Analyst, WM

1 month ago

Toronto, Canada RBC - Royal Bank Full time

Job Summary

Job Description

What is the opportunity?

You will assist in the management and administration of authorized credit and transactional risk limits for various groups of fund relationships including regulated mutual funds, pension funds, trusts, endowments and managed accounts. You will maintain relationships with RBC Investor Services (RBC IS) sales and trading professionals and counterparties to ensure client needs are met on a timely basis including addressing credit requirements as necessary. The role supports the development of transaction solutions (including structuring, amount and term) and provides assistance in the preparation of transaction requests, while safeguarding the credit quality of the trading and overdraft credit portfolio, ensuring all limit systems are properly recording all approvals and help in the preparation of timely management information reports as required. The role also includes performing the risk assessment and continuous risk monitoring for the RBC IS asset managers, including mutual fund, pensions, and managed accounts.

What will you do?

  • Timely preparation of transaction requests in support of RBC IS credit intensive trading activities with global asset managers on behalf of the funds they manage. Alongside this, prepare transaction requests in support of IS non-trading products such as overdrafts

  • Understand and assess risks inherent in (i) the asset management industry and its regulation, (ii) the sponsors and the markets they operate in, (iii) products and (iv) investment strategies

  • Reviews of trading counterparties (including regulated mutual funds, pension funds, trusts, endowments and managed accounts). Maintenance and accuracy of trading limit data within CCMS

  • Prepare borrower/counterparty risk analysis and propose internal ratings. Participate in due diligence meetings / calls

  • Timely completion of investment manager annual reviews, and RAF reviews for a portfolio of counterparties

  • Compliance reporting including: limit excesses, overdraft excess monitoring, ATE triggers, and NAV monitoring and participate in KYC process as required

  • Completion of assigned projects and other duties in an efficient and effective manner that support business initiatives

  • Initiate and maintain contact with trading professionals, Group Risk Management - Credit, Market Risk, Trading Credit Risk, Trading Documentation and RBC Law Group

What do you need to succeed?

Must Have:

  • Understanding and knowledge of fund industry and securities regulations governing funds

  • Familiarity and basic understanding of trading products including FX, swaps and securities finance, and non-trading products such as overdrafts

  • Understanding of credit risk

  • Ability to establish priorities and manage tasks with accompanying attention to detail

  • Ability to interpret, explain and communicate opinions and recommendations using strong verbal and written skills

  • Advanced data and computer management skills including proficiency with Excel

Required Education:

  • B.A. or B. Comm or equivalent

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation

  • Opportunities to do challenging work

  • Work in a dynamic, collaborative, progressive and high-performing team

  • Opportunity to work with and gain exposure to Sales and Trading professionals, relationship managers, Group Risk Management and a number of other internal teams

  • Opportunities to take on progressively greater accountabilities

Job Skills

Account Management, Coaching Others, Insurance Operations, Insurance Products, Loss Assessment, Performance Management (PM), Pricing Strategies, Producer Management, Product Knowledge, Reinsurance

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-04-03

Application Deadline:

2024-04-17

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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