Vice President, Equity Derivatives Structurer

RBC Capital Markets is seeking a VP-level Equity Derivatives Structurer to join its Structuring team within the Global Equity Derivatives franchise. The successful candidate will focus on light exotics, hybrid payoffs, and risk recycling trades, acting as a critical link between trading, sales, and clients. This is a high-visibility role that demands deep technical expertise in equity derivative and hybrid payoff design, combined with strong commercial instincts and the ability to deliver innovative, executable solutions that generate tangible impact for clients and the franchise.

What will you do?

• Design, structure, and price light exotic equity derivative products including autocallables, barrier options, worst‑of structures, cliquet features, and digitals across single‑name and index underlyings.
• Develop hybrid payoffs that combine equity underlyings with rates, credit, or FX components, delivering cross‑asset solutions tailored to client investment objectives and risk appetite.
• Identify and execute risk recycling opportunities by sourcing and structuring trades that offset or monetise existing book risk, improving the desk’s overall risk profile and P&L efficiency.
• Work closely with the trading desk on pricing, hedging feasibility, and risk assessment for new structures, ensuring that proposed trades are executable and within the desk’s risk appetite.
• Partner with sales teams across EMEA and the US to understand client needs, provide structuring ideas, and support the origination pipeline with compelling, well‑articulated trade proposals and termsheets.
• Engage directly with institutional clients – including asset managers, private banks, insurance companies, and corporates – to present structured solutions, respond to enquiries, and build lasting relationships.
• Produce high‑quality marketing materials, payoff analyses, scenario analyses, and back‑tests to support client discussions and internal approvals.
• Monitor market conditions, volatility surfaces, correlation dynamics, and funding levels to identify structuring opportunities and stay ahead of client demand.
• Collaborate with quantitative analysts and technology teams on model validation, pricing tool enhancements, and workflow improvements for the structuring desk.
• Ensure all structured products comply with relevant regulatory requirements including PRIIPS, MiFID II, BMR, and internal risk and compliance policies.

What do you need to succeed?

• Proven experience as an equity derivatives structurer at a major investment bank, with a strong focus on light exotics and structured products.
• In‑depth technical knowledge of equity derivative payoffs including autocallables, barrier options, worst‑of, best‑of, lookback, cliquet, variance swaps, correlation swaps, covariance structures and digital structures.
• Solid understanding of hybrid payoff construction and the interaction between equity, rates, credit, and FX risk factors within structured products.
• Strong quantitative and analytical background – typically a degree in Mathematics, Physics, Engineering, Financial Engineering, or a related quantitative discipline.
• Demonstrated ability to work effectively with trading desks on pricing, risk recycling, and book management, with an intuitive understanding of Greeks and hedging dynamics of correlation products.
• Excellent client‑facing skills with a track record of structuring and presenting derivative solutions to institutional investors.
• Strong proficiency in Python and familiarity with pricing libraries, Monte Carlo simulation, and risk analytics platforms.
• Commercially driven mindset with the ability to balance innovation with pragmatism and deliver trades that are both impactful for clients and profitable for the desk.

Nice‑to‑have

• Experience structuring risk recycling trades and working with trading to identify and monetise inventory risk through client‑facing solutions.
• Hands‑on experience with equity‑rates or equity‑credit hybrid products, including callable range accruals, equity‑linked notes with rate floors, or contingent coupon structures.
• Familiarity with structured product distribution across EMEA, including private bank and insurance channels, and awareness of wrapper‑specific requirements.
• Knowledge of ISDA documentation, CSA terms, and the operational lifecycle of structured derivatives trades.
• CFA, FRM, or equivalent professional qualifications are a plus but not essential.

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.