Associate, Non-Traditional ABS Origination
Royal Bank of Canada, New York, NY, United States
ABS Banker
ABS banker responsible for supporting US ABS Origination transaction execution and assisting junior and 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. Support ABS bankers in creating, developing and presenting business ideas across Non-Traditional asset classes, taking lead in drafting initial versions of client presentations and pitch book materials and incorporating comments from junior and senior ABS bankers. Coordinate transaction execution across third parties (issuers, lawyers, rating agencies, accountants, trustees, etc.), review offering and transaction documents, prepare sales memos and internal approval documents, amongst other responsibilities. Interact with internal and external parties to ensure seamless execution on mandated transactions and coordinate the settlement of Non-Traditional ABS transactions. Collaborate with junior and senior ABS bankers and other internal parties on M&A and other strategic transactions where ABS is expected to play a role. Maintain 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. 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 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. The good-faith expected salary range for the above position is $165,000 - $185,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. 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. Appropriate licenses and registrations. Authority to transact on behalf of the firm. Multi-product and derivatives competent. Supports Non-Traditional ABS origination team within the broader ABS Origination and Global Spread Products businesses. Provide critical support to senior ABS bankers for client coverage. Regular coordination with ABS syndicate, ABS sales, ABS trading, ABS financing, Corporate Banking, Global Investment Banking and other internal stakeholders to deliver the best of RBC to our clients. Comfortable and effective multitasking in a fast-paced and pressure-filled trading floor environment with competing priorities and deadlines. Strong computer and analytical skills. Considerable attention to detail is required. Hours are unpredictable and as needed. Team and position are based in New York; some travel is expected. Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork.
ABS banker responsible for supporting US ABS Origination transaction execution and assisting junior and 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. Support ABS bankers in creating, developing and presenting business ideas across Non-Traditional asset classes, taking lead in drafting initial versions of client presentations and pitch book materials and incorporating comments from junior and senior ABS bankers. Coordinate transaction execution across third parties (issuers, lawyers, rating agencies, accountants, trustees, etc.), review offering and transaction documents, prepare sales memos and internal approval documents, amongst other responsibilities. Interact with internal and external parties to ensure seamless execution on mandated transactions and coordinate the settlement of Non-Traditional ABS transactions. Collaborate with junior and senior ABS bankers and other internal parties on M&A and other strategic transactions where ABS is expected to play a role. Maintain 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. 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 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. The good-faith expected salary range for the above position is $165,000 - $185,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. 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. Appropriate licenses and registrations. Authority to transact on behalf of the firm. Multi-product and derivatives competent. Supports Non-Traditional ABS origination team within the broader ABS Origination and Global Spread Products businesses. Provide critical support to senior ABS bankers for client coverage. Regular coordination with ABS syndicate, ABS sales, ABS trading, ABS financing, Corporate Banking, Global Investment Banking and other internal stakeholders to deliver the best of RBC to our clients. Comfortable and effective multitasking in a fast-paced and pressure-filled trading floor environment with competing priorities and deadlines. Strong computer and analytical skills. Considerable attention to detail is required. Hours are unpredictable and as needed. Team and position are based in New York; some travel is expected. Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork.