Credit Derivatives Trade Support

What is the opportunity?

In this role, you will focus on supporting the New York based CDX Market Making desk as a Credit Derivatives Trade Support Associate. You will gain a deep understanding of macro financial markets to provide support to the Market Making Desk. We strive to provide best-in-class trade execution to RBC's investment professionals and the highest degree of white-glove service to our clients.

What will you do?

• Day-to-day emphasis is on support of complex transactions in the Euro Credit Derivative product family (North American Single Name CDS, CDX IG/HY, CDX Swaptions) & equity derivative hedging - where product proficiency is required to interpret economics, understand guidelines, and develop processes.
• Gain an overall understanding of macroeconomic market trends in the credit space and leading factors to credit index, options, and single name movement.
• Enhance trades, monitor trader books, and scrutinize all positions to ensure they are booked accurately / flowing downstream as expected.
• Help develop fine-tuned procedures to recognize potential risk areas and prevent trade or operational errors.
• Work directly to support and learn from the Trading Desk with years of industry expertise.
• Maintain client relationships; ability to relay information to & from trading counterparties quickly and accurately.
• Act as main liaison between Front Office and Legal, Regulatory Reporting, Technology, Settlements and Back Office teams to resolve any trade booking and settlement issues.
• Utilize Bloomberg terminal to monitor positions, PnL, trade details, and communication with desk.

What do you need to succeed?

Must-have

• 2 to 3 years of experience
• Exceptional attention to detail.
• Ability to manage multiple tasks and deadlines in a fast-paced environment.
• Driven attitude to help create efficiencies within current processes and lead projects.
• Display clear and concise communications skills.
• Demonstrate strong analytical and technical skills.
• Aptitude to develop relationship cooperatively with all levels of the team.
• Technical proficiency in Excel
• Understanding on FIX and Bond Market

Nice-to-have

• Experience with Credit Derivative products and the resulting trade life-cycle processes - i.e. Credit Events, Succession Events, CDX Option Exercise, Novations, Terminations, Clearing, etc.
• Knowledge or Regulatory Requirements within derivative trading landscape - i.e. Dodd Frank, EMIR, MiFID II, PTMM, etc.
• Technical proficiency in financial systems and exchanges: Bloomberg Terminal, Murex, DTCC TradeServ, ICE Clear Credit, LCH CDSClear

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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 build close relationships with clients.

The expected salary range for this particular position is $85,000 - $135,000 USD, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.