2027 Capital Markets, Municipal Finance Summer Analyst

Royal Bank of CanadaNew York, NY
$100,000Onsite

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. RBCCM’s Municipal Finance Department offers investment banking solutions to a wide range of public sector entities, including states, cities, universities, nonprofits, utilities, hospitals, and housing authorities. We are a top 5 underwriter of municipal debt and serve major clients in the industry. The Summer Analyst Program invites high-performing rising seniors for a 10-week program to gain a realistic view of municipal finance by working on various transactions and development initiatives. Analysts will build foundational skills in financial problem-solving, negotiation, and execution, while also gaining experience in marketing the firm’s products and services.

Requirements

  • Undergraduate students entering their final year of study at an accredited four-year college or university, graduating in Spring 2028 or December 2027.
  • Outstanding quantitative and qualitative analytical skills; strong knowledge of finance and accounting preferred.
  • Familiarity with computer applications such as MS Outlook, Word, and Excel.
  • Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment.
  • Value and possess strong competency in the following behaviors: Collaboration, Relationship Building, Communication, Integrity and Operating with Diverse and Inclusive Mindset.
  • Well-rounded set of interests and extra-curricular activities beyond academics.

Responsibilities

  • Provides analytical, research, and transactional support to investment bankers in all departmental work activities relating to the structuring and issuance of municipal bonds, and/or related financial advisory services.
  • Prepares cash flow projections and related financial analyses for potential and actual capital markets transactions.
  • Gathers, organizes, and analyzes information necessary to prepare proposals, client presentations, offering statements, and marketing materials.
  • Assists in the preparation of proposals for prospective clients, describing in detail financing alternatives, originating, structuring, and marketing an issue, and our ability to perform the underwriting functions capably.
  • Enhances the department’s use and knowledge of available information pertaining to the municipal capital markets by collecting, organizing, and maintaining various marketing materials and information resources.
  • Coordinates the various activities, both internal and external, relating to pricing and settlement of debt transactions.
  • Performs other job-related duties as assigned.

Benefits

  • An understanding of the economic, political and industry-specific forces influencing the financing of public sector endeavors.
  • The support of experienced mentors.
  • An opportunity to network and discuss career opportunities through social events.
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