Job Description

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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 Associate, Institutional Client Credit Management (Portfolio Management & Analysis - Banks & Sovereigns)



What is the opportunity?

RBC's Institutional Client Credit Management Team is looking for an Associate to deliver analysis, insights and recommendations on risk profiles that are meaningful and timely with respect to banks & sovereigns counterparties. In addition the Associate will support business units to fulfil specific targets and objectives through the application of disciplined risk management processes.

What will you do?

Risk identification and assessment:

Collaborate with Group Risk Management (GRM) to maintain quality and the right balance of risk and reward within the portfolio including preparation of Risk assessment reviews (RAFs) which recommend the appropriate borrower internal risk rating (BRR), supporting documentation and forward looking assessments

Participate in continuous monitoring of counterparty and portfolio risks and make recommendations to ensure consistent application of policies and guidelines, operational risks/controls deficiencies are identified and reported and appropriate sizing of trading and non-trading limits and tenor

Serve as a liaison between GRM and Front Office sales, trading and coverage teams with respect to all risk issues involving the assigned banks and sovereigns portfolio.

Identification and quantification of risks to manage the credit quality of the assigned portfolio and assist in decision making that impacts RBC Enterprise risk appetite levels and profitability

Transaction support:

Participate in the First line of Defense by assisting with mantainence of appropriate client risk levels within assigned portfolio

Partner with business units including ICCM - Transaction Management to complete regulatory reviews and help ensure relationship remains within RBC policy and risk appetite

Portfolio Management:

Interact with business units to provide information on assigned names within the portfolio including data and analysis on limits and utilization

Contribute to the production of portfolio statistics and management information reports in a timely and accurate manner. This includes ad hoc and regularly scheduled quarterly reporting, country exposure updates, peer reviews, stress testing etc.

What do you need to succeed?

Must-have:

A completed Undergraduate Degree in Business, Finance, Accounting or a related quantitative field.

Strong Excel skills and experience working with large data sets.

At least 3 years of experience working within the Financial Services sector, preferably in risk management.

Strong analytical, research and problem-solving skills

Working knowledge of trading products including derivatives and securities finance and non-trading product offerings supporting cash management, operations and trade finance.

Working knowledge of the C.A.M.E.L.S. approach to credit risk assessment

Proactive and self-motivated with strong organizational and time management skills

Good verbal and written communication skills

Nice-to-have:

Work experience in a Back Office or Middle Office is considered an asset

Post graduate degree (MBA, MA) in Finance or Economics

Successfully acquired a FRM, CFA or CPA designation

What's in it for you?

We thrive on the challenge to be our best with 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 plus competitive compensation.

Opportunities to do challenging work and learn about products, credit, and risk ratings.

Work in a dynamic, collaborative, progressive, and high-performing team.

Opportunity to interact with different internal groups and build a comprehensive network.

Opportunities to take on progressively greater accountabilities.

Job Summary

Address: TORONTO, Ontario, Canada

City: CAN-ON-TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Capital Markets

Job Type: Regular

Pay Type: Salaried

Posted Date: 2022-09-07-07:00

Application Deadline: 2022-09-21-07:00

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.

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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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 rbc.com/careers.