Associate, Equity Derivatives Structurer

RBC•New York, NY

1d•$165,000 - $200,000

About The Position

RBC Capital Markets is seeking an Associate Equity Derivative Structurer to join its Structuring team within the Global Equity Derivatives franchise. The role involves designing, pricing, and supporting the development of structured equity products and exotic derivatives, in collaboration with traders, sales teams, and quantitative specialists. It combines client-focused product development and structured product engineering, requiring technical expertise and commercial judgment. The successful candidate will support product pricing and development, collaborate with North American sales teams and institutional clients, and help identify structuring opportunities in changing market conditions. The role also contributes to pricing competitiveness analysis, process automation, model and tool enhancements, and governance and workflow improvements across the structuring desk.

Requirements

Proven experience as an equity derivatives structurer at a major investment bank, with a strong focus on light exotics and structured products.
In-depth technical knowledge of equity derivative payoffs, including autocallables, barrier options, worst-of, best-of, lookback, cliquet, variance swaps, correlation swaps, covariance structures, and digital structures.
Strong quantitative and analytical background, typically with a degree in Mathematics, Physics, Engineering, Financial Engineering, or a related quantitative discipline.
Excellent client-facing skills and a track record of structuring and presenting derivative solutions to investors.
Strong proficiency in Python and familiarity with pricing libraries, Monte Carlo simulation, and risk analytics platforms.
Commercially driven mindset and ability to balance innovation with pragmatism, delivering trades that benefit clients and the desk.

Nice To Haves

Hands-on experience developing technology infrastructure, automation frameworks, and process optimization in financial environments.
Experience structuring risk recycling trades and working with trading teams to identify and monetize inventory risk through client-facing solutions.
Familiarity with structured product distribution across North America, especially US private bank and insurance channels, and awareness of wrapper-specific requirements.
Knowledge of ISDA documentation, CSA terms, and the operational lifecycle of structured derivatives trades.
CFA, FRM, or equivalent professional qualifications.

Responsibilities

Price equity derivative products, including autocallables, barrier notes, range accruals, knockout structures, and cliquet features.
Understand existing pricing models and develop new payoffs and pricing frameworks for exotic structures; conduct sensitivity analysis and stress testing across market scenarios.
Work with the trading desk on pricing, hedging feasibility, and risk assessment for new structured products, ensuring proposed trades are executable and aligned with desk risk appetite.
Partner with sales teams across North America, with a US focus, to understand client needs, propose structuring ideas, and support origination with trade proposals, term sheets, and marketing materials.
Engage with institutional clients, including asset managers, private banks, insurance companies, and corporates, to present structured products, respond to enquiries, and build relationships.
Produce marketing materials, payoff and scenario analyses, and back-tests for client discussions and internal approvals.
Monitor market conditions, volatility surfaces, correlation dynamics, and product trends to identify structuring opportunities and anticipate client demand.
Lead and support global analysis of pricing competitiveness across equity derivative markets, identifying opportunities, competitive gaps, and pricing strategies.
Contribute to automation initiatives that streamline structuring processes, reduce manual work, and improve operational scalability.
Collaborate with quantitative analysts, technology teams, and index specialists on model validation, pricing tool enhancements, governance frameworks, and workflow improvements.

Benefits

Competitive compensation and flexible benefits.
401(k) program with company-matching contributions.
Health insurance.
Dental insurance.
Vision insurance.
Life insurance.
Disability insurance.
Paid time off.
Coaching and management opportunities to support development.
Opportunities to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to do challenging work and build close client relationships.
Potential to earn additional discretionary variable compensation based on business performance and individual goals.