Director & Managing Counsel, Equity Derivatives

What is the opportunity?

As Managing Counsel in RBC's US Capital Markets Law Group, you will serve as a key senior member of RBC's US Law Group advising RBC's U.S. Global Equities and Global Investment Banking platforms, with a focus on equity derivatives, margin loans, and structured notes. Responsible for identifying and explaining legal, regulatory, and contractual risks for proposes transactions as the senior lawyer covering these products. Collaborate with business and other functions in development solutions to mitigate risk and drafting and negotiating agreements, while providing assistance and partnership to junior product coverage attorney.

Working arrangement: In office a minimum of three days per week.

What will you do?

• (1) Serve as the senior counsel contact advising RBC's Strategic Equity Solutions group on issuer call spreads/capped calls, ASRs, ATM Forwards, 10b5-1/10b-18 plans, structured margin loans, and various affiliate and restricted stock hedging and monetization derivatives.
• (2) Act as the primary lead on legal and regulatory developments and maintain and update documentation as needed based on such developments, with assistance of and delegation to junior attorneys.
• (3) Lead ongoing engagement and discussions with Sales, Trading, Structuring, Risk, Tax, and others in relation to transaction structuring, execution, risk mitigation, internal approvals and lifecycle events. Partner with junior coverage attorneys on the same.
• (4) Lead ad hoc issues, projects, regulatory/legal changes, and new businesses initiatives.
• (5) Perform primary role in collaborating with front office, Litigation and control functions across the enterprise as needed regarding regulatory inquiries and special remediation efforts arising out of covered business lines.
• (6) Manage external counsel relationships with respect to engagements deemed necessary in connection with the foregoing.

What do you need to succeed?

Must-have

• Law Degree and member in good standing of the bar of a U.S. state with 7-12 years of legal experience
• Knowledge of '33 and '34 Act
• Familiarity with relevant ISDA documentation and framework (in particular, the 2002 Equity Definitions)
• Strong drafting, analytical and problem solving skills

Nice-to-have

• Experience covering equity derivatives (ideally corporate equity derivatives) and/or structured notes at a major investment bank and/or law firm
• Understanding of the economics of common derivative products, market practices and regulatory framework (e.g., Title VII of Dodd-Frank)
• Experience with margin loans and/or other fund financing transactions
• Knowledge of Articles 8 and 9 of the UCC and US Bankruptcy Code

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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

The good-faith expected salary range for the above position is $240,000-275,000 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 that comprise our total compensation package, which includes the following: commission sharing eligibility for select roles, a discretionary bonus, a paid time-off plan, our 401(k) program with company-matching contributions, and our health, dental, vision, life and disability insurance.

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

Additional Job Details

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.