Job Summary

What is the Opportunity?

Municipal Products Associate provides analytical, research and transactional support to investment bankers in all activities relating to the deployment of credit to the full scope of the Municipal Finance Department’s client base. The Municipal Finance Department deploys credit in several innovative ways including traditional credit facilities such as letters of credit, term loans and revolving credit facilities, as well as Direct Purchase Program products including floating rate notes, drawdown bonds and structured lending transactions involving total return swaps.

Associates are involved in every aspect of credit deployment for our business and play critical roles on teams serving a broad base of clients, including state and local governments, hospitals and health systems, colleges and universities, real estate developers, property managers and non-profit owners of P3 assets nationwide. Associates will evaluate each credit deployment opportunity, price products, analyze the appropriate product responses and assist in presentations to senior management in the Department and various RBC Committees. Associates will also assist with the creation of securitization trusts and monitoring of profit-and-loss measurement for the Direct Purchase Program.

Job Description

What will you do?

Perform research, analytics, financial modeling and scenario analysis required to evaluate a potential credit deployment opportunityPrepare materials for internal presentations to RBC committees and managementCoordinate credit evaluation with internal RBC partners including GRM-Credit and Corporate BankingConduct daily profit-and-loss reconciliations as well as derivative mark-to-market valuationsAssist with the management of tender option bond trustsGather, organize and analyze information necessary to prepare proposals, term sheets, client presentations and marketing materials on lending products.Take an increasing role on client coverage teams and in formal and informal presentationsDevelop an understanding of economic, financial market, competitive and political forces affecting our projects as well as and the bond market through internal and external resources.Coordinate the various activities, internal and external, relating to pricing and settlement of credit deployment transactions. Work closely with Investment Bankers to secure closings.Develop data and analytical processing skills, a proficient knowledge of available computer programs & improve data processing system to enhance departmental efficiency.Other such duties, responsibilities and authority as may be reasonably required, consistent with the purposes for which you are being hired and your background, experience and prior business activity.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 promptly.

What do you need to succeed?

BA/BS degree in Business Administration, Finance, Economics, or a related field with demonstrated record of high achievement.1 to 5 years of related professional Municipal Finance experience.Proficiency with standard productivity applications such as Microsoft Excel, Word, and Powerpoint, as well as Municipal Finance specific applications such as Bloomberg, Loan Profitability Model (LPM) and CCMS.Obtain and maintain Securities Industry Essentials Exam (SIE), Series 52, 63 and 79 licensesQuantitative and qualitative skills; strong knowledge of finance and workable knowledge of accountingHighly motivated, organized, committed, and responsible, with a demonstrated ability to manage conflicting priorities and requests.Excellent interpersonal skills with the ability to establish and maintain relationships at all organizational levelsStrong communication skills.Ability to take initiative and function independently balanced with strong teaming skills.Maintain high standards of professional and ethical conduct.

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicableInteraction with senior investment bankers in sectors/coverage groups across the countryLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, inclusive, and high-performing teamOpportunities to do challenging workOpportunities to building close relationships with clients
 

The good-faith expected salary range for the above position is $140,000 - $170,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life, and disability insurance; and paid time-off plan.

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 cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder value

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-15

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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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 jobs.rbc.com.