Job Summary

Job Description

The level of the position (Analyst/Associate) 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 Treasury Services 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 is responsible for trading, structuring and pricing the second-order counterparty related risks (CVA, FVA, KVA and ColVA) of all derivative asset classes globally. XVA desk is also responsible for derivatives collateral optimization for both Variation Margin, CCP initial margin and regulatory margin.   As the complexity of pricing and managing derivatives continues to increase, XVA desk 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 derivative asset classes in RBC’s businesses globally

Running of on desk processes related to pricing of derivatives and generation and management of XVA and MCAD risks

Work closely with our sales and trading partners to ensure full understanding of inherent secondary risks

Running of processes to aid in collateral optimization

To be an integral part of the strategic development of the desk through related project-based work

Increase the efficiency of the desk through improvements in tactical processes

Work in partnership with other team members, Quant and IT teams to develop strategic tools supporting the desk and the broader enterprise

Review and comply with Firm policies applicable to your business activities

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.) in a front office context

Knowledge of collateral optimization in front office context

Programming skills in VBA, Python, or similar

Experience with 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.

A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation

Leaders who support your development through coaching and managing opportunities

Work in a dynamic, collaborative, progressive, and high-performing team

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

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:

2025-01-13

Application Deadline:

2025-01-28

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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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