Analyst, Hedge Fund Credit Coverage

About the Role

The Hedge Funds group within Institutional Client Credit Management (ICCM) manages RBC's credit relations with hedge fund managers. The analyst will collaborate closely with RBC Capital Markets' trading teams to optimize credit use, enhance trading line efficiency, and boost revenue generation within the approved risk appetite. This role also acts as the main liaison with clients.

Key Responsibilities

• Prepare timely transaction requests to facilitate RBCCM's credit-intensive trading activities with global hedge fund managers.
• Maintain and oversee credit relationships for a varied portfolio of hedge fund accounts.
• Advise product partners on suitable trading credit levels to achieve strategic goals for each client relationship.
• Manage the end-to-end credit onboarding process, ensuring compliance with risk limits, regulatory, legal, tax, and operational requirements.
• Submit trading line proposals for approval to relevant Business Heads.
• Participate in annual credit due diligence discussions and draft call memos accordingly.
• Coordinate with the Trading Documentation team to finalize proper trading agreements.
• Maintain accurate counterparty compliance reporting, including net asset value (NAV) and performance metrics.
• Collaborate with ICCM colleagues to address any arising credit concerns involving counterparties.
• Apply knowledge of applicable securities regulations related to hedge funds, mutual funds, pensions, and institutional counterparties.

Qualifications and Requirements

• Undergraduate degree or higher qualification.
• Between 1 to 3 years of experience in the financial services sector.
• General understanding of credit principles and credit risk management.
• Excellent verbal and written communication abilities.
• Comfortable working collaboratively within a team environment.
• Proficient with general PC applications and capable of learning internal systems efficiently.
• Familiarity with credit risks linked to hedge funds and their trading instruments.
• Basic understanding of hedge fund structures and diverse investment strategies employed.
• Desirable: Pursuing an advanced credential such as MBA, CFA, CA, or equivalent professional designation.

Benefits and Work Environment

• Access to a comprehensive Total Rewards package that includes bonuses, flexible benefits, competitive pay, commissions, and possible stock options.
• Management committed to professional growth through coaching and new opportunities.
• Opportunity to contribute meaningfully and create lasting impact.
• Work within a dynamic, forward-thinking, collaborative, and high-achieving team setting.
• Flexible arrangements to support work-life balance.
• Challenging tasks and potential for increased responsibilities.
• Wide access to diverse job opportunities within the organization.

Additional Details

• Location: Royal Bank Plaza, 200 Bay Street, Toronto, Ontario, Canada.
• Weekly work hours: 37.5 hours.
• Employment type: Full-time, salaried.
• Compensation: Expected range between $75,000 and $100,000 annually, variable compensation potential based on performance and organizational success.
• Application deadline: 11:59 PM on July 26, 2026.

Company Culture

RBC is guided by values including Client First, Integrity, Collaboration, Respect, and Excellence. We foster an inclusive workplace valuing diverse perspectives to drive innovation and mutual success. Our policies encourage respect, belonging, and opportunity for all employees.