Associate, Ratings & Monitoring

RBC; Toronto; On-site; CAD 90,000 - 135,000; Full time

Job summary

RBC is seeking an Associate on the Ratings and Monitoring team in Toronto to assess credit ratings, monitor risk, and ensure covenant compliance across Banks, Sovereigns, Supranationals, and non-bank financial institutions. The role involves developing industry expertise, collaborating with Adjudication, Business, Global Credit and other Capital Markets areas.

Ideal candidates have 5+ years in credit risk/financial analysis, strong communication, and proven stakeholder collaboration skills.

Qualifications

• 5+ years knowledge and experience in credit risk and/or financial analysis.
• Excellent verbal and written communication skills.
• Strong stakeholder management and collaboration skills.
• Ability to work effectively within a team environment.
• Proficient with MS Office and data tools for online research.

Responsibilities

• Assess credit ratings for Banks, Sovereigns, Supranationals and NBFI counterparties.
• Monitor credit risk and identify key events, refresh ratings annually.
• Support regulatory/audit requests and covenant compliance checks.
• Develop portfolio expertise and provide value-added advice to partners.
• Conduct financial research and develop projections; collaborate across teams.

Skills

Credit risk

Financial analysis

Communication

Stakeholder management

Teamwork

Education

MBA/CFA/CPA or equivalent

Tools

S&P

Capital IQ

Moody's

Job description

Job Description

What is the opportunity?

As an Associate on the Ratings and Monitoring team, you will be responsible for assessing credit ratings of Capital Markets borrowers and counterparties, verifying covenant compliance, monitoring company and industry developments and identifying key risk events for Banks, Sovereigns, Supranationals and Non-Bank Financial Institution counterparties / borrowers. The role will require you to develop industry expertise and collaborate with internal stakeholders across several sectors of the Business; including Adjudication, Business, Global Credit and other Capital Markets areas.

What will you do?

For the assigned portfolio, you will be responsible for:

• Portfolio of clients in the Banks, Sovereigns, Supranationals and Non-Bank Financial Institutions (Financial Institution and Non-Bank Financial Institutions) space
• Managing and monitoring credit risk, which includes identifying key credit events, reviewing / refreshing credit risk ratings at a minimum on an annual basis;
• Participate in team deliverable targets with respect to regulatory / audit requests;
• Ensure borrower’s compliance of terms and conditions of credit agreements / ISDAs;
• Develop expertise in assigned portfolio, policies and guidelines, and provide value added advice to internal partners;
• Conduct research, analyze financial statements and develop financial projection; and
• Collaborate cross-teams and with our business partners.

What do you need to succeed?

Must-Have:

• Self-motivated with a combination of strong credit and analytical skills
• Ability to critically assess financial statements and other client reports and draw reasoned conclusions
• Excellent verbal and written communication skills
• Strong stakeholder management and collaboration skills
• Ability to work effectively within a team environment.
• 5+ years knowledge and experience in credit risk and/or financial analysis
• High degree of computer literacy: MS Office Suite, database software, and electronic tools for on-line research

Nice-To-Have:

• Academic background with a Master’s level accreditation: usually an MBA, CFA, CPA or other professional designation
• Experience with S&P, Capital IQ, Moody’s

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.

• 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, Personal 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:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2026-09-01

Application Deadline:

2026-09-15

Note:

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

Pay Range

The expected pay range for this position is:

$90,000.00 - $135,000.00

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Our Employment Opportunities

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.