Job Description

Global Markets Summer Analyst, Securitization Financing Portfolio Management

Wilmington, DE

WHAT IS THE OPPORTUNITY?

RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors, and governments around the world. With more than 7,100 professionals, we operate out of 70 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region.

We work with clients in over 100 countries around the globe to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. According to Bloomberg and Dealogic, we are consistently ranked among the largest global investment banks.

RBC Capital Markets is part of a leading provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 15 largest banks in the world and the fifth largest in North America, as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks.

Summer Program

Securitization Financing is a global business within RBC Capital Markets that provides underwriting, asset securitizing, liability management and ABCP issuance execution to help our clients across successfully raise funding within the financial markets. The group works closely with our investment banking, derivatives platform, equity capital markets and sales and trading groups globally to advise and to achieve optimal execution across the capital structure of our clients.

Securitization Financing offers internship opportunities for energetic, bright, and talented undergraduates. Our Summer Analyst Program extends for 10 weeks and provides interns the opportunity to gain in-depth, hands-on experience while working and learning alongside our experienced market professionals.

In evaluating and selecting intern candidates, we look for well-rounded individuals with a track record of outstanding academic achievement, an attention to detail, ability to thrive in a multi-tasking and detail-oriented environment, proven technical and analytical skills and a diversity of extracurricular activities. Other essential qualities we look for include strong oral and written communication skills, leadership qualities, initiative, and the ability to play a key role as a team member in a fast-paced and challenging work environment.

WHAT WILL YOU DO?

Our summer analysts help develop ideas and market insights to support various levels of the Securitization Financing business with focus on working with the SFPM team to support collateral monitoring and analysis, ABCP conduit vehicle management, ABCP Investor and Rating Agency reporting and operational oversight efforts. Being a junior portfolio management analyst within Securitization Financing is unique as you will also work closely with the Origination and Conduit Funding sides of the business.

• Securitization Financing is a top originator across the industry and offers attractive financing alternatives for companies that have current funding and liquidity needs. We work with clients to identify and convert future income streams – such as auto receivables, student loans and credit card receivables – into tradeable securities. We have extensive experience covering a wide range of traditional and non-traditional assets, as well as delivering innovative solutions and proprietary analytics.   

As a Summer Analyst you will spend your time:

• Working as a junior portfolio manager to perform asset monitoring, collateral performance analysis and borrowing base compliance for a portfolio of securitization transactions across many unique asset classes
• Assisting with the daily management and administration of several multi-seller asset back commercial paper conduits

• Helping to prepare complex reporting to ABCP Investors, Rating Agencies, and various other internal and external parties
• Supporting Origination and Conduit Funding teams with closing, funding, and monitoring live client securitization transactions
• Collaborating closely with senior bankers, traders and portfolio managers to better understand the business we do

WHAT DO YOU NEED TO SUCCEED?

Must-Have:

• Top grades in a four-year US college or university program (rising Junior or Senior status)
• Basic market knowledge and a demonstrated keen interest in capital markets
• Strong quantitative, analytical and communication skills
• Extremely motivated and able to take initiative in order to identify ways to add value and improve practices
• Problem-solving skills, business sense and the ability to multi-task & prioritize in high pressure environments
• Positive attitude with willingness to perform beyond what is being asked
• Proficient with the use of Microsoft Word, Excel, PowerPoint, and Outlook

Nice to Have:

• Basic understanding of financial mathematics and concepts
• Technical knowledge of programming/coding languages
• Knowledge of accounting and ability to interpret financial statements
• Familiarity with Bloomberg

WHAT’S IN IT FOR YOU?

We thrive on the challenge to be our best in a team-oriented, creative environment 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.

From this experience you would gain:

• Direct exposure and hands-on experience including opportunities to do challenging work
• Ability to make a difference and lasting impact
• Opportunity to connect with different desks across our Global Markets businesses, and RBC as a whole
• Ability to work in a dynamic, collaborative, progressive, and high-performing team
• Training including orientation sessions as well as an in-class curriculum and regular information sessions with key business leaders

Additional Job Details

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.