Associate - Credit Derivatives Trade Support
Top Benefits
About the role
What is the Opportunity?
We are seeking a Credit Derivatives Trade Support Associate with 3-5 years of trade support / financial institution experience and a strong interest in financial markets to help provide support to the New York Market Making Desk as we strive to provide best-in-class trade execution to RBC’s investment clients. In this role, you will focus on supporting the New York desk.
What will you do?
- Day-to-day emphasis on the support and automation of complex transactions in the North American Credit Derivative product family (Single Name CDS, CDX IG/HY, CDX Swaptions), rates derivatives and equity derivative hedging – where product proficiency is required to interpret economics, understand guidelines, and develop processes.
- Robust understanding of macroeconomic market trends in the credit space and leading factors to credit index, options, and single name movement.
- Monitor risk, screen trading activity, enhance ticketing, and scrutinize all positions to ensure they are booked accurately / flowing downstream as expected.
- Lead development to enhance existing procedures to recognize potential risk areas and prevent trade or operational errors.
- Work directly to support and learn from the Trading Desk with years of industry expertise.
- Maintain client relationships; ability to relay information to & from trading counterparties quickly and accurately.
- Act as main liaison between Front Office and Legal, Regulatory Reporting, Technology, Settlements and Back Office teams to resolve any trade booking and settlement issues.
- Utilize Bloomberg terminal to monitor positions, PnL, trade details, and communication with desk.
What do you need to succeed?
- Exceptional attention to detail.
- Ability to manage multiple tasks and deadlines in a fast-paced environment.
- Driven attitude to help create efficiencies within current processes and lead projects.
- Emphasis on strong communications ability.
- Demonstrate strong analytical and technical skills, data manipulation, macros, excel based processes
- Ability to develop relationship cooperatively with all levels of the team.
- FINRA Registrations: SIE & Series 99 and/or SIE & Series 7/Series 63 (to be completed within 90 days if absent)
Suggested Qualifications:
- Extensive experience with Credit Derivative products and the resulting trade life-cycle processes – i.e. Credit Events, Succession Events, CDX Option Exercise, Novation’s, Terminations, Clearing, etc.
- Knowledge or Regulatory Requirements within derivative trading landscape – i.e. Dodd Frank, EMIR, MiFID II, PTMM, etc.
- Techincal Proficiency in financial systems and exchanges: Bloomberg Terminal, Murex, DTCC TradeServ, ICE Clear Credit, LCH CDSClear
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- Leaders who support your development through coaching and managing opportunities.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- Opportunities to do challenging work.
- Opportunities to build close relationships with clients.
The expected salary range for this position is $90,000 to $120,000 depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC’s high-performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
#LI-KA2
Job Skills
Adaptability, Analytical Thinking, Critical Thinking, Customer Service, Decision Making, Interpersonal Relationship Management, Operational Delivery, Problem Resolution, Process Improvements, Time Management, Trade Support
Additional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:
New York
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-09-04
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.
Associate - Credit Derivatives Trade Support
Top Benefits
About the role
What is the Opportunity?
We are seeking a Credit Derivatives Trade Support Associate with 3-5 years of trade support / financial institution experience and a strong interest in financial markets to help provide support to the New York Market Making Desk as we strive to provide best-in-class trade execution to RBC’s investment clients. In this role, you will focus on supporting the New York desk.
What will you do?
- Day-to-day emphasis on the support and automation of complex transactions in the North American Credit Derivative product family (Single Name CDS, CDX IG/HY, CDX Swaptions), rates derivatives and equity derivative hedging – where product proficiency is required to interpret economics, understand guidelines, and develop processes.
- Robust understanding of macroeconomic market trends in the credit space and leading factors to credit index, options, and single name movement.
- Monitor risk, screen trading activity, enhance ticketing, and scrutinize all positions to ensure they are booked accurately / flowing downstream as expected.
- Lead development to enhance existing procedures to recognize potential risk areas and prevent trade or operational errors.
- Work directly to support and learn from the Trading Desk with years of industry expertise.
- Maintain client relationships; ability to relay information to & from trading counterparties quickly and accurately.
- Act as main liaison between Front Office and Legal, Regulatory Reporting, Technology, Settlements and Back Office teams to resolve any trade booking and settlement issues.
- Utilize Bloomberg terminal to monitor positions, PnL, trade details, and communication with desk.
What do you need to succeed?
- Exceptional attention to detail.
- Ability to manage multiple tasks and deadlines in a fast-paced environment.
- Driven attitude to help create efficiencies within current processes and lead projects.
- Emphasis on strong communications ability.
- Demonstrate strong analytical and technical skills, data manipulation, macros, excel based processes
- Ability to develop relationship cooperatively with all levels of the team.
- FINRA Registrations: SIE & Series 99 and/or SIE & Series 7/Series 63 (to be completed within 90 days if absent)
Suggested Qualifications:
- Extensive experience with Credit Derivative products and the resulting trade life-cycle processes – i.e. Credit Events, Succession Events, CDX Option Exercise, Novation’s, Terminations, Clearing, etc.
- Knowledge or Regulatory Requirements within derivative trading landscape – i.e. Dodd Frank, EMIR, MiFID II, PTMM, etc.
- Techincal Proficiency in financial systems and exchanges: Bloomberg Terminal, Murex, DTCC TradeServ, ICE Clear Credit, LCH CDSClear
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- Leaders who support your development through coaching and managing opportunities.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- Opportunities to do challenging work.
- Opportunities to build close relationships with clients.
The expected salary range for this position is $90,000 to $120,000 depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC’s high-performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
#LI-KA2
Job Skills
Adaptability, Analytical Thinking, Critical Thinking, Customer Service, Decision Making, Interpersonal Relationship Management, Operational Delivery, Problem Resolution, Process Improvements, Time Management, Trade Support
Additional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:
New York
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-09-04
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.