Associate Director, GRM Wholesale Credit, Insurance

RBC; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial institution in Toronto is looking for an Associate Director in Group Risk Management. In this role, you will assess financial risks in the insurance sector and work closely with business units on new transaction risks. Candidates should have a minimum of 5 years in a financial institution and strong analytical skills. The position offers a competitive compensation package and flexible work options.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Development through coaching

Qualifications

• Minimum 5 years of experience in a financial institution, preferably in lending.
• Ability to deal with obstacles and develop effective solutions on tight timelines.
• Experience with financial modeling and financial statement analysis.

Responsibilities

• Work closely with business on risk aspects of new transactions.
• Review Transaction Requests, term sheets, and risk assessments.
• Ensure a balance between Risk and Return.

Skills

Analytical and intellectually curious mindset

Strong communication skills

Significant experience with Excel

Good understanding of loan and trading credit products

Ability to work with stakeholders

Education

Postgraduate degree or accounting designation

CFA

Job description

Job Description

What is the opportunity?
Group Risk Management – Wholesale Credit focuses on risk assessment and adjudication of challenging Capital Markets and Corporate Client Group transactions across the globe. Your intellectual curiosity and drive to understand complex corporate credits will help you deliver effective analysis of business and financial risk in order to provide comprehensive credit approval recommendations.

As Associate Director, your highly developed experience with financial analysis and credit and ability to quickly determine what’s relevant and what’s will not set the stage for success. The position is focused on the insurance sector, specifically covering life insurance, property, and casualty (P&C) insurance, insurance brokers and related service providers.

What will you do?

• Work closely with the business at early stages 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 Transaction Requests, term sheets and risk assessments within agreed timelines and/or turn-around benchmarks, highlight exceptions to applicable policies and guidelines, and suggest enhancements
• Ensure an appropriate balance between Risk and Return
• Review and adjudicate financial models and assist in continuous oversight of borrower’s business and financial performance through monitoring of financial and industry information, regulatory changes, third party analysis including rating agency publications, and other early warning signals

What do you need to succeed?
Must-Haves

• Minimum 5 years of experience working in a financial institution, preferably in lending
• Good understanding of loan and trading credit products with a proven track record of building effective relationships with internal/external stakeholders
• Significant experience with Excel, including as a tool for financial analysis and a good understanding of financial modelling and financial statement analysis
• Analytical and intellectually curious mindset
• Ability to deal with obstacles and work to develop effective solutions/recommendations on tight timelines
• Strong communication skills (both written and presentation) and ability to work with others in a collaborative manner

Nice-to-Haves

• Postgraduate degree, accounting designation and/or CFA
• Interest in pursuing a career in credit risk management
• Industry knowledge and experience

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team

Job 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

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:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-08-12

Application Deadline:

2025-08-26

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.

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