Bank Loan Finance Desk Analyst

RBC • New York, NY

2d • $135,000 - $165,000 • Onsite

About The Position

What Will You Do? The role will initially be responsible for booking loan trades that hedge our Total Return Swaps (TRS) to clients as well as booking/updating the TRS, which is mostly done in Excel with macros. The candidate will also be responsible for reconciling/confirming positions, tracking and resolving margin disputes and booking loan hedge accrual resets. Candidate will also participate in migrating the bookings from spreadsheets to a strategic booking solution to automate: Desk PnL, downstream Market and counterparty risks, Settlements and accounting. Additionally, the candidate will assist with internal presentations and approvals for both TRS and SPV Financing structures and support senior desk member with financing asset level approvals received from clients. Skill Set: Self-Starter Knowledge of trading markets, derivatives, credit/loan markets a plus Strong technology skills Knowledge of RBC support teams processes (Market Risk, Credit Risk, Counterparty Credit Risk, Product Control, Ops) Understanding and interest in fundamental credit analysis a plus WHAT'S IN IT FOR YOU? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. 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 The good-faith expected salary range for the above position is $135,000 - $165,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range 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 AUTHORITIES, IMPACT, RISK 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 KEY RELATIONSHIPS 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 WORKING CONDITIONS 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 Hours are unpredictable and as needed Team and position are based in New York; some travel is expected

Requirements

• Self-Starter
• Knowledge of trading markets, derivatives, credit/loan markets a plus
• Strong technology skills
• Knowledge of RBC support teams processes (Market Risk, Credit Risk, Counterparty Credit Risk, Product Control, Ops)
• Understanding and interest in fundamental credit analysis a plus
• 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
• 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
• Hours are unpredictable and as needed
• Team and position are based in New York; some travel is expected
• Adaptability
• Critical Thinking
• Customer Service
• Detail-Oriented
• Financial Engineering
• Financial Statement Analysis
• Investments Analysis
• Personal Development
• Personal Initiative
• Teamwork

Responsibilities

• booking loan trades that hedge our Total Return Swaps (TRS) to clients
• booking/updating the TRS, which is mostly done in Excel with macros
• reconciling/confirming positions
• tracking and resolving margin disputes
• booking loan hedge accrual resets
• participating in migrating the bookings from spreadsheets to a strategic booking solution to automate: Desk PnL, downstream Market and counterparty risks, Settlements and accounting
• assisting with internal presentations and approvals for both TRS and SPV Financing structures
• supporting senior desk member with financing asset level approvals received from clients
• 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

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
• 401(k) program with company-matching contributions
• health, dental, vision, life and disability insurance
• paid time-off plan

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed