Director – Credit Derivatives Trading, RBC Capital Markets, LLC, New York, NY
Top Benefits
About the role
RBC Capital Markets is looking for a Primary Trader to manage our CDX Options book. Price and trade CDX Options utilizing mathematical models and leveraging strong relationships with RBC clients in partnership with the RBC salesforce. Effectively manage the risk associated with CDX Options, leveraging option Greeks: Delta, Gamma, Vega, Theta, Rho, and Charm. Develop desk tools, employing Excel modeling and VBA code, to manage risk, track positioning, and calculate P&L. Overseeing quantitative work for Options Pricing and Options Risk Management, and performing PNL decomposition and risk-based reconciliation.
Full time employment, Monday - Friday, 40 hours per week. $292,427 per year.
MINIMUM REQUIREMENTS:
Must have a bachelor’s degree or foreign equivalent in Mathematics, Computer Science, Mathematical Finance, or related field, and 8 years of related work experience, of which 5 years are progressive post-baccalaureate related work experience.
Alternatively, the employer will accept a master's degree or foreign equivalent in Mathematics, Computer Science, Mathematical Finance, or related field, and 5 years of related work experience.
Must have 5 years of experience in each of the following:
-
Credit Derivatives Trading;
-
Options Trading and Greeks Management;
-
Quantitative model development experience / Coding; and
-
Trading tools and trade workflows (Bloomberg, ION, Murex). Must have 3 years of experience in the following:
-
Electronic market making (CDX Index); and
-
Interacting with macro credit clients. Employer will accept any suitable combination of education, training, or experience.
TO APPLY: Please click “Apply Now” Button
The base salary for this job is $292,427 per year. This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Director – Credit Derivatives Trading, RBC Capital Markets, LLC, New York, NY
Top Benefits
About the role
RBC Capital Markets is looking for a Primary Trader to manage our CDX Options book. Price and trade CDX Options utilizing mathematical models and leveraging strong relationships with RBC clients in partnership with the RBC salesforce. Effectively manage the risk associated with CDX Options, leveraging option Greeks: Delta, Gamma, Vega, Theta, Rho, and Charm. Develop desk tools, employing Excel modeling and VBA code, to manage risk, track positioning, and calculate P&L. Overseeing quantitative work for Options Pricing and Options Risk Management, and performing PNL decomposition and risk-based reconciliation.
Full time employment, Monday - Friday, 40 hours per week. $292,427 per year.
MINIMUM REQUIREMENTS:
Must have a bachelor’s degree or foreign equivalent in Mathematics, Computer Science, Mathematical Finance, or related field, and 8 years of related work experience, of which 5 years are progressive post-baccalaureate related work experience.
Alternatively, the employer will accept a master's degree or foreign equivalent in Mathematics, Computer Science, Mathematical Finance, or related field, and 5 years of related work experience.
Must have 5 years of experience in each of the following:
-
Credit Derivatives Trading;
-
Options Trading and Greeks Management;
-
Quantitative model development experience / Coding; and
-
Trading tools and trade workflows (Bloomberg, ION, Murex). Must have 3 years of experience in the following:
-
Electronic market making (CDX Index); and
-
Interacting with macro credit clients. Employer will accept any suitable combination of education, training, or experience.
TO APPLY: Please click “Apply Now” Button
The base salary for this job is $292,427 per year. This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.