Full-Time

Associate – Non-Traditional ABS Origination

Updated on 9/10/2026

Deadline 10/23/26
Royal Bank of Canada

Royal Bank of Canada

10,001+ employees

Global banking, wealth management, and insurance

Compensation Overview

$165k - $200k/yr

+ Discretionary bonus + 401(k) employer match

New York, NY, USA

In Person

Some travel is expected.

Bachelor's

Category
Finance & Banking (1)
Required Skills
Series 7
Risk Management
Mergers & Acquisitions (M&A)
Excel/Numbers/Sheets
Financial Modeling
PowerPoint/Keynote/Slides

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Requirements
  • A college degree and a history of strong academic performance are required.
  • Series 7, Series 63, and Series 79 licenses are required, or must be obtained within a reasonable time after joining.
  • At least 3 years of relevant experience, ideally in the asset-backed securities space, is required.
  • Strong Excel and PowerPoint skills are required.
  • The candidate must be ambitious, eager, curious to learn, solutions-oriented, able to function in a fast-paced team-oriented environment, and willing to work closely with senior and junior team members.
  • The candidate must be comfortable multitasking in a fast-paced, pressure-filled trading-floor environment with competing priorities and deadlines.
  • Strong computer and analytical skills and considerable attention to detail are required.
  • The candidate must be willing to work unpredictable hours as needed and travel when required.
  • The role requires appropriate licenses and registrations, authority to transact on behalf of the firm, and competence across multiple products and derivatives.
Responsibilities
  • Support asset-backed securities bankers in creating, developing, and presenting business ideas across non-traditional asset classes.
  • Lead the drafting of initial client presentations and pitch-book materials and incorporate comments from junior and senior asset-backed securities bankers.
  • Coordinate transaction execution across issuers, lawyers, rating agencies, accountants, trustees, and other third parties.
  • Review offering and transaction documents and prepare sales memoranda and internal approval documents.
  • Interact with internal and external parties to ensure seamless execution of mandated transactions and coordinate the settlement of non-traditional asset-backed securities transactions.
  • Collaborate with junior and senior asset-backed securities bankers and other internal parties on mergers and acquisitions and other strategic transactions where asset-backed securities are expected to play a role.
  • Maintain internal databases of market data, including spreads and yields, deal-pricing details, trading data, and league tables.
  • Identify operational risks and control deficiencies in the business.
  • Review and comply with firm policies applicable to business activities.
  • Escalate operational risk loss events, control deficiencies, and identified risks to the line manager and relevant risk and control functions in a timely manner.
  • Provide critical support to senior asset-backed securities bankers for client coverage.
  • Coordinate regularly with asset-backed securities syndicate, sales, trading, financing, corporate banking, global investment banking, and other internal stakeholders to deliver client outcomes.
Desired Qualifications
  • Relevant experience in the asset-backed securities space is ideally preferred.

What does RBC do? It provides a wide range of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets to clients in Canada, the United States, and 27 other countries. How do its products work? It earns revenue from loans, mortgages, investment products, and advisory services, and uses technology to deliver a seamless client experience across a diversified set of financial services, with an emphasis on digital tools and customer service. How is RBC different from competitors? It combines scale and global reach with a principles-led culture, a strong focus on community impact, and a large, diverse workforce (94,000+ employees) to drive client outcomes and continuous innovation. What is RBC’s goal? To help clients prosper and communities thrive by delivering reliable financial solutions and services while adapting to changing needs and maintaining leadership in the financial sector.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1864

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q3 2026 revenue reached $18.54 billion, with wealth management up 32% year over year.
  • Capital markets earned C$1.54 billion in Q3 2026, driven by trading and underwriting.
  • New cash-back card features and student partnerships deepen engagement and boost fee income.

What critics are saying

  • RBC’s August 26, 2026 card fee hikes anger customers and invite churn to rivals.
  • Class action claims over the Martel Ponzi scheme tie RBC to AML failures.
  • Wealth and capital markets depend on market volumes; a sharp 2027 slowdown cuts earnings fast.

What makes Royal Bank of Canada unique

  • RBC’s August 27, 2026 Q3 record income came from wealth, capital markets, and commercial banking.
  • Canada’s largest bank combines deposits, lending, insurance, wealth, and markets across 30 countries.
  • RBC’s student GIC and card ecosystem locks newcomers into lifelong banking relationships.

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Benefits

Professional Development Budget

Flexible Work Hours

Performance Bonus

Company News

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