The level of the position (Analyst/Associate/Vice President) will be determined based on the candidate's experience and qualifications.

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?

Must-have:

• 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, Python, 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

Job Skills

Bond Trading, Communication, Critical Thinking, Detail-Oriented, Futures Markets, Market Risk, Options Analysis, System Applications, Trade Client Reporting

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeCapital MarketsRegularSalaried2024-04-102024-04-24