Associate, ABS Structuring

Royal Bank of Canada • New York, NY

20h • $160,000 - $200,000

About The Position

What will you do? Develop and utilize existing models to structure term ABS transactions across all asset classes, interact with the rating agencies to obtain ratings for transactions, tie-out structures with accountants, review and provide feedback on the transaction documents, support the deal marketing process by discussing and educating salesforce. Provide analytical support and structural proposals for pitch books/presentations/RFPs and maintain and enhance our internal modeling tools. Assist in asset valuations and trade analyses for both securitization purposes as well as other business opportunities. 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. What do you need to succeed? 5+ years of ABS or related banking experience Bachelor’s degree with history of strong academic performance Series 7, 63 & 79 licenses Familiarity with both Term and Conduit ABS products Previous transaction execution experience across various asset classes Self-starter that functions well in fast-paced, team-oriented environment Ability to multi-task and meet tight deadlines Solution oriented approach to issues and strong problem-solving skills Strong programming, excel spreadsheet and some PowerPoint skills Fluency in ABS documents and related criteria Fluency in excel with VBA code, Intex and CAS 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 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 particular position is $160,000 - $200,000, 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

Requirements

• 5+ years of ABS or related banking experience
• Bachelor’s degree with history of strong academic performance
• Series 7, 63 & 79 licenses
• Familiarity with both Term and Conduit ABS products
• Previous transaction execution experience across various asset classes
• Self-starter that functions well in fast-paced, team-oriented environment
• Ability to multi-task and meet tight deadlines
• Solution oriented approach to issues and strong problem-solving skills
• Strong programming, excel spreadsheet and some PowerPoint skills
• Fluency in ABS documents and related criteria
• Fluency in excel with VBA code, Intex and CAS

Responsibilities

• Develop and utilize existing models to structure term ABS transactions across all asset classes
• Interact with the rating agencies to obtain ratings for transactions
• Tie-out structures with accountants
• Review and provide feedback on the transaction documents
• Support the deal marketing process by discussing and educating salesforce
• Provide analytical support and structural proposals for pitch books/presentations/RFPs
• Maintain and enhance our internal modeling tools
• Assist in asset valuations and trade analyses for both securitization purposes as well as other business opportunities
• 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

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees