2028 Capital Markets, Global Markets Origination Summer Analyst

Location: New York, New York, United States of America

Job Description

ABOUT RBC CAPITAL MARKETS

RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, financial institutions, 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, Thomson Reuters and Dealogic, we are consistently ranked among the largest global investment banks. RBC Capital Markets (RBCCM) 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.

ORIGINATION SUMMER PROGRAM

Origination is a global business within RBC Capital Markets that provides underwriting, capital-raising, liability management, structuring expertise and execution to help our clients successfully raise funding in the unsecured, secured and private markets. The group works closely with our investment banking, corporate banking, derivatives platform, equity capital markets and sales and trading groups for our clients.

Origination offers internship opportunities for energetic, bright and talented undergraduates and graduates. Our Summer Analyst Program extends for 10 weeks (one week of training and nine weeks with the group) 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, an ability to thrive in a multi-tasking and a detail-oriented environment, a 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 originate unsecured and secured debt transactions, as well as risk management transactions for our clients across a variety of industry verticals. Being a banker within Fixed Income Origination is unique as you provide both product expertise and industry coverage to clients across different countries and currencies.

As an Origination Summer Analyst you will spend your time

Developing and preserving complex financial models

Creating pitch books and other client materials

Conducting and presenting research to identify market trends used in business decisions

Supporting live deals and major transactions

Working closely with senior bankers to better understand the business we do

There are a few groups, outlined below, within Origination that participate in the internship program. You will be placed with one group for the duration of the internship.

• Securitization (Term ABS & Conduit Finance) is a top-5 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.
• Risk Solutions Group (RSG) is a multi-asset class private side sales team that advises its client base on hedging their market exposures through derivatives (Rates, FX, Commodities).  Working in close coordination with our Banking, DCM, Securitization, and Trading colleagues we’ll propose solutions to alleviate the risks that arise from our client’s capital market transactions (i.e. bond issuance, M&A acquisitions), or as a function of their day-to-day business.

WHAT DO YOU NEED TO SUCCEED?

Must-Have

Top grades in a four-year US college or university program and entering the final year upon completion of the program

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 interact with different desks across our Global Markets businesses, and RBC as a whole

Ability to work in a dynamic, collaborative, progressive, a