Associate, Ratings & Monitoring

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

Job summary

RBC is seeking an Associate on the Rating and Monitoring team in Toronto to assess credit ratings of Capital Market borrowers, verify covenant compliance, and monitor industry developments. You will mentor junior analysts and collaborate with Adjudication, Corporate Banking, and Global Credit teams to deliver risk-based insights.

The role emphasizes developing portfolio expertise, conducting financial analysis, and providing value-added guidance to internal partners while supporting the bank's

Qualifications

• Must understand credit risk and be able to analyze financial statements.
• Excellent verbal and written communication skills.
• Ability to work well in a team and collaborate with internal partners.
• 3–5 years of credit risk or financial analysis experience.
• Strong computer literacy: MS Office, databases and online research tools.

Responsibilities

• Manage and monitor credit risk and review/refresh credit ratings.
• Contribute to regulatory/audit related deliverables.
• Ensure borrower compliance with credit agreements.
• Develop portfolio expertise and provide advice to internal partners.
• Analyze financial statements and develop projections.
• Collaborate with cross-teams and business partners.

Skills

Credit risk

Financial analysis

Verbal and written communication

Team collaboration

MS Office Suite

Online research tools

Education

MBA / CFA / CPA preferred

Tools

S&P

Capital IQ

Moody's

Job description

Job Description

What is the opportunity?

As an Associate on the Rating and Monitoring team, you will be responsible assessing credit rating of Capital Market borrowers, verifying covenant compliance, monitoring company and industry developments and identifying key risk events. The role will require you develop industry expertise and collaborate with analysts across several sectors of the Business; including Adjudication, Corporate Banking, Global Credit and other Capital Markets areas. This role also requires you to pay-it-forward, as such you are expected to coach and mentor junior risk analysts.

What will you do?

For the assigned portfolio you will be responsible for:

• Managing and monitor credit risk, which includes identifying key credit event, reviewing / refreshing credit risk rating.
• Participate in team deliverable targets with respect to regulatory / audit request
• Ensure borrower’s compliance of terms and conditions of credit agreement
• 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
• Collaborate cross-teams and with our business partners.

What do you need to succeed?

Must-Have’s:

• 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
• Ability to work effectively within a team environment
• 3-5 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’s:

• Academic background with a Master’s level accreditation: usually an MBA, CFA, CPA or other professional designation
• Consumer/Chemicals & Restaurants experience
• 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.

• A comprehensive Total Rewards Program including performance-based bonuses, flexible benefits, competitive compensation packages
• Leaders who prioritize development and provide opportunities for accelerated career growth
• Work in a dynamic, collaborative, progressive, and high-performing team
• Ability to make a difference and lasting impact

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:

Regular

Pay Type:

Salaried

Posted Date:

2026-09-29

Application Deadline:

2026-10-20

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate’s experience, skills, registration status, performance, individual goals, market conditions, and business needs.

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.