Associate / Vice President – Consumer ABS Securitization Finance

RBC • New York, NY

17d • $125,000 - $200,000 • Onsite

About The Position

What is the Opportunity? The purpose of the Securitization Finance Associate/Vice President role is to market, structure and execute securitized transactions for RBC’s clients. The Securitization Finance team provides high quality products and services for RBC’s clients while generating a material source of revenue, favorable risk/return profile, cross-selling opportunities and client impact for RBC. What will you do?

Requirements

• Undergraduate degree in finance, economics, engineering or mathematics preferred but not required
• 1+ years of direct experience gained in the Securitization team of a financial institution, Rating Agency, law firm or issuing client preferred but not required
• Series 7, 63 and 79 (will be required within a reasonable time after joining if not currently held)

Nice To Haves

• College graduate with history of strong academic performance
• Strong Excel and PowerPoint skills
• Experience developing pitch books for ABS issuers
• Experience executing ABS transactions (Consumer asset classes)
• Ambition, eagerness and curiosity to learn and develop new asset classes
• Solutions-oriented approach to issues and problems
• Energetic self-starter who functions well in fast-paced, team-oriented environment
• Willingness to work closely with and learn from both senior and junior team members

Responsibilities

• Prepare marketing materials for existing and target clients
• Assist with client sponsorship review
• Provide data analysis, including statistical stratification of collateral portfolios, historical performance statistics, projection of future performance expectations, and derivation of expected case losses
• Prepare credit write-ups (Transaction Request) for the required credit (GRM), business (ComCom), and Rating Agency approvals
• Prepare annual renewals of existing ABCP and on balance sheet transactions
• Liaise with Rating Agencies to obtain approval for securitization transactions
• Participate in client due diligence sessions and prepare diligence write-ups
• Prepare necessary materials for transaction amendments
• Help clients and Middle Office develop settlement reports that meet the terms and conditions of each transaction
• Prepare Seller Reports and require KME templates
• Proactively identify operational risks / control deficiencies in the business
• Review and comply with Firm Policies applicable to your business activities
• Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level