Associate, Institutional Client Credit Management

RBC • Toronto, ON

3d • Onsite

About The Position

This role directly manages authorized credit and transactional risk limits across our group of fund relationships. Counterparties include mutual funds, pension funds, trusts, endowments, managed accounts, alternative accounts, hedge funds, private capital etc. You will maintain relationships with RBC Capital Markets (CM) sales and trading professionals and counterparties to ensure client needs are met on a timely basis including addressing credit requirements as necessary. You will support the development of transaction solutions (including structuring, amount and term) and provide assistance in the preparation of transaction requests, while safeguarding the credit quality of the trading portfolio.

Requirements

• Minimum: Honours, B.A. or B. Comm.
• Minimum 4–5 years of experience in financial services
• Strong financial risk analysis and/or accounting skills
• Ability to prioritize work and manage competing demands
• Excellent written and verbal communication skills
• Familiarity with the RBC Capital Markets credit process and trading agreements
• Ability to work in an interactive team environment
• Strong general PC skills and demonstrated capability to learn key internal systems
• Ability to strike a balance in putting the “Client First” while ensuring that internal standards are maintained, and deliverables are provided

Nice To Haves

• Academic background with a combination of master’s level accreditation: usually an MBA, CFA, CA, other professional designation or relevant work experience

Responsibilities

• Timely preparation of transaction requests in support of RBC CM credit intensive trading activities with global asset managers on behalf of the funds they manage
• Understand and assess client investment strategies from a risk perspective
• Review of trading counterparties
• Maintenance and accuracy of trading limit data within CCMS
• Compliance management including managing limit excesses and supporting ATE triggers
• Complete annual reviews and participate in client due diligence meetings
• Participate in KYC process as required
• Assist in the collation of regulatory documents and confirmations as required
• Completion of assigned projects and other duties in an efficient and effective manner that supports business initiatives
• Maintain a strong understanding of RBFG trading policies and guidelines
• Initiate and maintain contact with Sales and Trading professionals, Group Risk Management (Credit Risk, Market Risk, Counterparty Credit Risk), Trading Documentation and RBC Law Group
• Understand and assist in negotiating trading documentation including ISDA, GMSLA and GMRA

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• 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.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level