Royal Bank of Canada

Associate, Investment Banking, US Municipal Finance

Royal Bank of Canada • $115K — $180K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • BA/BS in Business Administration, Finance, Economics, or similar field; graduate degrees or CFA/FRM are a plus.
  • 1-3 years of experience in investment banking, credit agencies, or consulting, with structured finance experience preferred.
  • FINRA Series 52, 63, and Securities Industry Essentials (SIE) licenses required within 60 days; Series 79 license needed as applicable.
  • Strong analytical skills with a focus on fixed income securities and cash flow modeling; familiarity with Bloomberg is a plus.
  • Proficient in Excel and programming languages such as Python, R, SQL, or VB/VBA is desired.

Responsibilities

  • Gather and analyze information for proposals, presentations, and marketing materials.
  • Prepare detailed proposals and presentations for potential clients, covering financing options.
  • Participate in client marketing activities and industry conferences both online and in-person.
  • Develop financial projections and conduct analyses for capital markets transactions.
  • Create issuer capital structure summaries and analyze bond and loan portfolios.

Benefits

  • Comprehensive Total Rewards Program including competitive compensation and flexible benefits.
  • 401(k) program with company-matching contributions.
  • Opportunities for personal development through coaching and mentorship.
  • Dynamic and collaborative work culture in a high-performing team.
  • Chance to build strong relationships with clients and make a tangible impact in the community.
Full Job Description
Job Description

  • What is the Opportunity?
    We are seeking a highly motivated Municipal Finance Associate to provide analytical, research and transactional support to investment bankers in all departmental work activities relating to the structuring and issuance of municipal bonds through negotiated, competitive sale or via private placement. This particular position is within the Municipal Finance Student Loan Group, which provides a complete range of investment banking and advisory services for a client base that includes higher education institutions and state-based lending authorities that issue municipal and asset-backed student loan bonds.


  • What will you do?
  • Gather, organize and analyze information necessary to prepare proposals, client presentations, offering statements and marketing materials.
  • Prepare proposals and presentations for prospective clients, describing in detail financing alternatives in originating, structuring and marketing an issue and our ability to perform the underwriting functions in a capable manner.
  • Participate in industry conferences and other client marketing activities, including virtual and in-person client visits, and oral presentations.
  • Prepare financial projections and perform modeling and related financial analyses for potential and actual capital markets transactions, including data collection, conversion, and analysis.
  • Construct issuer capital structure summaries, prepare bond and loan portfolio analyses, and prepare addressable market analyses to help identify potential debt financing and debt refinancing opportunities.
  • Assist with structuring capital markets transactions to client, investor, credit rating agency, and internal risk group preferences and requirements, including performing cash flow modeling using proprietary and third-party models (e.g., DBC Student Loan and Intex).
  • Assist with performing collateral analyses for proposals, client presentations, and offering materials, including cohort and stratification analyses using database tools (e.g., SQL / MS Access)
  • Demonstrate an understanding of the macroeconomic, financial market and political forces affecting the pricing of bonds generally and the pricing of municipal bonds in particular using internally and externally sourced data such as Bloomberg.
  • Enhance the group's use and knowledge of available information pertaining to the bond market by collecting, organizing and maintaining various marketing materials and information resources.
  • Coordinate the various activities, internal and external, relating to pricing and settlement of public finance transactions, working closely with management and investment bankers to secure closings.
  • Prepare transaction term sheets, timetables, and working group distribution lists for live bond transactions.
  • Coordinate the activities of working group members, including Bond Counsel, Underwriter's Counsel, Trustee Banks, and Rating Agencies to ensure efficient transaction processing.
  • Develop data and analytical processing skills, including becoming proficient in the use of available software applications and data resources.
  • Proactively identify and escalate operational risks / deficiencies.
  • Review and comply with Firm Policies applicable to business activities.
  • Other duties and responsibilities as may be reasonably required.
  • What do you need to succeed?
  • BA/BS degree in Business Administration, Finance, Economics, Mathematics, Engineering, or another quantitative/analytical area of study, with demonstrated record of high achievement.
    • Graduate degrees in these disciplines and professional certifications such as CFA/FRM are considered a plus.
  • Minimum of 1-3 years of related professional investment banking, credit rating agency, and/or "Big 4" consulting/advisory experience.
    • Experience in the areas of structured finance, securitization, asset-backed securities (ABS), and/or residential mortgage-backed securities (RMBS) is considered a plus.
  • FINRA Series 52, 63, and Securities Industry Essentials (SIE) licenses are required, and must be obtained within 60 days of hire. FINRA Series 79 license required as applicable.
  • Quantitative and qualitative analytical skills; strong knowledge of finance, particularly with respect to fixed income securities.
    • Experience with cash flow modeling with software applications such as DBC Student Loan, INTEX DealMaker, INTEXcalc, and/or Bloomberg are considered a plus.
    • Advanced Excel skills and experience with programming languages such as Python, R, SQL (MS Access) and/or VB/VBA are considered a plus.
  • Strong work ethic, with a demonstrated ability to manage conflicting priorities, deadlines, and requests in a fast-paced environment while maintaining high work standards and attention to detail.
  • Excellent interpersonal skills with the ability to establish and maintain relationships at all organizational levels.
  • Strong oral and written communication skills.
  • Ability to take initiative and function independently balanced with strong teamwork skills.
  • 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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • 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 build close relationships with clients.
  • The expected salary range for this particular position is $115,000 - $180,000, depending on your experience, skills, and registration status, market conditions and business needs.
    You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
    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 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:

2026-05-14

Application Deadline:

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

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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