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About the Role

Assist in the management and administration of authorized credit and transactional risk limits for various fund relationships. Maintain relationships with sales and trading professionals and counterparties, ensuring client needs are met. Support the development of transaction solutions and prepare transaction requests, while safeguarding the credit quality of the portfolio. Perform risk assessment and continuous risk monitoring for asset managers.

Responsibilities

• Timely preparation of transaction requests in support of credit-intensive trading activities with global asset managers.
• Prepare transaction requests in support of non-trading products such as overdrafts.
• Understand and assess risks inherent in the asset management industry, its regulation, sponsors, markets, products, and investment strategies.
• Reviews of trading counterparties, including regulated mutual funds, pension funds, trusts, endowments, and managed accounts.
• Maintenance and accuracy of trading limit data within CCMS.
• Prepare borrower/counterparty risk analysis and propose internal ratings.
• Participate in due diligence meetings/calls.
• Timely completion of investment manager annual reviews and RAF reviews for a portfolio of counterparties.
• Compliance reporting including limit excesses, overdraft excess monitoring, ATE triggers, and NAV monitoring.
• Participate in KYC process as required.
• Completion of assigned projects and other duties to support business initiatives.
• Initiate and maintain contact with trading professionals, Group Risk Management – Credit, Market Risk, Trading Credit Risk, Trading Documentation and RBC Law Group.
• Assist in the production of portfolio dashboards and internal reports by extracting and visualizing credit data using tools such as Excel, PowerPoint, Python, and SQL.
• Involvement in ad hoc data analysis projects to support business decisions and process improvements.

Requirements

• Understanding and knowledge of fund industry and securities regulations governing funds.
• Familiarity and basic understanding of trading products including FX, swaps and securities finance, and non-trading products such as overdrafts.
• Understanding of credit risk.
• Ability to establish priorities and manage tasks with accompanying attention to detail.
• Ability to interpret, explain and communicate opinions and recommendations using strong verbal and written skills.
• Advanced data and computer management skills including proficiency with Excel, Powerpoint, and experience in database management.
• Demonstrated ability to manipulate, analyze, and interpret large data sets using tools such as Python, VBA, and SQL.

Skills

• Account Management
• Coaching Others
• Insurance Operations
• Insurance Products
• Loss Assessment
• Performance Management (PM)
• Pricing Strategies
• Producer Management
• Product Knowledge
• Reinsurance

Location

• RBC CENTRE, 155 WELLINGTON ST W:TORONTO
• Toronto
• Canada

Work Type

• Full time

Education Level

• B.A. or B. Comm or equivalent

Benefits

• 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.

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.
• 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 jobs.rbc.com.