Associate, Corporate Development

Royal Bank of Canada•New York, NY

9h•Onsite

About The Position

The Corporate Development team helps shape and execute RBC’s inorganic growth strategy, providing internal M&A advisory support and partnering with the CEO, Group Executives, and senior business executives on strategic priorities. The team has led high-profile initiatives, including RBC’s acquisitions of HSBC Bank Canada and Brewin Dolphin. The Associate supports a broad range of strategic initiatives globally across the Bank. The role includes assessing market trends and the competitive landscape; developing, evaluating, and executing mergers and acquisitions, divestitures, and joint ventures; and generating ideas in support of inorganic initiatives. It calls for a mix of strategic thinking and transaction execution, strong communication and presentation capabilities, critical thinking, and analytical rigor. The position is based in New York, with a stated workweek of 40 hours. It is a regular, full-time, salaried position. For New York/New Jersey, the stated good-faith expected salary range is $120,000–$190,000, depending on factors including experience, skills, registration status, market conditions, and business needs. The range excludes other total compensation, including discretionary bonus and benefits.

Requirements

University degree in Business, Finance, Economics, Math, Engineering, or a similar field.
Four years of experience in corporate finance or M&A, preferably within an M&A team at a financial services organization, investment bank, or accounting firm.
Advanced financial modeling skills, including valuation analysis.
Natural curiosity and keenness for learning and development.
Strong initiative to conduct comprehensive analysis that sparks idea generation.
Demonstrated experience preparing insightful presentation materials to assess market landscapes and potential target companies.
Understanding of the financial services sector and ability to lead research and analysis across various banking businesses.
Strong interpersonal and communication skills, with the ability to interact with senior people internally and externally.
Ability to express ideas clearly and concisely, orally and in writing.
Ability to be resourceful and solutions-focused.
Flexibility to adapt working hours to the situation required.

Nice To Haves

Experience in a matrix environment, such as a large, publicly traded corporation.
Advanced studies or credentials such as an MBA, CFA, CA, or CBV.
Global mindset and ability to work with people of different cultures and across time zones.

Responsibilities

Develop new and innovative ideas to encourage organizational discussion and debate about growth opportunities.
Work with senior Corporate Development colleagues to define and scope strategic initiatives and prepare business cases supported by financial and strategic analysis.
Collaborate and coordinate with business and functional teams to develop inorganic growth plans.
Foster collaboration and connectivity across RBC business units and functions through regular engagement and idea-generation sessions.
Work with the Corporate Venture Capital team to align efforts in advancing RBC’s inorganic growth agenda.
Generate strategic ideas and review acquisition and divestiture opportunities for strategic fit and value.
Prepare strategic analyses of potential growth areas for RBC.
Prepare financial analyses, including company forecasts, merger models, synergy and dis-synergy assessments, valuation analyses, and analyses of the impact of acquisitions and divestitures on RBC Group.
Assist in acquisition and divestiture execution, including transaction coordination, leading due diligence, and supporting deal negotiations.
Prepare analyses and recommendations on acquisition and divestiture projects for the Group Executive, Board of Directors, and other senior RBC members.
Interact with senior RBC business leaders, external advisors, counterparties, and target companies.
Monitor market developments and industry dynamics and assess their impact on the Bank.
Partner with Investor Relations, Finance, Law Group, and Enterprise Strategy on public disclosures related to inorganic initiatives.
Support valuation-related Enterprise initiatives, including annual goodwill impairment testing, recovery and resolution planning, and legal entity tax valuations, as required.
Provide support for other strategic initiatives and Bank projects as required.