Structurer, Counterparty Risk Trading (XVA Desk)

Job title:

Structurer, Counterparty Risk Trading (XVA Desk)

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionThe 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 globallyRunning of on desk processes related to pricing of derivatives and generation and management of XVA and MCAD risksWork closely with our sales and trading partners to ensure full understanding of inherent secondary risksRunning of processes to aid in collateral optimizationTo be an integral part of the strategic development of the desk through related project-based workIncrease the efficiency of the desk through improvements in tactical processesWork in partnership with other team members, Quant and IT teams to develop strategic tools supporting the desk and the broader enterpriseReview and comply with Firm policies applicable to your business activitiesWhat do you need to succeed?Must-have:Completed a university undergraduate degree with focus on engineering, mathematics, economics or equivalentSuperior communications skills, with ability to work well in a dynamic team environmentOperational experience within Capital MarketsNice to have:Knowledge of XVA/all aspects of derivative pricing including related aspects of regulations (Basel III, IV, etc.) in a front office contextKnowledge of collateral optimization in front office contextProgramming skills in VBA, Python, or similarExperience with Bloomberg or other trading floor systemsWhat’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 compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunity to liaise with internal trading desks, Quants, IT, risk management and PnL functions to ensure accurate CVA and FVA calculationWork on complex projects which will directly impact the Risk and PnL of the businessTo be an integral part of the strategic development of the desk through related project based workJob Skills Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, TeamworkAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: RegularPay Type: SalariedPosted Date: 2025-01-13Application Deadline: 2025-01-28Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Wed, 15 Jan 2025 04:57:51 GMT

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