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About the Role

Evaluates commercial loan requests by reviewing applicants' credit histories and analyzing financial statements to approve or deny loan applications. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Responsibilities

• Reviews the credit history, profitability and liquidity of clients to assess the risk level involved in credit extension or money lending.
• Consults with customers to verify financial and credit transactions; responds to customer inquiries and resolves customer complaints.
• Communicates with credit associations and other relevant authorities about the credit history of customers.
• Analyzes financial data to determine customers' financial status and the expected profitability of commercial loans; recommends approval or denial of loan applications.
• Works closely with the business on the risk aspects of new transactions under consideration and provides direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns.
• Reviews Single Name Strategies and Credit Requests within agreed timelines, evaluates risks, highlights exceptions to applicable policies and guidelines, and recommends appropriate course of action to GRM executives.
• Reviews borrower risk assessments in a timely manner to identify and evaluate major risks and adjudicate the appropriate Risk Rating to meet regulatory and business requirements.
• Prepares peer group comparisons from both a business and a financial perspective in support of the risk rating recommendation.
• Develops complex financial models, including income, balance sheet and cash flow statements, breakeven analysis, and multivariable sensitivity testing.
• Actively follows business and financial performance through continuous monitoring of financial and industry information, regulatory events, external rating agency movements, and other early warning signals.
• Ensures timeliness and accuracy of the Classification/Watch Report.
• Supports senior staff as required and mentors junior staff if applicable.
• Ensures a continuous improvement culture with a particular focus on reducing non-value-added processes.

Requirements

• Bachelor Degree required.
• 5-8 years of related work experience including experience working in group risk management or a corporate banking function of a major investment bank.
• Two years of experience developing financial models, performing credit risk analysis, and working with Capital Markets division of a Global bank.
• Ability to prepare and write clear and concise reports in a timely fashion, documenting applicable business requirements and regulatory concerns.
• Strong communication (written and verbal) and interpersonal skills.
• Demonstrated financial modelling and analytical skills.
• Strong teamwork skills.
• Computer literate with high comfort level in use of word processing (Word), spreadsheet (Excel), and database software (various) and in using electronic tools for online research.
• Development or review of complex financial models (including income, balance sheet and cash flow statements, breakeven analysis and multivariable sensitivity testing).
• Ability to apply forecasted changes in macro-economic variables to prepare a stressed forecast for the client’s business.

Skills

• Accounting Finance
• Asset and Liability Management (ALM)
• Commercial Loan Review
• Confidentiality
• Credit Analysis
• Customer Service
• Customer Success
• Detail-Oriented
• Financial Statement Analysis
• Risk Management

Location

• New York

Work Type

• Full time
• Salaried

Experience Level

• 5-8 years of related work experience
• Two years of experience developing financial models, performing credit risk analysis, and working with Capital Markets division of a Global bank.

Education Level

• Bachelor Degree

Salary/Compensations

• $120,000-$200,000

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.
• Opportunities to do challenging work.
• Opportunities to building close relationships with clients.

About the Company

• 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.
• 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, and generates sustainable shareholder returns and above market shareholder value.
• 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.