Associate Director, Group Risk Management

3 weeks ago

Toronto, Ontario, Canada RBC - Royal Bank Full time

Job Summary

As part of the Group Risk Management (GRM) team, the Associate Director, Wholesale Credit Risk, will provide risk assessment and adjudication for complex Capital Markets transactions.

As trading and lending credit risk is the predominant form of credit risk that RBC incurs with respect to Asset Manager Sponsors and Financial Market Infrastructures (FMIs), the Associate Director will be expected to participate in implementing effective and timely credit risk analysis. Clients will primarily be the higher risk and/or more highly complex relationships.

Job Description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Associate Director, Wholesale Credit Risk, will provide risk assessment and adjudication for complex Capital Markets transactions.

As trading and lending credit risk is the predominant form of credit risk that RBC incurs with respect to Asset Manager Sponsors and Financial Market Infrastructures (FMIs), the Associate Director will be expected to participate in implementing effective and timely credit risk analysis. Clients will primarily be the higher risk and/or more highly complex relationships.

What will you do?

  • As the second line of defense, you will work in partnership with various business partners (Sales/Trading desk, Corporate Banking, Credit & Transaction Management, CCR, Market Risk, Operations, Document Group, etc.) throughout the transaction life cycle.
  • Work closely with the business on the risk aspects of any new transaction under consideration and provides direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns.
  • Perform credit analysis on individual borrowers in order to establish/adjudicate borrower risk ratings; includes reviewing Risk Assessments (RAFs) which encompasses industry, business and financial risks.
  • Resolve urgently fields requests for indicative ratings and requests for adjudication of bespoke loan and trading transactions.
  • Maintain an up to date RAF approval schedule, and continuously reviews Borrower Risk Ratings (BRRs) on all assigned borrowers.
  • Assist in daily monitoring of borrower's business and financial performance through monitoring of financial and industry information, regulatory changes, third party analysis including rating agency publications, and other early warning signals.
  • Review complex financial models (including projections of income statement, balance sheet and cash flow statements for use in leveraged lending transactions), and prepares peer group comparisons and quarterly industry reviews.
  • Provide peak-flow coverage/assistance to other Associate Directors and to Directors on their Transactions and RAFs, including research and analysis.
  • Review Single Name Limit strategies and Transaction Requests within agreed timelines and/or turn-around benchmarks, highlights exceptions to applicable policies and guidelines, and suggests enhancements. In addition, prepare recommendations for Single Name Limit and Transaction Requests for sign off.
  • Provide analytical and project support for internal reporting requirements, process optimization and data management.
  • Share best practices and engage in a continuous improvement culture with particular focus on reducing non value-added processes.

What do you need to succeed?

Must Have

  • Solid understanding of the financial markets and the role of NBFIs, backed by 5-7 years general credit analysis experience with a Financial Institution or Asset Manager, preferably in both a lending and trading capacity.
  • Either possess a post graduate degree or is working towards a CFA or CA/CMA designation. An MBA is highly preferable.
  • Knowledge and an understanding of financial statement analysis, with demonstrated financial modelling and analytical skills.
  • Strong interpersonal and teamwork skills, with proven ability to communicate (verbal and written) clearly and concisely.
  • Responsive, agile, and works with a sense of urgency. Superior time management skills and attention to detail, with ability to perform well independently and under pressure.
  • Computer literate with high comfort level in use of word processing (Word), spreadsheet (Excel) and presentation slides (Powerpoint).

Nice to Have

  • Working knowledge of Asset Manager and FMI Industries, with experience providing credit coverage for Sponsors/FMIs.
  • Good understanding of lending and trading credit products including corporate loans, derivatives, securities financing, margin loans, etc.
  • Proficient in Excel, including VBA/Macro as a tool for financial analysis and process optimization involving large data sets.
  • Knowledge of and interest in pursuing a career in Risk Management.

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 while minimizing losses to RBC.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
  • 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
  • Opportunities to do challenging work

Job Skills

Accounting Finance, Asset and Liability Management (ALM), Commercial Loan Review, Confidentiality, Credit Analysis, Customer Service, Customer Success, Detail-Oriented, Financial Statement Analysis, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

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

  • Associate Director, Group Risk Management

    5 days ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryAs part of the Group Risk Management (GRM) team, the Associate Director, Wholesale Credit Risk, will provide risk assessment and adjudication for complex Capital Markets transactions.As trading and lending credit risk is the predominant form of credit risk that RBC incurs with respect to Asset Manager Sponsors and Financial Market Infrastructures...

  • Director, Research

    5 days ago

    Toronto, Ontario, Canada Global Risk Institute Full time

    COMPANY BACKGROUND / CULTUREThe Global Risk Institute (GRI) is a premier organization that defines thought leadership in risk management for the financial industry. GRI brings together leaders from industry, academia, and government to draw actionable insights on risks globally.The organization was founded in 2010 as a result of efforts by the financial...

  • Director, Risk Management

    5 days ago

    Toronto, Ontario, Canada Infrastructure Ontario Full time

    Reporting to the Vice President Enterprise Risk Management, the Director, Risk Management will support the execution and development of the risk management function at IO. This is achieved through collaborating with the Executive team and the Board to help the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate...

  • Director, Risk Management

    5 days ago

    Toronto, Ontario, Canada Infrastructure Ontario Full time

    IO's Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency's finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $19 billion in local infrastructure development, and...

  • Associate Director, Risk Management Services

    5 days ago

    Toronto, Ontario, Canada Greater Toronto Airports Authority Full time

    Join Canada's busiest airport as our next Associate Director, Internal Audit Do you want to help transform Toronto Pearson into the global airport of the future? We're committed to becoming one of the most advanced, sustainable, and passenger-friendly airports in the world – and we need your help.This is your chance to play an essential role: building the...

  • Associate Director, Third Party Risk

    4 days ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryJob DescriptionWhat is the opportunity?The GRM Third Party Risk (TPR) team is accountable for RBC's enterprise-wide Third Party Risk management (TPRM) strategy and framework, enabling RBC to identify, measure, monitor, and mitigate the risks associated with third parties. TPR works with Senior Management across RBC's business platforms and...

  • Associate Director/Director

    5 days ago

    Toronto, Ontario, Canada Manulife Insurance Malaysia Full time

    Director/Associate Director, Asia Asset Liability Management page is loaded Director/Associate Director, Asia Asset Liability Management Apply locations Singapore Hong Kong time type Full time posted on Posted Yesterday job requisition id JR We are a leading financial services provider committed to making decisions easier and lives better for our customers...

  • Actuarial Delivery Group Associate Director

    4 days ago

    Old Toronto, Ontario, Canada Willis Towers Watson Full time

    Do you have a passion for building teams and delivering technically excellent work that exceeds client expectations? Do you thrive on collaborative, supportive teams and enjoy problem solving to ensure flawless delivery? Do you want to be part of a strategic team focused on innovation and excellence? Look no further...WTW is the place for you The Actuarial...

  • Associate Director, Security Risk Oversight

    1 day ago

    Toronto, Ontario, Canada RBC - Royal Bank Full time

    Job SummaryReporting to the Director, Security Risk Oversight, the Associate Director is responsible for supporting oversight and advisory activities for security risk management enterprise wide. This involves supporting the 2nd Line of Defense governance model, by providing independent challenge to ensure that the Security Risk profile is fairly presented...

  • director of risk management and legal

    5 days ago

    Toronto, Ontario, Canada Canadian Imperial Bank of Commerce Full time

    Director, Operational Risk Management page is loaded Director, Operational Risk Management Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id We're building a relationship-oriented bank for the modern world. Global Operational Risk Management (GORM) is the 2nd Line of Defense group responsible for providing...

  • Risk Manager

    4 weeks ago

    Toronto, Ontario, Canada Real Talk Group Full time

    Our client, a key player in the transportation and infrastructure sector, has been chosen by major entities to enter the Development Phase of an extensive, multi-billion-dollar capital program. This transformational project is aimed at revolutionizing the regional rail network by introducing electrification, more frequent service, shorter journey times, and...

  • Risk Manager

    3 weeks ago

    Toronto, Ontario, Canada Real Talk Group Full time

    Our client, a key player in the transportation and infrastructure sector, has been chosen by major entities to enter the Development Phase of an extensive, multi-billion-dollar capital program. This transformational project is aimed at revolutionizing the regional rail network by introducing electrification, more frequent service, shorter journey times, and...

  • Associate Director Technology Risk

    3 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryAs part of RBC's Group Risk Management Enterprise Risk Resilience team, the Associate Director, Technology Risk will be responsible for providing challenge and oversight on our technology Infrastructure platform technology operations. This includes providing an opinion on RBC's Technology risk posture, developing / overseeing Technology Key Risk...

  • Associate Director Technology Risk

    2 months ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryAs part of RBC's Group Risk Management Enterprise Risk Resilience team, the Associate Director, Technology Risk will be responsible for providing challenge and oversight on our technology Infrastructure platform technology operations. This includes providing an opinion on RBC's Technology risk posture, developing / overseeing Technology Key Risk...

  • Director, Pension Risk Management

    5 days ago

    Toronto, Ontario, Canada CIBC Full time

    We're building a relationship-oriented bank for the modern world. The Director, Cyber Risk, Portfolio Management will execute GORM operational risk program and practices related to Identification, Measurement, Mitigation and Monitoring & Reporting of operational risk, including technology, information security/cyber, data, business interruption, physical...

  • Director, Pension Risk Management

    4 days ago

    Toronto, Ontario, Canada Cyber Crime Full time

    Bank on your terms with CIBC – whether it's in person, over the phone or online, CIBC has you covered. We're building a relationship-oriented bank for the modern world. The Director, Cyber Risk, Portfolio Management will execute GORM operational risk program and practices related to Identification, Measurement, Mitigation and Monitoring & Reporting of...

  • Associate Director Research and Project Management

    5 days ago

    Toronto, Ontario, Canada HOOPP Full time

    Associate Director, Operational Risk Management, Finance page is loaded Associate Director, Operational Risk Management, Finance Apply locations Toronto, Ontario, Canada time type Full time posted on Posted 5 Days Ago job requisition id JR101521 Why you'll love working here: high-performance, people-focused culture our commitment that equity, diversity,...

  • Director, Events and Education

    5 days ago

    Toronto, Ontario, Canada Global Risk Institute Full time

    The Company The Global Risk Institute (GRI) is a premier organization that defines thought leadership in risk management for the financial industry. GRI brings together leaders from the financial services industry, academia, and government to draw actionable insights on risks globally. The organization was founded in 2010 as a result of efforts by the...

  • Risk Management Specialist

    5 days ago

    Toronto, Ontario, Canada Real Talk Group Full time

    Our client, a key player in the transportation and infrastructure sector, has been chosen by major entities to enter the Development Phase of an extensive, multi-billion-dollar capital program. This transformational project is aimed at revolutionizing the regional rail network by introducing electrification, more frequent service, shorter journey times, and...

  • director of risk management and legal

    5 days ago

    Toronto, Ontario, Canada CIBC Full time

    We're building a relationship-oriented bank for the modern world. Global Operational Risk Management (GORM) is the 2nd Line of Defense group responsible for providing oversight of CIBC's global operational risk exposures through the Operational Risk Management and Control Frameworks including: people, technology, processes or external events. GORM has...