Desk Sector Strategist - New York, United States - Royal Bank of Canada

Description

Come Work with Us

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Job Description

What is the Opportunity?

The Desk Sector Strategist, within U.S. Cash Equity Sales, will work directly with the Technology/Media/Telecom trading team, the coverage research teams, sales, and ECM in a desk sector strategist capacity within the Technology sector. The Desk Sector Strategist role will be considered for the title of Vice President, Director or Managing Director depending on candidate experience.

What will you do?

Principle Responsibilities:

• Develop an expertise in the names assigned and the Technology equities traded.
• Generate desk-driven trading ideas within the Technology sector.
• Communicate internal commentary and recommendations to sales, trading and research through internal notes.
• Serve as a communication line to buy-side traders as well as portfolio managers/analysts, strengthening the partnership between sales and trading.
• Cover a core group of Technology clients. Know our customers and understand the philosophy of the client.
• Deliver sector-specific expertise and focus to Technology client touch points as part of RBC's platform relationship model.
• Develop and foster strong working relationships with traders, sales traders

Front Office:

• 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.

Authorities, Impact, Risk: The candidate will report to Justin Spitzer and will create a new role as a desk sector strategist within the Technology sector on the trading desk.

Key Relationships: The candidate will work directly with position traders in the Technology pod, the Head of Trading, as well as U.S. Equity Sales and Trading staff, the Regulatory Risk staff, ECM, and research analysts.

Working Conditions:

• The work environment is based on an office/trading floor, thus little physical effort is required
• The office environment can be a high stress environment that requires quick turnaround and decision making
• Working with the Trading staff requires meticulous attention to detail and the ability to "think outside the box"

What do you need to succeed?

Basic Qualifications

• BA, MA or MS or equivalent with a general understanding of Equity Capital Markets
• Proficient in Microsoft Word, Microsoft Office and PowerPoint
• Strong written and oral communication skills
• Series 7 and 63 required.
• Minimum 5 years' experience

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 applicable.
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
  • Opportunities to building close relationships with clients.

The good-faith expected salary range for the above position is $210,000 - $400,000 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 culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Summary

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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.
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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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