Structurer, Counterparty Risk Trading (Xva Desk)

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

Additional Job Details

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