Associate Director, Securitization Credit Risk, RBC Capital Markets, LLC, New York, NY:

Royal Bank of Canada•New York, NY

1d•$188,178 - $188,178•Hybrid

About The Position

Responsible for risk analysis and independent oversight of credit quality of Collateralized Loan Obligations (CLO) Warehouse Lending and Securitization portfolio. Oversee all aspects of CLO Warehousing / Securitization credit quality including internal and regulatory compliance with a key focus on CLO Warehousing (Broadly Syndicated Loans, Middle Market Loans), CLO Credit Underwriting, and Securitization. Establishing and maintaining internal controls that effectively manage risk. Reviewing and challenging new transactions and products to ensure they are in line with RBC's risk tolerance and comply with RBC's underwriting standards, policies and procedures. Approve new or modified transactions. Represent the 2nd line of defense in all new CLO Warehousing deal screenings, perform credit analysis to determine deal viability, and compliance with CLO Warehouse credit underwriting standards. Monitor changes in portfolio and market developments and best practices to extract value-added insight for senior management. Implement changes and improvements to the risk control framework to support development of best practices, market trends and regulatory requirement. Telecommuting permitted up to 1 day per week. #LI-DNI Full time employment, Monday – Friday, 40 hours per week, $188,178 per year.

Requirements

Must have a Bachelor’s degree or foreign equivalent in Finance, Economics, Mathematics, Statistics or a related field and 5 years of progressive, post-baccalaureate work experience.
Must have 5 years of experience in: Leveraged loans, Collateralized Loan Obligations, Structured Credit, or Securitization products.
Capital Markets activities related to CLO and Securitization capital markets take-outs.
Credit analysis and underwriting to track underlying counterparty performance.
Analytical and quantitative modeling, underwriting analysis, and risk assessment methodologies to evaluate the credit risk of securitization assets, identify portfolio vulnerabilities, and design and implement control processes to mitigate risk.
Risk stripes (operational, credit, market, technology, regulatory or legal) in the CLO or Securitization segments.
Modeling securitization risk within Excel (including advanced VBA) or Python.
Developing Python-based tools and reporting to monitor risk within existing portfolios.
Data environments including querying structured data (SQL databases).
Automating recurring portfolio, monitoring tasks and enhancing operational efficiency through scripting and workflow optimization.

Responsibilities

Risk analysis and independent oversight of credit quality of Collateralized Loan Obligations (CLO) Warehouse Lending and Securitization portfolio.
Oversee all aspects of CLO Warehousing / Securitization credit quality including internal and regulatory compliance with a key focus on CLO Warehousing (Broadly Syndicated Loans, Middle Market Loans), CLO Credit Underwriting, and Securitization.
Establishing and maintaining internal controls that effectively manage risk.
Reviewing and challenging new transactions and products to ensure they are in line with RBC's risk tolerance and comply with RBC's underwriting standards, policies and procedures.
Approve new or modified transactions.
Represent the 2nd line of defense in all new CLO Warehousing deal screenings, perform credit analysis to determine deal viability, and compliance with CLO Warehouse credit underwriting standards.
Monitor changes in portfolio and market developments and best practices to extract value-added insight for senior management.
Implement changes and improvements to the risk control framework to support development of best practices, market trends and regulatory requirement.