Securitization Financing Portfolio Management – Analyst

Royal Bank of Canada•Wilmington, DE

7d•Onsite

About The Position

This role is part of Securitization Financing Portfolio Management (SFPM), a closely integrated, cross-functional specialized team that provides various critical functions to RBCCM’s Securitization Finance business within Global Markets. SFPM provides transactional execution support in the US, Canada, Europe and APAC for securitization transactions either funded directly on RBC’s balance sheet or via the issuance of commercial paper by one of seven multi-seller RBC administered commercial paper conduits. SFPM also provides on-going at least monthly (some transactions daily) complex collateral monitoring, administration and reporting on a large and diverse portfolio of bespoke private securitization transactions across 25+ asset classes for over 125 clients. SFPM also performs daily management of all aspects of 7 individual finance companies, of which 6 are separate and distinct from RBC, providing funding to clients through the US & CAD ABCP markets. SFPM is a center of excellence in supporting structured finance transactions, and this role will also include nuances of operational, compliance, project management, front office origination, finance/accounting responsibilities, compiling data for internal and external constituents, and performing a variety of administrative functions to ensure compliance with applicable by-laws, transaction legal documents, and internal policies and procedures.

Requirements

MBA or undergraduate degree: finance, economics, accounting or mathematics preferred but not required
1-3 years of prior Securitization experience at a financial institution, rating agency, issuing client or buy-side firm is preferred but not required
Solid understanding of capital and credit markets
Strong attention to detail
Strong quantitative and analytical skills
Ambitious individual with strong presentation skills
Possess strong written and oral communication skills
Ability to prioritize and effectively manage a large workload in a high-pressure environment
Ability to multi-task with little supervision
Ability to interact effectively & establish good working relationships with other personnel within RBC Capital Markets and external clients
High proficiency in Word, PowerPoint & Excel

Responsibilities

Work with fellow SFPM team members to oversee and coordinate day-to-day management of 2 US RBC-administered ABCP conduit programs.
Serve as first line of defense for on-going collateral monitoring for designated transactions. Identify any portfolio aberrations, deterioration or breaches of deal triggers.
Assist with creating and maintaining custom seller report templates used to validate collateral reporting and borrowing base compliance as well as to track and store historical portfolio information.
Enter key monthly portfolio statistics into the securitization collateral tracking systems to be able to monitor the risk in each transaction, recalculate the important metrics on the client report and produce reporting.
Produce, review, finalize and distribute periodic reporting to commercial paper investors, rating agencies, risk management and other internal and external constituents.
Help set portfolio administration standards and metrics to be monitored, and develop procedures and processes to help ensure consistent and accurate reporting for both new and existing transactions.
Coordinate and lead deal closing and funding meetings with all relevant parties.
Participate in due diligence meetings for new and existing clients.
Review deal AUP audit reports and follow-up with Origination team on findings.
Assist with the annual external audits of the 2 US ABCP conduits and periodic internal/external business audits.
Develop knowledge of transactions and understanding of legal documents to be able to populate and maintain deal data in KME proprietary application.
Review administration sections of legal documentation, including loan agreements and fee letters, to make sure bank operations (balance sheet deals) or sub-agent (conduit deals) can book and properly administer the transaction.
Ensure required deal related documentation is retained.
Facilitate with Origination team the on-boarding of new client or refresh of existing client for AML/KYC.
Work with internal and external business partners to resolve operational or other issues.
Participate in projects to implement new products, transaction types or expansion of existing products to new jurisdictions. Projects may also include enhancement to processes or systems.
Proactively identify operational risks/ control deficiencies in the business.
Review and comply with Firm Policies applicable to your business activities.
Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions promptly. Failure to do so may subject you to disciplinary action, up to and including termination.