Associate/ Vice President, Asset Backed Securities Structuring
About The Position
The Associate/Vice President, Asset Backed Securities Structuring develops and uses existing models to structure term asset-backed securities (ABS) transactions across asset classes. The role involves working with rating agencies to obtain transaction ratings, coordinating structural tie-outs with accountants, reviewing transaction documents and providing feedback, and supporting deal marketing by discussing transactions with and educating the salesforce. The position also provides analytical support and structural proposals for pitch books, presentations, and RFPs, and maintains and enhances internal modeling tools. It supports asset valuations and trade analyses for securitization and other business opportunities. The role includes identifying operational risks and control deficiencies, complying with applicable Firm Policies, and promptly escalating operational risk loss events, control deficiencies, and identified risks to the line manager and relevant risk and control functions. The position is based at Brookfield Place, 200 Vesey Street, New York, and is a regular, salaried, full-time role with a 40-hour workweek. The expected salary is $165,000–$225,000, depending on experience, skills, registration status, market conditions, and business needs. Additional compensation may be available through RBC’s discretionary variable compensation program, subject to business and individual performance.
Requirements
- At least 4 years of Asset Backed Securities or related experience.
- Familiarity with Term and Conduit ABS products, including non-traditional asset classes.
- Bachelor’s degree and a history of strong academic performance.
- Series 7, 63, and 79 licenses.
- Previous transaction execution experience across various asset classes.
- Self-starter able to function well in a fast-paced, team-oriented environment.
- Ability to multitask and meet tight deadlines.
- Solution-oriented approach 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 use existing models to structure term ABS transactions across asset classes.
- Work with rating agencies to obtain ratings for transactions.
- Tie out transaction structures with accountants.
- Review transaction documents and provide feedback.
- Support deal marketing by discussing transactions with and educating the salesforce.
- Provide analytical support and structural proposals for pitch books, presentations, and RFPs.
- Maintain and enhance internal modeling tools.
- Assist with asset valuations and trade analyses for securitization and other business opportunities.
- Proactively identify operational risks and control deficiencies.
- Review and comply with Firm Policies applicable to business activities.
- Promptly escalate operational risk loss events, control deficiencies, and identified risks to the line manager and relevant risk and control functions.
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.
- Opportunity to make a difference and lasting impact.
- Dynamic, collaborative, progressive, high-performing team.
- Challenging work.
- Opportunities to build close client relationships.
- Potential discretionary variable compensation, subject to business performance targets and individual goals.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
