2024 Capital Markets, Cash Management Summer Analyst

ABOUT RBC CAPITAL MARKETS

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

RBC Capital Markets 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.

RBC Capital Markets is taking on a greenfield new project: a U.S. Cash Management platform. Sitting at the intersection of finance and technology, this important internal initiative will deliver significant impact for RBC. We’re a team of big dreamers and even bigger do-ers; we are forging a new path for how RBC does business, develops products, and delivers exceptional client experiences.

What is the opportunity?

We are actively seeking Summer Analysts to support our U.S. Cash Management function at RBC. The successful candidate has strong interest in Capital Markets and Transaction Banking and solid academic track record.

Who are you?

• You have a curious and inquisitive mind, eager to explore new concepts and challenges, and solve ambiguous problems.
• You are someone who can create high quality work from conception to execution and are always up for new complex challenges.
• You are iterative, always searching for opportunities to improve the status quo.
• You are positive, always uplifting others and encouraging the best.
• You are resourceful, scrappy, and able to problem solve when limited context is available.

What will you do?

U.S. Cash Management will provide Summer Analysts with a unique opportunity to work in diverse roles in this new business under RBC Capital Markets. Our business model includes Product, Sales and Business functions, and so your experience could encompass, but not be limited to:

• Help in crafting strategy and execution prioritization and plan for the launch and growth of US Cash management business, including market research to understand evolving trends in the cash management space and what our peer banks are planning.
• Participate in deep dives with clients to understand their needs and pain points and create a two-way forum to help co-create our products and services with clients.
• Work in product development and design to solve for client’s pain-points and deliver a consumer-like experience
• Work in frontend Sales to develop client relationships and create industry expertise to solve pain points and win business
• Learn Project Management Framework and provide support in Project Management activities. Opportunity to learn new Project Management tools like JIRA, Confluence and SharePoint.
• Analyze financial and non-financial data and present in way that will help in management reporting and decision making
• Assist Business Management team in strategizing and defining change management and operational readiness requirements
• Develop relationship and coordinate across Risk, Finance, Capital Markets, Technology teams to facilitate project execution

What do you need to succeed?

Must-have

• Bachelor’s Degree with a focus in Business, Economics, Finance, Mathematics or related field
• Graduating December 2024 or Spring 2025
• Excellent analytical and communication skills
• Ability to work as a team, collaborate effectively and take the lead when needed
• Ability to manage dynamic priorities and tight deadlines in a challenging, fast-paced environment
• Genuine interest in capital markets, finance and banking
• Intellectual curiosity, enthusiasm and willingness to learn
• Working knowledge of MS Office applications
• Strong professionalism and workplace etiquette

What’s in it for you?

We thrive on the challenge to be our best, to think progressively and to keep moving forward. We work together to deliver trusted advice which helps our clients thrive and our communities prosper. We care about each other and strive to reach our potential, make a difference to our communities and achieve success that is mutual.

• Direct exposure and hands-on experience including opportunities to do challenging work
• Ability to make a difference and lasting impact
• Opportunity to work closely with different aspects of cash management, leading Fintechs and see the rapid evolution of the payment space
• Exposure to Banking and RBC as a whole
• Ability to work in a dynamic, collaborative, progressive, and high-performing team
• Training including orientation sessions as well as an in-class curriculum and regular information sessions with key business leaders

The good-faith expected salary for the above position is $95,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  

RBC’s compensation philosophy and principles recognize the importance of a highly qualified

global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

USCASHMGMT

Additional Job Details

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITYJersey CityUnited States of America40Full timeCapital MarketsStudent/Coop (Fixed Term)Salaried2023-07-102024-02-06

Inclusion and Equal Opportunity Employment