Analyst/ Associate, Collateral Analyst

RBC•New York, NY

1d•$135,000 - $200,000•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 ensure portfolio integrity, compliance with the credit framework, and the effectiveness of the operational and risk management infrastructure supporting warehouse lending. It serves as a liaison among collateral management, operations, IT development, and risk management, and may contribute to developing capabilities for new products and market sectors. The analyst reviews incoming loan collateral against defined credit criteria, monitors the active loan portfolio for credit deterioration, concentration risk, and data defects, and validates and reconciles servicing data. The role also identifies opportunities to automate workflows and screening logic in partnership with IT, and assists with measuring and monitoring portfolio-level counterparty, market, and credit risks. This is a full-time, salaried position based at Brookfield Place, 200 Vesey Street, New York, New York. The stated salary range is $135,000–$200,000, depending on experience, skills, registration status, market conditions, and business needs. Eligible compensation may also include RBC's discretionary variable compensation program.

Requirements

Bachelor's degree in Finance, Economics, Business, or a related field.
2–3 or more 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.
Excellent attention to detail and 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 Haves

Familiarity with databases or SQL.
Experience in whole loans and/or securitization analytics, such as 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 for credit deterioration, undue 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 that may be suitable for automation.
Work with the IT development team to audit current processes and assist in designing and testing automated solutions.
Assist in identifying, measuring, and monitoring portfolio-level counterparty, market, and credit risk exposures.