Credit Derivatives Trade Support Associate (iTraxx Market Making)

Credit Derivatives Trade Support Associate (iTraxx Market Making), London

Client:

Royal Bank of Canada

Location:

London, United Kingdom

Job Category:

Finance

EU work permit required:

Yes

Job Reference:

f77d9d6c64d0

Job Views:

4

Posted:

20.03.2025

Expiry Date:

04.05.2025

Job Description:

What is the opportunity?

In this role, you will focus on supporting the London based iTraxx Market Making desk as a Credit Derivatives Trade Support Associate. You will gain a deep understanding of macro financial markets to provide support to the Market Making Desk. We strive to provide best-in-class trade execution to RBC’s investment professionals and the highest degree of white-glove service to our clients.

What will you do?

1. Day-to-day emphasis is on support of complex transactions in the Euro Credit Derivative product family (iTraxx Single Name CDS, iTraxx Main/XO, iTraxx Swaptions) & equity derivative hedging – where product proficiency is required to interpret economics, understand guidelines, and develop processes.
2. Gain an overall understanding of macroeconomic market trends in the credit space and leading factors to credit index, options, and single name movement.
3. Enhance trades, monitor trader books, and scrutinize all positions to ensure they are booked accurately / flowing downstream as expected.
4. Help develop fine-tuned procedures to recognise potential risk areas and prevent trade or operational errors.
5. Work directly to support and learn from the Trading Desk with years of industry expertise.
6. Maintain client relationships; ability to relay information to & from trading counterparties quickly and accurately.
7. 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.
8. Utilise Bloomberg terminal to monitor positions, PnL, trade details, and communication with desk.

What do you need to succeed?

Must-have

• 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.

Nice-to-have

• 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.

What is in it for you?

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible working options fully supported.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Active Learning, Adaptability, Customer Service, Customer Service Management, Decision Making, Detail-Oriented, Group Problem Solving, Operational Delivery, Process Management, Teamwork

Additional Job Details

Address: 100 BISHOPSGATE: LONDON

City: London

Country: United Kingdom

Work hours/week: 35

Employment Type: Full time

Platform: CAPITAL MARKETS

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-03-18

Application Deadline: 2025-04-01

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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