Vice President, Non-Traditional ABS Origination

Royal Bank of CanadaNew York, NY
1d$225,000Onsite

About The Position

PURPOSE ABS banker responsible for supporting US ABS Origination transaction execution and assisting senior ABS bankers with client coverage across Non-Traditional ABS asset classes Critical execution and ideas-generating role to drive continued growth of Non-Traditional ABS origination across new and existing clients and asset classes PRINCIPAL RESPONSIBILITIES Support ABS bankers in creating, developing and presenting business ideas across Non-Traditional asset classes, taking lead in planning and drafting initial versions of client presentations and pitch book materials and incorporating comments from senior ABS bankers Lead transaction execution by coordinating third parties (issuers, lawyers, rating agencies, accountants, trustees, etc.), review offering and transaction documents, overseeing preparation of sales memos and internal approval documents, amongst other responsibilities Interact with internal and external parties to ensure seamless execution on mandated transactions and oversee the settlement of Non-Traditional ABS transactions Collaborate closely with senior ABS bankers and other internal parties on M&A and other strategic transactions where ABS is expected to play a role Advise junior staff on maintenance of internal databases of market data, including spreads/yields, deal pricing details, trading data, league tables, etc. 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

Requirements

  • College graduate with history of strong academic performance
  • Series 7, 63 and 79 (will be required within a reasonable time after joining if not currently held)
  • Experience developing pitch books for ABS issuers
  • 4-6+ years’ work experience executing securitization transactions

Nice To Haves

  • Ambition, eagerness and curiosity to learn and develop new opportunities
  • 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

  • Support ABS bankers in creating, developing and presenting business ideas across Non-Traditional asset classes, taking lead in planning and drafting initial versions of client presentations and pitch book materials and incorporating comments from senior ABS bankers
  • Lead transaction execution by coordinating third parties (issuers, lawyers, rating agencies, accountants, trustees, etc.), review offering and transaction documents, overseeing preparation of sales memos and internal approval documents, amongst other responsibilities
  • Interact with internal and external parties to ensure seamless execution on mandated transactions and oversee the settlement of Non-Traditional ABS transactions
  • Collaborate closely with senior ABS bankers and other internal parties on M&A and other strategic transactions where ABS is expected to play a role
  • Advise junior staff on maintenance of internal databases of market data, including spreads/yields, deal pricing details, trading data, league tables, etc.
  • 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
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