Associate, Hedge Fund Credit Coverage

RBC • Toronto, ON

6d • CA$90,000 - CA$135,000 • Onsite

About The Position

The Hedge Funds team within ICCM is responsible for managing RBC’s credit relationships with Hedge Fund managers. The incumbent will partner with all of RBC Capital Market’s trading desks to ensure optimization of credit appetite, the use of trading lines and maximize revenue with Hedge Fund managers. The role includes the responsibility for ensuring the necessary support for trading desks to meet their established targets for growing revenues with Hedge Fund managers within RBC's risk appetite, while serving as a primary point of engagement with clients.

Requirements

• Honours, B.A. or B. Comm.
• Minimum 3-5 years of experience in financial services
• Strong financial risk analysis and/or accounting skills
• Ability to prioritize work and manage competing demands
• Excellent written and verbal communication skills
• Familiarity with the RBC Capital Markets credit process and trading agreements
• Ability to work in an interactive team environment
• Strong general PC skills and demonstrated capability to learn key internal systems
• An understanding of credit risks associated with Hedge Funds and the trading products they use.
• A basic knowledge of hedge funds and the different strategies they employ.

Nice To Haves

• Academic background with a combination of master’s level accreditation: usually an MBA, CFA, CA, other professional designation or relevant work experience

Responsibilities

• Timely preparation of transaction requests in support of RBCCM credit intensive trading activities with global hedge fund managers on behalf of the funds they manage
• Support the maintenance and management of the credit relationship of a diverse portfolio of Hedge Fund accounts.
• Work with and advise product partners on the optimal amount of trading credit required to meet our strategic objectives with each client relationship.
• Support the management of the complete credit onboarding process in support of RBCCM trading relationships (risk limits, regulatory, legal, compliance, tax, and operational matters).
• Prepare and submit trading line requests to relevant Business Heads for their support.
• Participate in and create call memos for annual credit Due Diligence meetings.
• Work with our Trading Documentation team to ensure proper trading documents are negotiated.
• Continuous maintenance of accurate counterparty compliance reports including NAV and performance data.
• Work with other ICCM team members to strategically address any and all counterparty credit concerns that may arise.
• Understand and apply securities regulations governing hedge funds, mutual funds, pension funds and other institutional counterparties.

Benefits

• bonuses
• flexible benefits
• competitive compensation
• commissions
• stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree