2027 Capital Markets, Municipal Finance Summer Analyst

What is the opportunity?

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.

RBCCM’s Municipal Finance Department provides investment banking solutions not only to states, cities, and counties, but also to universities, nonprofits, power and water utilities, hospitals, airports, housing authorities, and others.  We are consistently ranked in the top 5 underwriters of municipal debt, and serve the largest clients in the industry.

Summer Analyst Program

Each year, we invite high-performing rising seniors to join our Municipal Finance platform for a 10-week U.S. Summer Analyst Program. The program provides a realistic view of municipal finance as Summer Analysts spend their time working on a variety of transactions and development initiatives in all areas of Municipal Finance. Analysts will build a strong foundation in the basic skills of financial problem solving, negotiation and execution. Additionally, they gain experience in marketing the firm’s products and services.

What will you do?

The Municipal Finance Summer Analyst provides analytical, research and transactional support to investment bankers in all departmental work activities relating to the structuring and issuance of municipal bonds, and/or related financial advisory services.

As a Municipal Finance Summer Analyst you will spend your time:

• Preparing cash flow projections and related financial analyses for potential and actual capital markets transactions
• Gathering, organizing and analyzing information necessary to prepare proposals, client presentations, offering statements and marketing materials
• Assisting in the preparation of proposals 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
• Enhancing the department’s use and knowledge of available information pertaining to the municipal capital markets by collecting, organizing and maintaining various marketing materials and information resources
• Coordinating the various activities, both internal and external, relating to pricing and settlement of debt transactions
• Performing other tasks job related duties as assigned

What do you need to succeed?

In selecting analysts, we look for the following:

• Undergraduate students entering their final year of study at an accredited four-year college or university, graduating in Spring 2028 or December 2027
• Outstanding quantitative and qualitative analytical skills; strong knowledge of finance and accounting preferred
• Familiarity with computer applications such as MS Outlook, Word, and Excel
• Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment
• Value and possess strong competency in the following behaviors: Collaboration, Relationship Building, Communication, Integrity and Operating with Diverse and Inclusive Mindset
• Well-rounded set of interests and extra-curricular activities beyond academics

What’s in it for you?

We thrive on the challenge to be our best, think progressively, continue our growth, and deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our individual/collective potential, making a difference to our communities, and achieving success that is mutual.

From this experience you would gain:

• An understanding of the economic, political and industry-specific forces influencing the financing of public sector endeavors
• The support of experienced mentors
• An opportunity to network and discuss career opportunities through social events

The good-faith expected salary range for the above position is $100,000 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

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

Additional Job Details

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.