Currently I work in a quantitative capacity at a buy side shop focusing on building credit risk solutions covering all credit products (I know, I'm being very vague, but the work I do can vary quite a lot). Over the past few years I've realized that my preference is in securitized/structured products and want to focus more specifically on this asset class as well as being closer to the markets. Currently, most of my time is spent coding to expand on existing models and develop additional reporting capabilities.
I saw this opening at RBC, but reading through the description, I am not completely sure what the work actually entails.
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This role will support the Central Funding Group in managing the securitized products portfolio, while ensuring proper risk controls and pricing processes are in place.
What will you do?
- Assisting in the management of the structured products portfolio on a scalable basis *
- Surveillance of market trends, color and information that are pertinent to the structured products sector
- Liaising with Technology team on model development and maintain/upgrading technology infrastructure that are critical to our business.
- Interfacing with functional groups that support our business (Risk, Valuations, Operations, Technology, etc).
- Proactively identify operational risks/ control deficiencies in the business
- Review and comply with Firm Policies applicable to your business activities
- Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.
What do you need to succeed?
- Series 7, 63
- Quantitative skills
- Facility with spreadsheets and other software platforms utilized in our business
- Business communication skills
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Does anyone with knowledge of the group have an understanding of what they do? Would this position be actively trading repos with structured products as the collateral? Or is this position more of a reporting and risk monitoring position?
Lastly, any idea what kind of opportunities experience in this would offer? Would it be adequate for a buy side securitized fund?
uneducatedmonkey, shame nobody has responded. Maybe one of these topics will help:
More suggestions...
You're welcome.
Recently had a chat with the head of that group. It's securities lending.
Thanks for the information. Sorry, I’m honestly not too familiar with what that would entail. Would that be basically operations? Would there be actual trading or prepayment/default analysis on the underlying collateral?
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