Analyst, Hedge Fund Credit Coverage

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Analyst, Hedge Fund Credit Coverage

What is the opportunity?

The Hedge Funds team within ICCM is responsible for managing RBC’s credit relationships with Hedge Fund managers. The incumbent will partner with all of RBC Capital Market’s trading desks to ensure optimization of credit appetite, the use of trading lines and maximize revenue with Hedge Fund managers. The role is client facing, and includes the responsibility for ensuring the necessary support for trading desks to meet their established targets for growing revenues with Hedge Fund managers within RBC’s appetite for credit exposure and risk.

What will you do?

• Work with other ICCM team members to strategically address any and all counterparty credit concerns that may arise.
• Prepare credit requests with the related documentation required as part of Risk Management approval process (amendments, trading lines, and periodic single name strategy exposure reviews).
• Create call memos for annual / bi-annual credit Due Diligence meetings.
• Work with and advise product partners on the optimal amount of trading credit required to meet our strategic objectives with each client relationship.
• Understand and apply securities regulations governing hedge funds, mutual funds, pension funds and other institutional counterparties.
• Continuous maintenance of accurate counterparty compliance reports including NAV and performance data.
• Work with our Trading Documentation team to ensure proper trading documents are negotiated.
• Prepare and submit trading line requests to relevant Business Heads for their support.
• Support the management of the complete credit onboarding process in support of RBCCM trading relationships (risk limits, regulatory, legal, compliance, tax, and operational matters).
• Support the maintenance and management of the credit relationship of a diverse portfolio of Hedge Fund accounts.
• Provide monthly reporting on utilization, NAV triggers, Due Diligence meetings, etc.

What you need to succeed?

• Strong analytical, technical, written and communication skills.
• Strong interpersonal skills and the ability to work effectively within a team environment.
• A general knowledge of Credit and Credit Risk.
• Excellent communication, business development and relationship management skills.
• Ability to prioritize work and manage multiple tasks while meeting time sensitive deadlines.
• An understanding of credit risks associated with Hedge Funds and the trading products they use.
• A basic knowledge of hedge funds and the different strategies they employ.
• A general understanding of Capital Markets products base and the application thereof.
• Undergraduate degree or higher.
• Financial accounting skills.

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.

• Work in a dynamic, collaborative, progressive, and high-performing team
• Leaders who support your development through coaching and managing opportunities
• Flexible work/life balance options
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Opportunities to do challenging work

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-05-31

Application Deadline:

2023-06-14

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.