Structured Products Trading - Analyst

RBC; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player seeks a motivated individual to manage trading and risk for their GELPs books. This role emphasizes maximizing sales credit, timely pricing, and minimizing PnL discrepancies. You'll engage in risk management, ensuring compliance with limits while collaborating with various teams to enhance trading processes. Join a dynamic and supportive environment that values growth and community impact, offering a comprehensive rewards program and opportunities for professional development. If you're driven and ready to thrive in a high-performing team, this position is perfect for you.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Opportunities for challenging work

Supportive leadership for development

Qualifications

• Strong understanding of equity markets, derivatives, and fixed income products.
• MBA or related degree required, along with trading qualifications.

Responsibilities

• Maximize sales credit capture and manage PnL effectively.
• Ensure compliance with risk management limits and guidelines.

Skills

Equity Markets Knowledge

Derivatives Understanding

Fixed Income Knowledge

Mathematical Skills

Communication Skills

Interpersonal Skills

Team Collaboration

Integrity

Work Ethic

Self-Driven

Education

MBA or Undergraduate/Graduate degree in finance, economics, or mathematics

CSC, CPH, Traders Training

Job description

To trade and risk manage the GELPs books in Toronto.

What will you do?

Quantitative Objectives

Trading

• Maximizing the capture and retention of sales credit and client value
• Timely pricing of sales requests
• Minimize unexplained PnL
• Keep PnL volatility under control
• Minimize discrepancies between desk PnL and daily financial reporting figures
• Consistent and frequent parameters update (volatility, dividends, correlation)
• Maintain reserves under control

Risk Management

• Ensure books are within GRM and Desk appointed limits while anticipating any over-limits by requesting pre-approval from both Management and GRM
• Recycle client business risks and do so internally when possible
• Ensure optimization of barrier management PnL
• Minimizing operational losses (due to trading actions)

Qualitative Objectives

Within GELP

• Ensure engagement and participation in working groups as needed
• Communication and workflow between sales and trading
• Improve day to day trading (spreadsheets, processes)
• Respect risk recycling GELP guidelines
• Work with the Quant and Technology teams to improve set-up
• Generate trade ideas for the Structuring team

Support Functions

• Highlight, escalate and resolve issues
• Follow up with Operations if and when needed

Control Functions

• Cooperation with GRM, Valuation, Product Control, Operational Risk
• Review and comply with Firm Policies applicable to your business activities (Volcker, restricted list, market rules, etc.)
• Proactively identify operation risk/control deficiencies in the business
• Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis

What you need to succeed?

• MBA or Undergraduate/Graduate degree in finance, economics, or mathematics and/or related trading
• CSC, CPH, Traders Training; Registered Trader exam and applicable US registration exams
• Solid understanding of equity markets, derivatives, fixed income, and structured products
• Self-driven, able to cope with a high-pressure work environment
• Good interpersonal skills
• Strong team player
• Integrity
• Work Ethic
• Strong written and oral communication skills

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 and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills

Additional Job Details

Address: ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: CAPITAL MARKETS

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-04-04

Application Deadline:

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

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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About the company

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.