Analyst, Institutional Client Credit Management

RBC; Toronto; On-site; CAD 65,000 - 85,000; Full time

Job summary

A leading bank in Toronto is seeking an individual to assist in managing credit and transactional risk limits for various fund relationships. The role involves collaboration with sales and trading teams, maintaining compliance, and supporting transaction solutions. The ideal candidate holds an Honours degree and possesses strong skills in trading products and Excel. The position offers competitive compensation and a collaborative team environment.

Benefits

Comprehensive Total Rewards Program including bonuses

Opportunities for challenging work

Dynamic and collaborative team environment

Qualifications

• Understanding and knowledge of fund industry and securities regulations governing funds.
• Familiarity and basic understanding of trading products including FX, swaps, and securities finance.
• Knowledgeable of the RBC global network and abilities to interpret credit processes and policies.

Responsibilities

• Assist in managing and administrating credit and transactional risk limits.
• Maintain relationships with sales and trading professionals to address credit requirements.
• Ensure compliance management and assist in KYC process as required.

Skills

Adaptability

Critical Thinking

Customer Service

Detail-Oriented

Financial Engineering

Financial Statement Analysis

Investments Analysis

Personal Development

Personal Initiative

Teamwork

Education

Honours, B.A. or B. Com or equivalent

Tools

Excel

Job description

What is the opportunity?

You will assist in the management and administration of authorized credit and transactional risk limits for various groups of fund relationships including mutual funds, pension funds, pooled funds, hedge funds, private capital, trusts, endowments and managed accounts. You will maintain relationships with RBC Capital Markets sales and trading professionals and counterparties to ensure client needs are met on a timely basis including addressing credit requirements as necessary. The role supports the development of transaction solutions (including structuring, amount and term) and provides assistance in the preparation of transaction requests, while safeguarding the credit quality of the trading credit portfolio, ensuring all limit systems are properly recording all approvals and help in the preparation of timely management information reports as required.

What will you do?

• Timely preparation of transaction requests in support of RBC CM credit intensive trading activities with global asset managers on behalf of the funds they manage.
• Understand and assess client investment strategies from a risk perspective.
• Maintenance and accuracy of trading limit data within CCMS.
• Reviews of trading counterparties (including mutual funds, pension funds, pooled funds, hedge funds, private capital, trusts, endowments and managed accounts).
• Compliance management including management of limit excesses, and supporting ATE triggers, and NAV monitoring where needed. Participate in KYC process as required.
• Assist in annual reviews for CM relationships.
• Assist in the collation of regulatory documents and confirmations as required.
• Completion of assigned projects and other duties in an efficient and effective manner that supports business initiatives.
• Maintain a strong understanding of RBFG trading policies and guidelines.
• Initiate and maintain contact with trading professionals, Group Risk Management (Credit Risk, Market Risk and Counterparty Credit Risk), Trading Documentation, Client Management Group, and RBC Law Group.

What do you need to succeed?

• Honours, B.A. or B. Com or equivalent
• Understanding and knowledge of fund industry and securities regulations governing funds
• Familiarity and basic understanding of trading products including FX, swaps and securities finance
• Knowledgeable of the RBC global network and capabilities and understanding of and ability to interpret RBC credit processes and credit policies
• Understanding of trading documentation including ISDA, GMSLA and GMRA.
• Advanced data and computer management skills including proficiency with Excel.
• Strong organizational and time management skills. 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.
• Problem solving skills.

What’s in it for you?

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Opportunities to do challenging work
• Work in a dynamic, collaborative, progressive, and high‑performing team
• Opportunity to work with and gain exposure to Sales and Trading professionals, relationship managers, Group Risk Management and a number of other internal teams
• Opportunities to take on progressively greater accountabilities

Job Skills

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

Location

ROYAL BANK PLAZA, 200 BAY ST: TORONTO

Inclusion and Equal Opportunity Employment

At 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.