Vice President, Hedge Fund Credit Relationship Management

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Vice President, Hedge Fund Credit Relationship Management

senior · Risk & Compliance

Job Description

What is the opportunity?

The role is responsible for managing RBCs credit relationships with specified Hedge Fund managers, globally. The incumbent will participate cross sell all

RBC and RBC Capital Markets products and will partner with all of RBCCMs trading desks to ensure optimization of credit appetite, the use of trading

lines and maximize revenue with Hedge Fund managers on a global basis. The role is front office and client facing and includes responsibility for ensuring

the necessary support for trading desks to meet their established targets for growing revenues with Hedge Fund managers and for ensuring that coverage of Hedge Fund managers is closely coordinated with coverage of other related entities. (i.e. The asset managers parent FI or NBFI, where applicable).

What will you do?

• Advise product partners on the optimal amount of trading credit required to meet our strategic objectives with each client relationship. Additionally, provide continuous advice on the balance of risk and return associated with specific types of trading activity contemplated as part of client strategies.
• Prepare credit approval submissions and related documentation required as part of approval process, amendments, trading lines, periodic single name strategy exposure reviews.
• Leverage existing network of contacts within the sector to be able to swiftly and effectively tackle challenging transaction requests. Assist in transactional opportunities to be pursued by RBC trading businesses and promote sales opportunities for various products (as applicable).
• In coordination Capital Markets partners and other relevant RBC Partners, assist in the preparation and presentation of marketing pitches to existing and potential clients. Serve as the credit relationship manager and use every effort to assist in cross selling the products of Capital Markets and the Bank.
• Continuous maintenance of accurate counterparty compliance reports including NAV and performance data.

What do you need to succeed?

• Extensive knowledge of credit risks associated with Hedge Funds and the trading products they use
• Proven record of successfully managing a credit relationship to Hedge Funds
• Bachelor's degree or higher
• Credit trained
• Strong interpersonal skills and the ability to work effectively
  within a team environment.
• Excellent communication, business development and relationship management skills.
• Ability to prioritize work and manage multiple tasks while meeting
  time sensitive deadlines.
• Strong financial accounting skills.
• Strong analytical, technical, written and communication skills.
• Knowledge of Capital Markets product base and the application
  thereof.
• Understanding of ISDA documentation, netting and CSAs.
• Excellent knowledge of Credit and Credit Risk.
• CCMS

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, commissions, and stock where applicable

• 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 building close relationships with clients

The good-faith expected salary range for the above position is $150,000- $180,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range 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.

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

Job Skills

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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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.