Bank Loan Finance Desk Analyst
About The Position
The Bank Loan Finance Desk Analyst role is responsible for booking loan trades that hedge Total Return Swaps (TRS) to clients, and for booking/updating TRS, primarily using Excel with macros. The position also involves reconciling/confirming positions, tracking and resolving margin disputes, and booking loan hedge accrual resets. A key aspect of the role will be participating in the migration of bookings from spreadsheets to a strategic booking solution to automate desk PnL, downstream settlements and accounting, and market and counterparty risks. Additionally, the candidate will assist with internal presentations and approvals for TRS and SPV Financing structures, and support senior desk members with financing asset level approvals from clients.
Requirements
- Self-Starter
- Strong technology skills
- Knowledge of RBC support teams processes (Market Risk, Credit Risk, Counterparty Credit Risk, Product Control, Ops)
- Comfortable and effective multitasking in a fast-paced and pressure-filled trading floor environment with competing priorities and deadlines
- Strong computer and analytical skills
- Considerable attention to detail is required
- Appropriate licenses and registrations
- Authority to transact on behalf of the firm
- Multi-product and derivatives competent
- Supports Non-Traditional ABS origination team within the broader ABS Origination and Global Spread Products businesses
- Provide critical support to senior ABS bankers for client coverage
- Coach and mentor junior Analysts and Associates for transaction/pitch execution and to foster growth
- Regular coordination with ABS syndicate, ABS sales, ABS trading, ABS financing, Corporate Banking, Global Investment Banking and other internal stakeholders to deliver the best of RBC to our clients
Nice To Haves
- Knowledge of trading markets, derivatives, credit/loan markets
- Understanding and interest in fundamental credit analysis
Responsibilities
- Booking loan trades that hedge Total Return Swaps (TRS) to clients.
- Booking/updating TRS, primarily using Excel with macros.
- Reconciling/confirming positions.
- Tracking and resolving margin disputes.
- Booking loan hedge accrual resets.
- Participating in migrating bookings from spreadsheets to a strategic booking solution to automate desk PnL, downstream settlements and accounting, and market and counterparty risks.
- Assisting with internal presentations and approvals for TRS and SPV Financing structures.
- Supporting senior desk members with financing asset level approvals received from clients.
Benefits
- bonuses
- flexible benefits
- competitive compensation
- commissions
- 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
- discretionary bonus
- 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
Entry Level
Education Level
No Education Listed
