What is the opportunity?

RBC Capital Markets, the investment banking arm of the Royal Bank of Canada, is a premier global investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. We are currently seeking a Securitization Finance Associate to join our trade receivables origination team and the position will be based in Wilmington, Delaware.

What will you do?

Securitization Finance transactions can be funded by multi-seller conduits that issue ABCP or other liabilities in the US, Canadian or European markets. The purpose of the conduit Origination staff is to market, structure and execute securitized transactions. This role will be primarily responsible for the following:

Origination & Structuring, Securitization

• Production of marketing materials for existing and target clients
• Provide data analysis, including statistical stratification of collateral portfolios, historical performance statistics, projection of future performance expectations, and derivation of expected case losses.
• Assist with preparation of materials and participate in the com-com (business approval) process
• Assist with client sponsorship review
• Prepare credit write-ups (Transaction Request) that contain transaction terms and conditions. Coordination of review and approval of Transaction Requests by Group Risk Management and the conduit equity provider (where applicable)
• Prepare RFPs and Information Memorandums, when applicable
• Conduct client, seller, servicer due diligence. Prepare due diligence report
• Assist with structuring of securitization transactions (primary role on some transactions)
• Work with client and attorneys to develop and negotiate transaction legal documentation
• Liaise with rating agencies to obtain rating agency approval of transactions
• Assist clients in developing custom, menu driven settlement reports designed specifically to meet the terms and conditions of each transaction, where applicable (Client’s Seller Report)
• Work with clients to assist in extracting historical portfolio information and build credit enhancement model for each transaction.
• Prepare and input required KME templates
• Prepare annual renewals of existing transactions
• Run transaction returns and optimize financial resources consumed
• Ongoing review and compliance of existing transaction performance (at least monthly)
• Prepare scope, review and comment on initial and annual transaction AUPs
• Help with maintenance of client relationships
• Other deal/client transaction maintenance as required
• 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 promptly. Failure to do so may subject you to disciplinary action, up to and including termination

What do you need to succeed?

Must Have

• Minimum of 4 years of relevant experience
• Ambitious individual with strong presentation skills
• Possess strong written and oral communication skills
• Ability to prioritize and effectively manage a large workload in a high pressure environment
• Ability to multi-task with little supervision
• Ability to inter-act effectively & establish good working relationships with other personnel within RBC Capital Markets and external clients
• High proficiency in Word, PowerPoint & Excel
• Detail oriented with strong quantitative and analytical skills
• Ability to review and interpret transaction legal documents

Nice to Have

• MBA in finance, economics, accounting or mathematics
• Experience with multiple asset classes
• Solid understanding of credit markets

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, 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 take on progressively greater accountabilities