Analyst, WM-ICCM

Royal Bank of Canada•Toronto, ON

2d•Onsite

About The Position

This role involves assisting in the management and administration of authorized credit and transactional risk limits for various fund relationships, including regulated mutual funds, pension funds, trusts, endowments, and managed accounts. The position requires maintaining relationships with RBC Investor Services (RBC IS) sales and trading professionals and counterparties to meet client needs, particularly regarding credit requirements. The role supports the development of transaction solutions, assists in preparing transaction requests, and safeguards the credit quality of the trading and overdraft credit portfolio. It ensures all limit systems accurately record approvals and aids in preparing management information reports. Additionally, the role performs risk assessment and continuous risk monitoring for RBC IS asset managers, covering mutual funds, pensions, and managed accounts.

Requirements

Understanding and knowledge of fund industry and securities regulations governing funds.
Familiarity and basic understanding of trading products including FX, swaps and securities finance, and non-trading products such as overdrafts.
Understanding of credit risk.
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.
Advanced data and computer management skills including proficiency with Excel, Powerpoint, and experience in database management.
Demonstrated ability to manipulate, analyze, and interpret large data sets using tools such as Python, VBA, and SQL.
B.A. or B. Comm or equivalent

Responsibilities

Timely preparation of transaction requests in support of RBC IS credit intensive trading activities with global asset managers on behalf of the funds they manage.
Prepare transaction requests in support of IS non-trading products such as overdrafts.
Understand and assess risks inherent in the asset management industry and its regulation, the sponsors and the markets they operate in, products, and investment strategies.
Reviews of trading counterparties (including regulated mutual funds, pension funds, trusts, endowments and managed accounts).
Maintenance and accuracy of trading limit data within CCMS.
Prepare borrower/counterparty risk analysis and propose internal ratings.
Participate in due diligence meetings / calls.
Timely completion of investment manager annual reviews, and RAF reviews for a portfolio of counterparties.
Compliance reporting including: limit excesses, overdraft excess monitoring, ATE triggers, and NAV monitoring.
Participate in KYC process as required.
Completion of assigned projects and other duties in an efficient and effective manner that support business initiatives.
Initiate and maintain contact with trading professionals, Group Risk Management – Credit, Market Risk, Trading Credit Risk, Trading Documentation and RBC Law Group.
Assist in the production of portfolio dashboards and internal reports by extracting and visualizing credit data using tools such as Excel, PowerPoint, Python, and SQL.
Involvement in ad hoc data analysis projects to support business decisions and process improvements.