Associate - Single Stocks STP Trader, RBC Capital Markets, LLC, New York, NY
About The Position
Associate - Single Stocks STP Trader, RBC Capital Markets, LLC, New York, NY: Maximize the capture and retention of sales credit and client value within the Single Stocks STP books in the US, both for single and multi-stock transactions. Timely price sales requests, minimizing unexplained P&L, and maintain control over P&L volatility. Review and minimize discrepancies between desk P&L and daily financial reporting figures, while consistently updating parameters such as volatility, dividends, and correlation, and effectively maintain reserves. Ensure that books remain within Group Risk Management (GRM) and desk-appointed limits, as well as product mandates, while proactively anticipating any potential over-limits by seeking pre-approval from both management and GRM. Recycle client business risks internally whenever possible and minimize operational losses resulting from trading actions. Collaborate with Front Office BT to refine and maintain the existing technology platform, as well as develop a trading and risk platform across various business lines and regions. #LI-DNI Full time employment, Monday – Friday, 40 hours per week, $165,000.00 per year. MINIMUM REQUIREMENTS: Must have a Master’s degree or foreign equivalent in Mathematics, Statistics, Economics, Computer Science, Finance, or related field and 2 years of related work experience. Must have 2 years of experience in: Options knowledge including different type of derivatives, from vanilla options such as Calls or Puts to complex options such as Quanto, barrier, basket, or Worst of; Risk management of a complex structured product book; Pricing different type of structured products; Different models used to price and risk manage structured notes; Coding with Python to build and enhance tools; and, Managing big datasets to help improve risk management processes. Must have Securities Industry Essentials (SIE) certification. The base salary for this job is $165,000.00 per year. This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. 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 TO APPLY: Please click “Apply Now” Button
Requirements
- Must have a Master’s degree or foreign equivalent in Mathematics, Statistics, Economics, Computer Science, Finance, or related field and 2 years of related work experience.
- Must have 2 years of experience in: Options knowledge including different type of derivatives, from vanilla options such as Calls or Puts to complex options such as Quanto, barrier, basket, or Worst of; Risk management of a complex structured product book; Pricing different type of structured products; Different models used to price and risk manage structured notes; Coding with Python to build and enhance tools; and, Managing big datasets to help improve risk management processes.
- Must have Securities Industry Essentials (SIE) certification.
Responsibilities
- Maximize the capture and retention of sales credit and client value within the Single Stocks STP books in the US, both for single and multi-stock transactions.
- Timely price sales requests, minimizing unexplained P&L, and maintain control over P&L volatility.
- Review and minimize discrepancies between desk P&L and daily financial reporting figures, while consistently updating parameters such as volatility, dividends, and correlation, and effectively maintain reserves.
- Ensure that books remain within Group Risk Management (GRM) and desk-appointed limits, as well as product mandates, while proactively anticipating any potential over-limits by seeking pre-approval from both management and GRM.
- Recycle client business risks internally whenever possible and minimize operational losses resulting from trading actions.
- Collaborate with Front Office BT to refine and maintain the existing technology platform, as well as develop a trading and risk platform across various business lines and regions.
Benefits
- a discretionary bonus
- a 401(k) program with company-matching contributions
- health, dental, vision, life and disability insurance
- paid time-off plan
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
