Structurer, Resource Management Group
City : TORONTO, Ontario, Canada
Category : Customer Service | Client Advice | Sales
Industry : Financial/Banking
Employer : RBC
Come Work with Us!
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.
What is the opportunity?
As a professional working as part of the XVA Trading Desk within RBC’s Resource Management Group, you will bring your strong attention to detail, strong quantitative skills, advanced interpersonal and communication skills to the table as you build and maintain long-term relationships with clients and internal partners alike.
The XVA Desk within the Resource Management Group (RMG) is responsible for pricing the secondary counterparty related risks (CVA, FVA, KVA and ColVA) of all derivative asset classes globally, and managing the exotic hybrid trading book that results from these aspects of derivatives trades. As the complexity of pricing and managing derivatives continues to increase, RMG is looking to attract talented individuals to contribute to the development of the team and of RBC’s all around expertise in derivatives.
What will you do?
Pricing and/or hedging of XVAs for all derivate asset classes in RBC’s businesses globally
Work closely with our sales and trading partners to ensure full understanding of inherent secondary risks
Run on desk processes related to pricing and/or hedging of derivatives and generation and management of XVA risks
Increase the efficiency of the desk through improvements in tactical processes
Work in partnership with other RMG team members, Quant and IT teams to develop strategic tools supporting RMG and the broader enterprise
Proactively identify operational risks/control deficiencies in the business
Review and comply with Firm policies application 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 promptly
What do you need to succeed?
Completed a university undergraduate degree with focus on engineering, mathematics, economics or equivalent
Superior communications skills, with ability to work well in a dynamic team environment
Operational experience within Capital Markets
Nice to have:
Knowledge of XVA/all aspects of derivative pricing including related aspects of regulations (Basel III, IV, etc)
Programming skills in VBA, C++ or similar
Experience in Bloomberg or other trading floor systems
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.
Opportunity to liaise with internal trading desks, Quants, IT, risk management and PnL functions to ensure accurate CVA and FVA calculation
Work on complex projects which will directly impact the Risk and PnL of the business
To be an integral part of the strategic development of the desk through related project based work
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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.