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Credit Derivatives Trade Support
| Company | Royal Bank of Canada |
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| Location | New York, NY, USA |
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| Salary | $85000 – $135000 |
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| Type | Full-Time |
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| Degrees | |
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| Experience Level | Mid Level |
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Requirements
- 2 to 3 years of experience
- 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.
- Display clear and concise communications skills.
- Demonstrate strong analytical and technical skills.
- Aptitude to develop relationship cooperatively with all levels of the team.
- Technical proficiency in Excel
- Understanding on FIX and Bond Market
Responsibilities
- Day-to-day emphasis is on support of complex transactions in the Euro Credit Derivative product family (North American Single Name CDS, CDX IG/HY, CDX Swaptions) & equity derivative hedging – where product proficiency is required to interpret economics, understand guidelines, and develop processes.
- Gain an overall understanding of macroeconomic market trends in the credit space and leading factors to credit index, options, and single name movement.
- Enhance trades, monitor trader books, and scrutinize all positions to ensure they are booked accurately / flowing downstream as expected.
- Help develop fine-tuned 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.
Preferred Qualifications
- Experience with Credit Derivative products and the resulting trade life-cycle processes – i.e. Credit Events, Succession Events, CDX Option Exercise, Novations, Terminations, Clearing, etc.
- Knowledge or Regulatory Requirements within derivative trading landscape – i.e. Dodd Frank, EMIR, MiFID II, PTMM, etc.
- Technical proficiency in financial systems and exchanges: Bloomberg Terminal, Murex, DTCC TradeServ, ICE Clear Credit, LCH CDSClear
