• Job Description

  Req#: R-0000076537

  Job Summary

  Job Description

  What is the opportunity?

  You will support business units to fulfil their specific targets and objectives through the application of disciplined risk management processes.

  This is a platform for you to gain an understanding of risk management and credit coverage management within RBC, with respect to Commercial Banks, Sovereigns/Central Banks/Agencies, and Supranational clientele.

  **** Please note: This role can be at an Analyst or an Associate level, depending on the incumbent's background and skillset.****

  What will you do?

  Transaction support

  • Partner with business units and team members to develop transaction solutions that support business requirements and in alignment with RBC policy and risk appetite
  • Participate in day-to-day management of client credit issues including preparation of business cases, managing excesses, urgent requests and reallocations
  • Participate in the end-to-end on-boarding process to ensure counterparties are properly rated, assigned sufficient limit, and have fulfilled all regulatory and legal requirements needed to support credit activities

  Risk identification

  • Participation in the continuous monitoring process of counterparty and portfolio risks and ensure:
    • RBC policies and guidelines are applied consistently
    • Operational risks/controls are identified and reported
  • Partner with ICCM-Portfolio Management and Analysis to assist with regulatory reviews including annual 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 (ad hoc and regularly scheduled) such as quarterly reporting, country exposure updates, peer reviews, stress testing, etc.)
  • Proactively contribute to efforts to innovate and improve efficiency

  What you need to succeed?

  Must-haves

  • University degree or equivalent relevant experience in Finance, Engineering, Science or Math desirable
  • Minimum 2 years financial institution / banking industry experience
  • Work experience in a Back Office or Middle Office considered an asset
  • Advanced data management skills including proficiency with MS Office
  • 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

  Nice-to-have

  • Familiarity and basic understanding of non-trading products such as trade finance letters of credit and nostro limits and trading products including FX, swaps and securities finance (Training will be provided)

  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
  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Flexible work/life balance options

  Job Skills

  Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Taking Initiative, Teamwork

  Additional Job Details

  Address:

  ROYAL BANK PLAZA, 200 BAY ST:TORONTO

  City:

  TORONTO

  Country:

  Canada

  Work hours/week:

  37.5

  Employment Type:

  Full time

  Platform:

  Capital Markets

  Job Type:

  Regular

  Pay Type:

  Salaried

  Posted Date:

  2024-01-18

  Application Deadline:

  2024-02-02

  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 jobs.rbc.com.

• About the company

  Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

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