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Job Title2023 Cash Management Summer Analyst
Job Description
RBC Capital Markets
2023 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.
What is the opportunity?
We are actively seeking Summer Analysts to support our Cash Management function at RBC. The successful candidate has strong interest in Capital Markets and Transaction Banking and solid academic track record. RBC is North America’s 5th largest bank and a premier, full-service investment bank with a strong US presence and significant momentum across four continents.
What will you do?
Cash Management will provide summer analysts with a unique opportunity to work in diverse roles and help setup this new business under RBC Capital Markets. The RBC – US Cash Management business is a complete business model with Product, Sales and business functions dedicated to it. Their experience would 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. This will provide a base for our strategy
- 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 2023 or Spring 2024
- 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
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
- Understanding and exposure to Risk – specifically Operational risk
- 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
Job Summary
Address:Jersey City, New Jersey, United States of America
City:USA-NJ-JERSEY CITY
Country:United States of America
Work hours/week:40
Employment Type:Full time
Platform:Capital Markets
Job Type:Student/Coop (Fixed Term)
Pay Type:Salaried
Posted Date:2022-11-10-08:00
Application Deadline:2023-01-08-08:00
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.