Analyst, Hedge Fund Credit Coverage

4 weeks ago

Toronto, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

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?

  • Support the maintenance and management of the credit relationship of a diverse portfolio of Hedge Fund accounts.
  • Support the management of the complete credit onboarding process in support of RBCCM trading relationships (risk limits, regulatory, legal, compliance, tax, and operational matters).
  • Work with our Trading Documentation team to ensure proper trading documents are negotiated.
  • 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).
  • Prepare and submit trading line requests to relevant Business Heads for their support.
  • Continuous maintenance of accurate counterparty compliance reports including NAV and performance data.
  • Work with other ICCM team members to strategically address any and all counterparty credit concerns that may arise.
  • Provide monthly reporting on utilization, NAV triggers, Due Diligence meetings, etc.
  • 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.

What you need to succeed?

  • Undergraduate degree or higher.
  • 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.
  • Strong interpersonal skills and the ability to work effectively within a team environment.
  • Excellent communication, business development and relationship management skills.
  • Ability to prioritize work and manage multiple tasks while meeting time sensitive deadlines.
  • Financial accounting skills.
  • Strong analytical, technical, written and communication skills.
  • A general knowledge of Credit and Credit Risk.

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

Job Skills

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

Additional Job Details

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

Posted Date:

2024-10-29

Application Deadline:

2024-11-13

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.
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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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