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Form of workJob Summary
Job Description
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 ReportingAdditional Job Details
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Inclusion and Equal Opportunity Employment
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