Analyst/ Associate, Collateral Analyst

Royal Bank of Canada•New York, NY

12h•Onsite

About The Position

RBC is seeking an Analyst- or Associate-level Collateral Analyst for its financing team, primarily supporting the residential mortgage loan business. The role helps maintain portfolio integrity, ensure compliance with the credit framework, and support the operational and risk management infrastructure for warehouse lending. It serves as a liaison among collateral management, operations, IT development, and risk management, and offers an opportunity to help expand capabilities in new products and market sectors.

Requirements

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

Nice To Haves

Familiarity with databases or SQL.
Experience in whole loans and/or securitization analytics, including RMBS or other structured product types.
Familiarity with or background in mortgage or 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.

Responsibilities

Review incoming loan collateral against the predefined credit box by evaluating loan characteristics and supporting documentation.
Conduct ongoing surveillance of the active loan portfolio, monitoring credit deterioration, concentration risk, and data defects using monthly servicing data and periodic credit updates.
Validate and reconcile loan balances, paydowns, and status changes across the portfolio.
Identify manual workflows and screening logic suitable for automation; work with IT development to audit current processes and help design and test automated solutions.
Assist in identifying, measuring, and monitoring portfolio-level counterparty, market, and credit risk exposures.

Benefits

Competitive compensation.
Flexible benefits.
401(k) program with company-matching contributions.
Health, dental, vision, life, and disability insurance.
Paid time off.
Coaching and management opportunities to support employee development.
Opportunities to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to do challenging work and build close relationships with clients.
Potential to earn discretionary variable compensation, subject to business performance targets and individual goals.