT, RISK

• The position is based in New York. 
• The employee is expected to conduct themselves in a manner that is consistent with the Securitization Finance group’s business strategy of providing high quality products and services for RBC’s clients. 
• Employee is expected to identify and quantify the materiality of transaction and product risk, thereby providing a favourable risk/return profile for RBC in its various capacities.  
• All respective approvals (business, credit, conduit) will be obtained for all transactions and activities as needed.
• Risks inherent in the Securitization Finance business include: credit risk, liquidity risk, documentation risk, mismatch risk, structural risk, servicing/administrative risk, complexity risk and reputational risk.

KEY RELATIONSHIPS

Internal

• Group Risk Management
• Other product origination groups and senior management within RBC Capital Markets including GIB, DCM, Corporate Banking, Derivatives, etc.
• Relationship Managers/Investment Bankers
• Other members of Securitization Finance (global)

External

• Clients
• Servicers
• Rating Agencies
• Legal Firms
• Conduit Equity Provider
• Other Financial Institutions

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.