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About the Role

The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk. As an Associate, you will serve as the Credit Officer, providing primary coverage for Single Names to adjudicate borrower risk ratings and evaluate proposed client strategies and credit requests.

Responsibilities

• Serve as the Credit Officer, providing primary coverage for Single Names to adjudicate borrower risk ratings and to evaluate proposed client strategies and credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.
• Partner with various business partners (Global Credit, Sales/Trading desk, Counterparty Credit Risk, Market Risk, Operations, Document negotiators, etc.) throughout the transaction life cycle as the second line of defense.
• Work closely with the business on the risk aspects of any new transaction under consideration and provide direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns.
• Review Single Name Strategies (Investment/Asset Managers) and Transaction Requests within agreed timelines, highlighting exceptions to applicable policies and guidelines, and suggesting enhancements.
• Provide coverage for a portfolio of primarily Regulated Funds, but may include Hedge Funds, Private Equity Funds, REITs etc.
• Perform credit analysis on individual Fund counterparties to establish/adjudicate borrower risk ratings, including approving Risk Assessments (RAFs) which encompass industry, business, and financial risks.
• Maintain an up-to-date RAF approval schedule and continuously review Borrower Risk Ratings (“BRR”s) on all assigned borrowers.
• Assist in daily monitoring of borrower’s business and fund performance through monitoring of industry and company information via due diligence conference calls, news releases, financial results, regulatory changes, third-party analysis, and other early warning signals.
• Prepare recommendations for Single Name Strategies and Transaction Requests for signoff based on applicable delegated limit authority.
• Provide technical, analytical, and project support for other functions, particularly in internal reporting requirements, process optimization, and data management.

Requirements

• Minimum 2 years of working experience in a Financial Institution or Asset Manager industry, preferably in credit risk.
• Demonstrated research capabilities and an ability to apply an analytical approach.
• Curiosity and keen interest in Investment Managers and Funds.
• Ability to handle high volume and multitask in a fast-paced work environment.
• Superior time management skills and attention to detail, with ability to perform well under pressure.
• Strong interpersonal skills, with outstanding written and verbal communication skills.
• Completed MBA or CFA (or has taken steps towards attaining a CFA designation).
• Knowledge of Asset Manager Industry and trading products preferred; some experience working with Asset Managers or in Funds-related capacity would be an asset.
• Proficient in Excel, including VBA/Macro as a tool for financial analysis and process optimization involving large data sets.
• Interest in pursuing a career in Risk Management.

Skills

• Analytical Thinking
• Communication
• Credit Analysis
• Credit Management
• Credit Processes
• Credit Risks
• Financial Statement Analysis
• Information Capture
• Process Management
• Quality Management
• Risk Management
• Risk Ratings
• Taking Ownership
• Excel
• VBA/Macro

Location

• ROYAL BANK PLAZA, 200 BAY ST:TORONTO
• Toronto
• Canada

Work Type

• Full time

Experience Level

• Minimum 2 years of working experience

Education Level

• MBA or CFA (or has taken steps towards attaining a CFA designation)

Benefits

• Bonuses
• Flexible benefits
• Competitive compensation

About the Company

• 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.

Equal Opportunity

• 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.