Analyst, Hedge Fund Credit Coverage

Job Description

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 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 risk appetite, while serving as a primary point of engagement with clients.

• Timely preparation of transaction requests in support of RBCCM credit intensive trading activities with global hedge fund managers on behalf of the funds they manage
• Support the maintenance and management of the credit relationship of a diverse portfolio of Hedge Fund accounts.
• Work with and advise product partners on the optimal amount of trading credit required to meet our strategic objectives with each client relationship.
• Support the management of the complete credit onboarding process in support of RBCCM trading relationships (risk limits, regulatory, legal, compliance, tax, and operational matters).
• Prepare and submit trading line requests to relevant Business Heads for their support.
• Participate in and create call memos for annual credit Due Diligence meetings.
• Work with our Trading Documentation team to ensure proper trading documents are negotiated.
• Continuous maintenance of accurate counter party compliance reports including NAV and performance data.
• Work with other ICCM team members to strategically address any and all counter party credit concerns that may arise.
• Understand and apply securities regulations governing hedge funds, mutual funds, pension funds and other institutional counter parties.

Must have’s:

• Undergraduate degree or higher
• Minimum 1-3 years of experience in financial services
• A general knowledge of Credit and Credit Risk
• Excellent written and verbal communication skills
• Ability to work in an interactive team environment
• Strong general PC skills and demonstrated capability to learn key internal systems
• 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.

• Working towards MBA, CFA, CA, or other relevant professional designation

• 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.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Address:

ROYAL BANK PLAZA, 200 BAY ST:

TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Pay Range:

$75,000.00 - $

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate’s experience, skills, registration status, performance, individual goals, market conditions, and business needs. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable. You have the potential to earn RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.