2027 Global Markets Summer Analyst, Origination - Delaware

Royal Bank of Canada • Wilmington, NC

6d • Onsite

About The Position

RBC Capital Markets is a premier investment bank providing a focused set of products and services to corporations, institutional investors, and governments globally. With over 7,100 professionals in 70 offices across 15 countries, we assist clients in over 100 countries with capital raising, market access, risk mitigation, and asset acquisition/disposal. We are consistently ranked among the largest global investment banks. Conduit Finance, within Origination, is a global business focused on underwriting, asset securitizing, liability management, and ABCP issuance execution to help clients raise funding in financial markets. The group collaborates with investment banking, derivatives, equity capital markets, and sales and trading globally. Conduit Finance offers internship opportunities for undergraduates through its Summer Analyst Program, a 10-week program providing in-depth, hands-on experience with experienced market professionals. We seek well-rounded individuals with strong academic achievement, attention to detail, ability to thrive in a multi-tasking environment, proven technical and analytical skills, and diverse extracurricular activities. Essential qualities include strong oral and written communication skills, leadership, initiative, and teamwork in a fast-paced, challenging environment.

Requirements

• Top grades in a four-year US college or university program (rising Junior or Senior status).
• Basic market knowledge and a demonstrated keen interest in capital markets.
• Strong quantitative, analytical, and communication skills.
• Extremely motivated and able to take initiative to identify ways to add value and improve practices.
• Problem-solving skills, business sense, and the ability to multi-task & prioritize in high-pressure environments.
• Positive attitude with willingness to perform beyond what is being asked.
• Proficient with Microsoft Word, Excel, PowerPoint, and Outlook.

Nice To Haves

• Basic understanding of financial mathematics and concepts.
• Technical knowledge of programming/coding languages.
• Knowledge of accounting and ability to interpret financial statements.
• Familiarity with Bloomberg.

Responsibilities

• Develop ideas and market insights to support the Conduit Finance team, focusing on the Conduit Funding team to support ABCP issuance and trading across RBC’s global issuance platform.
• Act as a junior trading analyst within Conduit Finance, gaining exposure to structuring and issuance of short-term ABCP structures in US and Canadian money markets.
• Work with clients to identify and convert future income streams (e.g., auto receivables, student loans, credit card receivables) into tradeable securities.
• Support daily ABCP issuance and funding for RBC’s 6 multi-seller conduit programs.
• Assist with daily issuance, pricing of CP, and liability management guidelines.
• Prepare term sheets and pricing supplements for structured CP note issuance.
• Create marketing pitch books for origination clients and ABCP investors.
• Conduct and present research to identify market trends on asset classes and peer issuers for business decisions.
• Support funding and structuring of live client securitization transactions.
• Work closely with senior bankers and traders to understand the business.

Benefits

• Direct exposure and hands-on experience including opportunities to do challenging work.
• Ability to make a difference and lasting impact.
• Opportunity to connect with different desks across Global Markets businesses, and RBC as a whole.
• Ability to work in a dynamic, collaborative, progressive, and high-performing team.
• Training including orientation sessions, an in-class curriculum, and regular information sessions with key business leaders.

What This Job Offers

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