Analyst/ Associate, Collateral Analyst

RBC; New York (NY); On-site; USD 135,000 - 200,000; Full time

Job summary

RBC in New York is seeking an Analyst/Associate level Collateral Analyst to support the residential mortgage loan business. You will help ensure portfolio integrity, maintain credit framework compliance, and bolster warehouse lending operations, while collaborating with collateral management, operations, IT, and risk teams.

You will review loan collateral, monitor portfolio risk, and assist in automating manual processes.

Qualifications

• Bachelor's degree in Finance, Economics, Business, or related field
• 2–3+ years of experience in credit analysis, loan portfolio management, mortgage origination, or related finance function
• Strong Excel proficiency and comfort with data manipulation, validation, and reconciliation
• Familiarity with databases or SQL is a plus
• Clear written and verbal communication skills
• Ability to work across teams and manage multiple priorities in a fast-paced environment

Responsibilities

• Collateral Intake and Credit Box Compliance: review incoming loan collateral against pre-defined credit box
• Portfolio Surveillance: monitor active loan portfolio for credit deterioration and data defects
• Processing Servicing Data: validate and reconcile loan balances, paydowns, and status changes
• Process Automation: identify manual workflows for automation with IT
• Risk Management: assist in measuring and monitoring key risk exposures at portfolio level

Skills

Excel proficiency

Data manipulation

Attention to detail

Communication

Cross-functional collaboration

Problem solving

Education

Bachelor's degree in Finance, Economics, Business, or related field

Tools

SQL

Python

R

Job description

What is the opportunity?

We are seeking an Analyst or Associate level Collateral Analyst for our financing team, primarily to support the residential mortgage loan business. This role is central to ensuring portfolio integrity, maintaining compliance with our credit framework, and supporting the operational and risk management infrastructure that underpins our warehouse lending activities. This role will serve as a key liaison between collateral management, operations, IT development, and risk management. There will also be an opportunity to participate in the growth of the business by helping to build our capabilities in new products and market sectors.

Job Description

Analyst/ Associate, Collateral Analyst

What is the opportunity?

We are seeking an Analyst or Associate level Collateral Analyst for our financing team, primarily to support the residential mortgage loan business. This role is central to ensuring portfolio integrity, maintaining compliance with our credit framework, and supporting the operational and risk management infrastructure that underpins our warehouse lending activities. This role will serve as a key liaison between collateral management, operations, IT development, and risk management. There will also be an opportunity to participate in the growth of the business by helping to build our capabilities in new products and market sectors.

What will you do?

• Collateral Intake and Credit Box Compliance: Assist in reviewing all incoming loan collateral against our pre-defined credit box by evaluating loan characteristics and supporting documentation.
• Portfolio Surveillance: Conduct ongoing surveillance of the active loan portfolio, monitoring for credit deterioration, undue concentration risk, and data defects using monthly servicing data and periodic credit updates.
• Processing Servicing Data: Assist in validating and reconciling loan balances, paydowns, and status changes across the portfolio.
• Process Automation: Identify manual workflows and screening logic that are candidates for automation, working closely with the IT development team to audit current processes and assist in the design and testing of automated solutions.
• Risk Management: Assist in the identification, measurement, and monitoring of key risk exposures at the portfolio level, including counterparty, market, and credit risk.

What do you need to succeed?

Must-have

• Bachelor's degree in Finance, Economics, Business, or related field
• 2–3 plus years of experience in credit analysis, loan portfolio management, mortgage origination, or related finance function
• Strong Excel proficiency and comfort with data manipulation, validation, and reconciliation
• Ability to work with structured data; familiarity with databases or SQL is a plus
• Excellent attention to detail and a commitment to data accuracy and process discipline
• Clear written and verbal communication skills
• Demonstrated ability to work across teams and manage multiple priorities in a fast-paced environment

Nice-to-have

• Experience in whole loans and/or securitization analytics (RMBS, or other structured product types)
• Familiarity with or background in mortgage/warehouse lending
• Knowledge of credit rating methodologies or portfolio risk analytics
• Experience with business process automation or requirements gathering for IT projects
• Proficiency in Python, R, or other data analysis tools

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $135,000-$200,000, depending on your experience, skills, and registration status, market conditions and business needs.

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

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above marker shareholder value

Job Skills

Bond Trading, Communication, Critical Thinking, Detail-Oriented, Futures Exchange, Market Risk, Options Analysis, Systems Applications, Trade Client Reporting

Additional Job Details

Address: BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City: New York

Country: United States of America

Work hours/week: 40

Employment Type: Full time

Platform: CAPITAL MARKETS

Job Type: Regular

Pay Type: Salaried

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

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.